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Informist, Monday, Jan. 19, 2026

 

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--BHEL Oct-Dec net profit INR 3.82 bln
--BHEL Oct-Dec net profit INR 3.82 bln vs INR 1.25 bln year ago
--BHEL Oct-Dec revenue INR 84.73 bln vs INR 72.77 bln year ago
--BHEL Apr-Dec net profit INR 2.95 bln vs INR 89.2 mln year ago
--BHEL Apr-Dec revenue INR 214.72 bln vs INR 193.46 bln year ago
--BHEL Oct-Dec power revenue INR 63.22 bln vs INR 55.88 bln year ago
--BHEL Oct-Dec industry revenue INR 21.51 bln vs INR 16.89 bln year ago
--BHEL board OKs "short closure" of investment in new Varanasi plant
--BHEL: Products planned for Varanasi unit being planned at other locations
--BHEL had planned investment of INR 3.45 bln for Varanasi plant in phase-I

 

By Gunjan Rajput

 

MUMBAI - Bharat Heavy Electricals Ltd.'s net profit for the December quarter more than tripled on year for the December quarter, supported by a steady growth in revenue. The quarterly performance of the state-owned capital goods major was broadly in line with the Street expectations.

The company's net profit for the December quarter was INR 3.82 billion, up 206% year-on-year. The company's net profit was INR 1.25 billion in the year-ago quarter. Analysts had expected net profit in the range of INR 2.03 billion–INR 4.14 billion. The company's revenue was INR 84.73 billion, up 16% year-on-year, in Oct-Dec. The company's revenue was INR 72.77 billion for the year-ago quarter. Analysts had expected revenue in the range of INR 84.46 billion–INR 89.52 billion.

For Apr–Dec, the company's net profit jumped multifold year-on-year to INR 2.95 billion from INR 89.2 million in the year-ago period. The company's revenue for Apr-Dec was INR 214.72 billion, up 11% against INR 193.46 billion a year ago.

 

This marks the 20th straight quarter of growth in BHEL's net revenue from operations and also the highest year-on-year growth in the past four quarters.

 

BHEL's other income in the December quarter was up over 95% on year at INR 2.27 billion. The revenue from the industry segment was INR 21.50 billion, up 27% on year, and that from the power sector was INR 63.22 billion, up 13% on year.

 

The company's total expenditure for the December quarter rose over 13% on year to INR 81.88 billion, on the back of higher raw material costs and employee benefit expenses. The engineering and manufacturing company's raw material cost for the quarter rose nearly 24% on year to INR 60.58 billion, and its expenses related to employee benefits rose nearly 3% on year to INR 15.31 billion. However, on a sequential basis, raw material costs and employee benefit expenses increased only by nearly 6% and 3%, respectively.

The company had a tax outgo of INR 1.29 billion during the quarter, compared to INR 193 million during the year-ago quarter. 

 

The board of BHEL has approved the "short closure" of its capital investment scheme for setting up a new manufacturing plant in Varanasi, citing the current business environment. The products originally planned for the Varanasi unit will now be manufactured at other BHEL facilities. The company had proposed an investment of INR 3.45 billion for the project under Phase I.
 

At 1526 IST, shares of BHEL traded at INR 262.75 per share on the National Stock Exchange, down 1%. End

 

Edited by Tanima Banerjee and Deepshikha Bhardwaj

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

 

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