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 Q4 FY25.
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Bharat Heavy Electricals Ltd

Q4 FY25Electrical Equipment

Bharat Heavy Electricals Q4 FY25 earnings call: Revenue & Margins

Q4 FY25 investor presentation: what the company reported on revenue, margins and capex.

Revenue
₹8,993Cr
+8.9% YoY
+23.6% QoQ
Net profit
₹504Cr
+2.9% YoY
+273.3% QoQ
Margin
9%
0 pp YoY
+5 pp QoQ

Bharat Heavy Electricals Ltd Q4 FY25 key numbers

Revenue
Year-on-year growth in quarterly revenue: approx. 8.9% (8993 vs. 8260 Crore).

As stated in Bharat Heavy Electricals Ltd's Q4 FY25 investor presentation · published 24 Sept 2026. Reported figures, not investment advice.

Based on Bharat Heavy Electricals Ltd's Q4 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 Q4 FY25: Rs. 8,993 Crore. EBITDA for Q4 FY25: Rs. 990 Crore, up from Rs. 893 Crore in Q4 FY24 (approx. 10.8% YoY increase).

From Bharat Heavy Electricals Ltd's Q4 FY25 earnings-call transcript · updated 24 Sept 2026.

Revenue & Sales Performance

  • Revenue from Operations for Q4 FY25: Rs. 8,993 Crore
  • Revenue from Operations for Q4 FY24: Rs. 8,260 Crore
  • Year-on-year growth in quarterly revenue: approx. 8.9% (8993 vs. 8260 Crore)
  • Registered Revenue from Operations for FY25: Rs. 28,339 Crore
  • Registered Revenue from Operations for FY24: Rs. 23,893 Crore

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

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Profitability & Margins

EBITDA for Q4 FY25: Rs. 990 Crore, up from Rs. 893 Crore in Q4 FY24 (approx. 10.8% YoY increase).

Locked: what Bharat Heavy Electricals Ltd said on margins

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Capital Expenditure Plans

  • Capacity Additions commissioned/synchronized in Q4 FY2024-25:
  • 660 MW Unit #1, Khurja TPS (TG Package)
  • 800 MW Unit #2, Yadadri TPS (5x800 MW)
  • 660 MW Unit #6, Bhusawal TPS, MAHAGENCO
  • 660 MW Panki TPS, UPRVUNL
  • 100 MW (3x33.33 MW) Units #1,2,3, Uhl Hydro-Electric Plant
  • 600 MW (3x200 MW) Units #1,2,3, Parbati-II HEP
  • 370 MW (235 MW GT & 135 MW STG), Yelahanka CCPP
  • Full Load achieved for:
  • 800 MW Unit #1, Yadadri TPS, Telangana
  • 660 MW Unit #3, North Karanpura TPS, NTPC
  • 170 MW Unit #3, Punatsangchhu-II HEP, Bhutan
  • Synchronizations:
  • 800 MW Unit #1, Patratu TPS, NTPC Ltd.
  • 700 MWe Unit #7, Rajasthan Atomic Power Project, NPCIL
  • 130 MW Units #1,2 Steam Turbine & Generator, Rungta Mines Ltd.

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

See what Bharat Heavy Electricals Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

  • Highest ever yearly order booking: Rs. 1,96,328 Crore
  • Order book outstanding as on 31-03-2025: Rs. 1,96,328 Crore (net of taxes)
  • FY25 order inflow: Rs. 92,535 Crore
  • Q4FY25 order inflow: Rs. 44,588 Crore
  • Order inflow split (FY25):
  • Power sector: Rs. 81,349 Crore (80%)
  • Industry sector: Rs. 21,951 Crore (18%)

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 Q4 FY25 results — key figures

Bharat Heavy Electricals Ltd Q4 FY25 reported results vs Q4 FY24, ₹ crore
₹ CrQ4 FY25Q4 FY24YoYQ3 FY25QoQ
Revenue8,9938,260+8.9%7,277+23.6%
Operating profit (EBITDA)832728+14.3%304+173.7%
Operating margin9%9%0 pp4%+5 pp
Profit before tax704636+10.7%179+293.3%
Net profit (PAT)504490+2.9%135+273.3%
EPS (₹)1.451.41+2.8%0.39+271.8%

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 Q4 FY25 results?

Revenue from Operations for Q4 FY25: Rs. 8,993 Crore. EBITDA for Q4 FY25: Rs. 990 Crore, up from Rs. 893 Crore in Q4 FY24 (approx. 10.8% YoY increase).

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.