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 FY25.
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Bharat Heavy Electricals Ltd

Q3 FY25Electrical Equipment

Bharat Heavy Electricals Q3 FY25 earnings call: Revenue & Margins

Q3 FY25 investor presentation: what the company reported on revenue, margins and capex.

Revenue
₹7,277Cr
+32.2% YoY
+10.5% QoQ
Net profit
₹135Cr
+125% YoY
+27.4% QoQ
Margin
4%
0 pp YoY
0 pp QoQ

Based on Bharat Heavy Electricals Ltd's Q3 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 Q3 FY25: Rs. 7,277 Crore, up from Rs. 5,504 Crore in Q3 FY24, a year-on-year increase of Rs. 1,773 Crore. EBITDA for Q3 FY25 is Rs. 420 crore, up from Rs. 321 crore in Q3 FY24, a YoY increase of Rs. 99 crore.

From Bharat Heavy Electricals Ltd's Q3 FY25 earnings-call transcript · updated 24 Sept 2026.

Revenue & Sales Performance

  • Revenue from Operations for Q3 FY25: Rs. 7,277 Crore, up from Rs. 5,504 Crore in Q3 FY24, a year-on-year increase of Rs. 1,773 Crore.
  • Cumulative Revenue from Operations up to Q3 FY25: Rs. 19,346 Crore, compared to Rs. 15,633 Crore up to Q3 FY24.

Profitability & Margins

EBITDA for Q3 FY25 is Rs. 420 crore, up from Rs. 321 crore in Q3 FY24, a YoY increase of Rs. 99 crore.

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Capital Expenditure Plans

It references key operational and order book highlights indicating ongoing and upcoming projects: - New technology system for hydro turbine components coating deployed at Arun-3 HEP. - Order book includes major power sector projects totaling Rs. - Export orders and transmission system projects mentioned, but without capex or schedules.

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

There is no reference to any change in borrowings or net debt anywhere in the presentation.

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Order Book & Pipeline

  • Outstanding order book as of 31-12-2024 is approximately Rs. 1,60,157 Crore.
  • Sector-wise order book outstanding:
  • Power: Rs. 121,413 Crore (76%)
  • Industry: Rs. 35,063 Crore (22%)
  • Export: Rs. 3,682 Crore (2%)
  • Order inflow up to Q3 FY25 stands at Rs. 47,947 Crore.
  • Order inflow up to Q3 FY24 was Rs. 36,048 Crore.
  • Sector-wise order receipts up to Q3 FY25:
  • Power Sector: Rs. 39,464 Crore
  • Industry Sector: Rs. 8,328 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 Q3 FY25 results — key figures

Bharat Heavy Electricals Ltd Q3 FY25 reported results vs Q3 FY24, ₹ crore
₹ CrQ3 FY25Q3 FY24YoYQ2 FY25QoQ
Revenue7,2775,504+32.2%6,584+10.5%
Operating profit (EBITDA)304217+40.1%275+10.5%
Operating margin4%4%0 pp4%0 pp
Profit before tax17984+113.1%141+27%
Net profit (PAT)13560+125%106+27.4%
EPS (₹)0.390.17+129.4%0.30+30%

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 Q3 FY25 results?

Revenue from Operations for Q3 FY25: Rs. 7,277 Crore, up from Rs. 5,504 Crore in Q3 FY24, a year-on-year increase of Rs. 1,773 Crore. EBITDA for Q3 FY25 is Rs. 420 crore, up from Rs. 321 crore in Q3 FY24, a YoY increase of Rs. 99 crore.

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.