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 Q3 FY23.
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Bharat Heavy Electricals Ltd

Q3 FY23Electrical Equipment

Bharat Heavy Electricals Q3 FY23: Revenue ₹5,263 Cr, PAT ₹31 Cr

Q3 FY23 investor presentation: what the company reported on revenue, margins and capex.

Based on Bharat Heavy Electricals Ltd's Q3 FY23 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 Q3 FY23: Rs 5,263 crore, up from Rs 5,136 crore in Q3 FY22. EBITDA for Q3 FY23: Rs 243 crore, up from Rs 180 crore in Q3 FY22.

From Bharat Heavy Electricals Ltd's Q3 FY23 earnings-call transcript · updated 24 Sept 2026.

Revenue & Sales Performance

  • Revenue from Operations for Q3 FY23: Rs 5,263 crore, up from Rs 5,136 crore in Q3 FY22.
  • Turnover for Q3 FY23: Rs 4,939 crore, slightly up from Rs 4,919 crore in Q3 FY22.
  • The presentation notes a buoyant business environment with steady GDP growth and rising power demand.

Profitability & Margins

EBITDA for Q3 FY23: Rs 243 crore, up from Rs 180 crore in Q3 FY22.

Locked: what Bharat Heavy Electricals Ltd said on margins

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Capital Expenditure Plans

It mainly highlights: - Synchronization and full load achievement of power units at existing projects (e.g., North Karanpura Thermal Power Project, Maitree STPP Bangladesh). - Completion of commissioning of a 100 MW Raghanesda Solar Photovoltaic Plant. - Technology license agreement with Sumitomo SHI FW, Finland, for CFBC boilers enhancing product capabilities.

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

Guidance-ranked
Rev 1Mar 1
Rev 1Mar 2
3
Rev 1Mar 2
4
Rev 1Mar 2
5
Rev 1Mar 2
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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 performance section (Page 3) only provides figures on turnover, revenue, EBITDA, and profits.

Locked: what Bharat Heavy Electricals Ltd said on fundraising

Also locked on this page: margins

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Order Book & Pipeline

  • Order Book (including taxes) as of Q3FY23: Rs 17,839 Crore (Received up to Q3FY23)
  • Power: Rs 12,826 Crore
  • Industry: Rs 4,757 Crore
  • Exports: Rs 256 Crore
  • Total Outstanding Orders as on 31.12.2022: Rs 1,03,694 Crore
  • Power: Rs 86,127 Crore (83%)
  • Industry: Rs 13,009 Crore (13%)
  • Exports: Rs 4,558 Crore (4%)
  • Prominent Orders Received in Q3FY23 include:
  • Supply of TG Rotor for thermal power plant, E&M spares and R&M of Generator Rotor for hydro plants
  • Upgradation of HMI with cybersecurity features for thermal power plants
  • Supply of 112 main transformers for WAG‐9 locomotives, IGBT-based propulsion equipment, traction motors, Diesel Electric Tower Cars
  • 400/220 kV GIS Substation and 400 kV bay extension turnkey project

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

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 →

Others in Electrical Equipment this season

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    Q3FY23 Total Income: ₹782 million, down from ₹742 million in Q3FY22 (YoY increase of ~5.4%). Key concall takeaways from Modison Ltd's Q3 FY23 earnings call…

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Frequently Asked Questions

What were Bharat Heavy Electricals Ltd Q3 FY23 results?

Revenue from Operations for Q3 FY23: Rs 5,263 crore, up from Rs 5,136 crore in Q3 FY22. EBITDA for Q3 FY23: Rs 243 crore, up from Rs 180 crore in Q3 FY22.

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.