New Delhi : Bharat Heavy Electricals Limited (BHEL), a leading public sector engineering and manufacturing company, has reported a strong financial performance for the second quarter and first half of the financial year 2026–27, registering significant growth in revenue and profitability.
The company’s standalone net profit for the quarter ended September 30, 2026, increased by 120% year-on-year to ₹810 crore, compared with ₹368 crore in the corresponding quarter of the previous financial year. Revenue from operations rose 24% to ₹9,300 crore from ₹7,512 crore in Q2 FY26.
The results reflect substantial growth in earnings, supported by improved operational performance, better execution of projects and increased business activity across the company’s operating segments.
Q2 FY27 Financial Performance
BHEL recorded growth across its key financial indicators during the July–September 2026 quarter.
- Revenue from Operations: ₹9,300 crore, up 24% year-on-year from ₹7,512 crore.
- Profit Before Tax (PBT): ₹1,078 crore, registering a 119% increase from ₹492 crore.
- Net Profit: ₹810 crore, up 120% from ₹368 crore in Q2 FY26.
- Earnings Per Share (EPS): ₹2.33.
The substantial increase in profit indicates a strong improvement in the company’s quarterly earnings compared with the corresponding period last year.
Profit before tax also registered significant growth, rising from ₹492 crore to ₹1,078 crore, reflecting improved profitability during the quarter.
H1 FY27 Net Profit Reaches ₹1,192 Crore
BHEL delivered an even more notable turnaround in its financial performance during the first half of FY27, covering April to September 2026.
Revenue from operations increased 31% year-on-year to ₹16,998 crore, compared with ₹12,999 crore during the corresponding period of FY26.
The company reported a profit before tax of ₹1,591 crore for H1 FY27, against a loss before tax of ₹115 crore in the first half of the previous financial year.
Similarly, net profit stood at ₹1,192 crore, compared with a net loss of ₹87 crore in H1 FY26.
The company’s half-year earnings per share stood at ₹3.42.
H1 FY27 Financial Highlights
- Revenue from Operations: ₹16,998 crore, up 31% year-on-year.
- Profit Before Tax: ₹1,591 crore, compared with a loss of ₹115 crore.
- Net Profit: ₹1,192 crore, compared with a loss of ₹87 crore.
- Earnings Per Share: ₹3.42.
The return to profitability on a half-year basis marks a significant improvement over the previous year’s performance and highlights the company’s stronger earnings momentum in FY27.
Power Segment Leads Revenue Contribution
BHEL’s Power and Industry segments continued to contribute to its overall business performance during the first half of FY27.
The Power segment generated revenue of ₹12,557 crore, making it the company’s largest revenue contributor during the six-month period.
The Industry segment recorded revenue of ₹4,441 crore.
The segment-wise figures underline the importance of BHEL’s power-sector business, alongside its diversified industrial operations, in driving revenue growth.
The company’s operations span engineering, manufacturing, supply and execution activities for power generation and various industrial applications.
Improved Execution and Operational Efficiency Support Growth
BHEL’s strong quarterly and half-year results reflect improved project execution, higher order offtake and better operational efficiency across its business segments, according to the information accompanying the financial results.
As a major public sector engineering enterprise, BHEL plays an important role in India’s power infrastructure and industrial development. Its business performance is closely linked to project execution, equipment deliveries, customer requirements and activity in the power and industrial sectors.
The growth in revenue, combined with the sharp improvement in profitability, points to stronger financial performance during the first six months of FY27.
Board Approves Financial Results
The Board of Directors of Bharat Heavy Electricals Limited approved the company’s unaudited standalone and consolidated financial results at its meeting held on October 14, 2026.
The reported figures highlight BHEL’s improved financial performance in Q2 FY27 and its turnaround to profitability during the first half of the financial year.
With quarterly net profit rising 120% and half-year revenue growing 31%, BHEL has reported a strong start to FY27 in financial terms. Sustaining this momentum will depend on continued project execution, revenue growth and operational efficiency in the coming quarters.
