Bharat Heavy Electricals Ltd Q4 FY26 results are out (Jan–Mar 2026) →Revenue ₹12,310 Cr +36.9% YoYSee revenue, profit and what management said. You are viewing Q2 FY25.
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Bharat Heavy Electricals Ltd

Q2 FY25Electrical Equipment

Bharat Heavy Electricals Q2 FY25 earnings call: Revenue & Margins

Q2 FY25 investor presentation: what the company reported on revenue, margins and capex.

Revenue
₹6,584Cr
+28.5% YoY
+20% QoQ
Net profit
₹106Cr
Turned profitable YoY
Turned profitable QoQ
Margin
4%
+7 pp YoY
+7 pp QoQ

Bharat Heavy Electricals Ltd Q2 FY25 key numbers

Revenue
Revenue from Operations for Q2 FY25: Rs. 6,584 Crore, up from Rs. 5,125 Crore in Q2 FY24, showing a growth of approximately 28.5%.

As stated in Bharat Heavy Electricals Ltd's Q2 FY25 investor presentation · published 24 Sept 2026. Reported figures, not investment advice.

Based on Bharat Heavy Electricals Ltd's Q2 FY25 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the investor presentation reports, not management guidance.

Price₹415
Market cap₹1.5L Cr
P/E63.0

The short version

Revenue from Operations for Q2 FY25: Rs. 6,584 Crore, up from Rs. 5,125 Crore in Q2 FY24, showing a growth of approximately 28.5%. EBITDA for Q2 FY25: Rs. 393 Crore, up from Rs. 43 Crore in Q2 FY24.

From Bharat Heavy Electricals Ltd's Q2 FY25 earnings-call transcript · updated 24 Sept 2026.

Revenue & Sales Performance

  • Revenue from Operations for Q2 FY25: Rs. 6,584 Crore, up from Rs. 5,125 Crore in Q2 FY24, showing a growth of approximately 28.5%.
  • Cumulative revenue for first half (Upto Q2) FY25: Rs. 12,069 Crore versus Rs. 10,129 Crore in H1 FY24.
  • Order inflow in Q2 FY25: Power Sector Rs. 38,323 Crore, Industry Sector Rs. 2,630 Crore, Export Rs. 134 Crore.
  • Outstanding order book stands over Rs. 1,60,000 Crore as of 30.09.2024.

Profitability & Margins

EBITDA for Q2 FY25: Rs. 393 Crore, up from Rs. 43 Crore in Q2 FY24

Locked: what Bharat Heavy Electricals Ltd said on margins

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Capital Expenditure Plans

It focuses on: - Order book highlights including EPC packages for new power plants (e.g., 2x800 MW Koderma Phase-II, 1x800 MW Sipat Stage-III) - Completion and commissioning milestones of existing projects (e.g., synchronization of 660 MW Panki STPS, commissioning of 45 MW STG at Real Ispat)

2 more points from Bharat Heavy Electricals Ltd's call on capex

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Top-ranked in Electrical Equipment

Ranked on what management guided this quarter

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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

The financial data shared focuses on revenue, EBITDA, profit, order books, receivables, operations,…

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Order Book & Pipeline

  • Outstanding order book as on 30-09-2024: Over Rs. 1,60,000 Crore
  • Power sector: Rs. 1,25,984 Crore (79%)
  • Industry sector: Rs. 30,682 Crore (19%)
  • Export sector: Rs. 3,763 Crore (2%)
  • Order inflow up to Q2FY25: Rs. 41,087 Crore
  • For Q2FY25 alone, sector-wise order receipts:
  • Power Sector: Rs. 38,323 Crore
  • Industry Sector: Rs. 2,630 Crore

2 more points from Bharat Heavy Electricals Ltd's call on order book

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Bharat Heavy Electricals Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Bharat Heavy Electricals Ltd Q2 FY25 results — key figures

Bharat Heavy Electricals Ltd Q2 FY25 reported results vs Q2 FY24, ₹ crore
₹ CrQ2 FY25Q2 FY24YoYQ1 FY25QoQ
Revenue6,5845,125+28.5%5,485+20%
Operating profit (EBITDA)275-154—-169—
Operating margin4%-3%+7 pp-3%+7 pp
Profit before tax141-202—-279—
Net profit (PAT)106-63—-211—
EPS (₹)0.30-0.18—-0.61—

Source: reported quarterly figures (Screener), ₹ crore.

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹12.3K Cr, net profit ₹1.3K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

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Frequently Asked Questions

What were Bharat Heavy Electricals Ltd Q2 FY25 results?

Revenue from Operations for Q2 FY25: Rs. 6,584 Crore, up from Rs. 5,125 Crore in Q2 FY24, showing a growth of approximately 28.5%. EBITDA for Q2 FY25: Rs. 393 Crore, up from Rs. 43 Crore in Q2 FY24.

What is Bharat Heavy Electricals Ltd share price analysis?

Bharat Heavy Electricals Ltd currently shows a neutral. The stock trades at a P/E of 63.0 with a market cap of ₹153,176 Cr. Investors should review the full earnings analysis for detailed insights.

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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.