BHEL Q2 Results: Net profit skyrockets 120% YoY to Rs 810 crore; revenue rises 24%

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Revenue from operations rose 23.8% YoY to Rs 9,300 crore, up from Rs 7,511 crore a year ago, reflecting strong growth in the company’s topline.

Operating performance also witnessed a sharp improvement, with Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) surging 76.6% YoY to Rs 1,026 crore from Rs 581 crore in the year-ago quarter. EBITDA margin expanded to 11%, compared with 7.7% in the corresponding period last year, indicating improved operating profitability.

Meanwhile, other expenses rose to Rs 721 crore from Rs 391 crore in the previous quarter, marking a sequential increase.

Separately, BHEL said its board had approved a capital investment proposal of approximately Rs 500 crore to set up additional manufacturing facilities for thermal and nuclear sets at its Heavy Electrical Equipment Plant (HEEP) in Haridwar.

The board also approved the merger of the Electrical Machines Repair Plant (EMRP) in Mumbai and the Electronics Division (EDN) in Bengaluru into a single unit, with EDN designated as the merged unit effective November 1, 2026.

Following the results announcement, BHEL shares rallied 4.72% to hit an intraday high of Rs 463.25 apiece on the NSE, against the previous close of Rs 442.35. The stock subsequently pared some of its gains but continued to trade higher. At 2 PM, BHEL shares were trading at Rs 459.10, up 3.79% from the previous close.

The PSU stock has delivered strong returns so far in 2026, gaining 58.16% year-to-date (YTD), according to NSE data.

At the current market price, BHEL's total market capitalisation stood at Rs 1,59,757 crore on the NSE.