BHEL Q1 FY27 results at a glance
BHEL Q1 FY27 key results metrics| Quarter | Q1 FY27 |
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| Quarter ended | 30 Jun 2026 |
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| Revenue | ₹7,698 cr |
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| Revenue YoY | +40.3% |
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| Operating profit | ₹422 cr |
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| Operating margin | 5.5% |
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| Net profit | ₹377 cr |
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| Net profit YoY | +182.7% |
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| Net profit QoQ | -70.8% |
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| Net margin | 4.9% |
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| Basic EPS | ₹1.08 |
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| TTM revenue | ₹33,968 cr |
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| TTM net profit | ₹1,602 cr |
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| TTM net margin | 4.7% |
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BHEL Q1 FY27 results: what the numbers say
BHEL (BHEL) has reported its Q1 FY27 results for the quarter ended 2026-06-30. The company posted revenue of ₹7,698 cr and a net profit of ₹377 cr, translating into earnings per share of ₹1.08.
Compared with the same quarter a year earlier, revenue grew strongly by +40.3% and net profit grew sharply by +182.7%. Profit rising faster than revenue points to better cost control or operating leverage flowing through the P&L.
Operating profit for the quarter stood at ₹422 cr, an operating margin of 5.5% versus -11.1% a year ago — a gain of 16.6 percentage points.
BHEL quarter-wise results table
Revenue
₹7,698 cr
+40.3% YoY
Net profit
₹377 cr
+182.7% YoY
Operating profit
₹422 cr
+169.0% YoY
BHEL (BHEL) quarter-wise results — revenue, operating profit, net profit, margins, EPS and growth| Quarter | Revenue | Operating profit | Net profit | OPM | Net margin | EPS | Profit YoY | Profit QoQ |
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| Q1 FY272026-06-30 | ₹7,698 cr | ₹422 cr | ₹377 cr | 5.5% | 4.9% | ₹1.08 | +182.7% | -70.8% |
| Q4 FY262026-03-31 | ₹12,310 cr | ₹1,665 cr | ₹1,290 cr | 13.5% | 10.5% | ₹3.71 | +155.8% | +230.6% |
| Q3 FY262025-12-31 | ₹8,473 cr | ₹467 cr | ₹390 cr | 5.5% | 4.6% | ₹1.12 | — | +185.7% |
| Q1 FY262025-06-30 | ₹5,487 cr | -₹612 cr | -₹456 cr | -11.1% | -8.3% | ₹-1.31 | — | -190.3% |
| Q4 FY252025-03-31 | ₹8,993 cr | ₹747 cr | ₹504 cr | 8.3% | 5.6% | ₹1.45 | — | — |
| TTM (last 4 quarters) | ₹33,968 cr | ₹1,943 cr | ₹1,602 cr | 5.7% | 4.7% | ₹4.60 | — | — |
Consolidated figures as reported to the exchanges, shown in ₹ crore. OPM = operating profit margin. Updated automatically whenever a new quarter is filed.
BHEL quarterly income statement
Line-item results for the last six quarters as filed — sales, expenses, operating profit, interest, tax and profit after tax in ₹ crore.
BHEL quarterly income statement| Particulars | Q1 FY272026-06-30 | Q4 FY262026-03-31 | Q3 FY262025-12-31 | Q1 FY262025-06-30 | Q4 FY252025-03-31 |
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| Revenue / Sales | ₹7,698 cr | ₹12,310 cr | ₹8,473 cr | ₹5,487 cr | ₹8,993 cr |
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| Total expenses | ₹7,276 cr | ₹10,645 cr | ₹8,006 cr | ₹6,099 cr | ₹8,247 cr |
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| Gross profit | ₹2,401 cr | ₹4,290 cr | ₹2,611 cr | ₹1,600 cr | ₹3,040 cr |
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| Operating profit (EBIT) | ₹422 cr | ₹1,665 cr | ₹467 cr | -₹612 cr | ₹747 cr |
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| Operating margin | 5.5% | 13.5% | 5.5% | -11.1% | 8.3% |
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| Interest cost | ₹140 cr | ₹198 cr | ₹182 cr | ₹181 cr | ₹201 cr |
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| Profit before tax | ₹508 cr | ₹1,728 cr | ₹520 cr | -₹608 cr | ₹704 cr |
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| Tax expense | ₹131 cr | ₹437 cr | ₹129 cr | -₹153 cr | ₹200 cr |
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| Effective tax rate | 25.8% | 25.3% | 24.9% | 25.1% | 28.4% |
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| Net profit (PAT) | ₹377 cr | ₹1,290 cr | ₹390 cr | -₹456 cr | ₹504 cr |
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| Net profit margin | 4.9% | 10.5% | 4.6% | -8.3% | 5.6% |
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| Basic EPS | ₹1.08 | ₹3.71 | ₹1.12 | ₹-1.31 | ₹1.45 |
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| Diluted EPS | ₹1.08 | ₹3.71 | ₹1.12 | ₹-1.31 | ₹1.45 |
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BHEL results growth — YoY and QoQ
Quarterly growth rates, year on year and quarter on quarter| Growth | Q1 FY27 | Q4 FY26 | Q3 FY26 | Q1 FY26 | Q4 FY25 |
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| Revenue YoY | +40.3% | +36.9% | — | — | — |
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| Revenue QoQ | -37.5% | +45.3% | +54.4% | -39.0% | — |
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| Operating profit YoY | +169.0% | +123.0% | — | — | — |
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| Operating profit QoQ | -74.7% | +256.3% | +176.4% | -181.9% | — |
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| Net profit YoY | +182.7% | +155.8% | — | — | — |
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| Net profit QoQ | -70.8% | +230.6% | +185.7% | -190.3% | — |
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| EPS YoY | +182.4% | +155.9% | — | — | — |
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| EPS QoQ | -70.9% | +231.2% | +185.5% | -190.3% | — |
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BHEL annual results history
Full-year performance for BHEL, useful for reading each quarter in context.
BHEL annual income statement| Particulars | FY262026-03-31 | FY252025-03-31 | FY242024-03-31 | FY232023-03-31 |
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| Revenue / Sales | ₹32,360 cr | ₹27,355 cr | ₹22,921 cr | ₹22,136 cr |
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| Total expenses | ₹30,757 cr | ₹26,547 cr | ₹22,741 cr | ₹22,040 cr |
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| Gross profit | ₹9,377 cr | ₹8,510 cr | ₹6,113 cr | ₹5,836 cr |
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| Operating profit (EBIT) | ₹1,603 cr | ₹808 cr | ₹180 cr | ₹96.5 cr |
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| Operating margin | 5.0% | 3.0% | 0.8% | 0.4% |
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| Interest cost | ₹756 cr | ₹748 cr | ₹731 cr | ₹521 cr |
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| Profit before tax | ₹2,139 cr | ₹746 cr | ₹243 cr | ₹716 cr |
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| Tax expense | ₹538 cr | ₹212 cr | -₹39.56 cr | ₹61.49 cr |
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| Effective tax rate | 25.2% | 28.4% | -16.3% | 8.6% |
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| Net profit (PAT) | ₹1,600 cr | ₹534 cr | ₹282 cr | ₹637 cr |
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| Net profit margin | 4.9% | 2.0% | 1.2% | 2.9% |
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| Basic EPS | ₹4.60 | ₹1.53 | ₹0.81 | ₹1.88 |
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| Diluted EPS | ₹4.60 | ₹1.53 | ₹0.81 | ₹1.88 |
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Revenue trend and demand read-through
Topline for Q1 FY27 came in at ₹7,698 cr against ₹5,487 cr in Q1 FY26, and ₹12,310 cr in the preceding Q4 FY26 quarter.
On a sequential basis revenue declined -37.5%. Sequential moves are the quickest read on demand momentum because they strip out the base effect of a year-old quarter, though seasonality can distort a single quarter.
Total expenses for the quarter were ₹7,276 cr, or 94.5% of revenue, with operating profit grew +169.0% year on year.
Margins, tax and profitability
Net profit of ₹377 cr works out to a net margin of 4.9% compared with -8.3% in the year-ago quarter. Margin expansion of this kind usually reflects a better product or service mix, softer input costs, or tighter overheads.
Below the operating line, BHEL reported profit before tax of ₹508 cr, a tax charge of ₹131 cr (effective rate 25.8%), interest cost of ₹140 cr. Reading these together with operating profit shows how much of the quarter's earnings were driven by the core business versus financing and tax movements.
Sequentially, net profit moved from ₹1,290 cr in Q4 FY26 to ₹377 cr in Q1 FY27, a change of -70.8%.
Trailing twelve months and annual context
Across the trailing four quarters BHEL has generated revenue of ₹33,968 cr and net profit of ₹1,602 cr, a trailing net margin of 4.7%. The trailing view smooths out one-off quarters and is the number most valuation multiples are built on.
On a full-year basis, FY26 revenue was ₹32,360 cr with net profit of ₹1,600 cr and EPS of ₹4.60, versus the prior year where revenue grew +18.3% and profit grew +199.7%.
What to watch in the next BHEL quarter
For the coming quarters the numbers worth tracking on this page are revenue momentum, the operating margin trend, the interest burden and whether EPS keeps pace with profit growth. A sustained run of year-on-year profit growth is what usually drives a re-rating rather than any single quarter.
BHEL has not yet intimated its next results date to the exchange. This page refreshes automatically from filings and the board-meeting calendar, so the tables above will reflect the next quarter as soon as it is reported.
All figures here are as reported to the exchanges and shown in ₹ crore, without adjustment. This is information and analysis, not investment advice.
BHEL results coverage
No results report published for BHEL yet — our desk covers each quarter within minutes of the filing.
BHEL quarterly results FAQs
What were BHEL (BHEL) Q1 FY27 results?
In Q1 FY27 (quarter ended 30 Jun 2026), BHEL reported revenue of ₹7,698 cr and net profit of ₹377 cr, a change of +182.7% year on year on +40.3% revenue growth. EPS stood at ₹1.08.
What is BHEL profit margin in Q1 FY27?
BHEL posted a net profit margin of 4.9% and an operating margin of 5.5% in Q1 FY27. On a trailing twelve-month basis, revenue is ₹33,968 cr and net profit ₹1,602 cr.
Did BHEL results beat the previous quarter?
BHEL net profit changed -70.8% quarter on quarter, from ₹1,290 cr in Q4 FY26 to ₹377 cr in Q1 FY27.
When are BHEL (BHEL) quarterly results?
BHEL has not yet intimated its next results date to the exchange. This page updates automatically from the exchange board-meeting calendar.
Where can I see BHEL latest quarterly results?
Results coverage for BHEL will appear here as soon as the company reports. Meanwhile you can track live price and technicals on the BHEL stock page.
What is BHEL annual revenue and profit?
For FY26, BHEL reported full-year revenue of ₹32,360 cr and net profit of ₹1,600 cr, with EPS of ₹4.60.
How many quarterly results has BHEL declared recently?
Past results dates for BHEL will be listed here from the exchange calendar.
Results dates sourced from the exchange board-meeting calendar; reported figures from company filings, last refreshed 12 Sept 2026. For information only, not investment advice.
