Quarterly results · BHEL
BHEL reported revenue of ₹9,300 cr and net profit of ₹821 cr in Q2 FY27 (quarter ended 30 Sept 2026). Below is the full quarter-wise results table with revenue, operating profit, margins, tax, EPS and annual history — updated when Yahoo Finance publishes updated financial statements; exchange filings can appear earlier.
| Quarter | Q2 FY27 |
|---|---|
| Quarter ended | 30 Sept 2026 |
| Revenue | ₹9,300 cr |
| Revenue YoY | — |
| Operating profit | ₹943 cr |
| Operating margin | 10.1% |
| Net profit | ₹821 cr |
| Net profit YoY | — |
| Net profit QoQ | +117.9% |
| Net margin | 8.8% |
| Basic EPS | ₹2.36 |
| TTM revenue | ₹37,782 cr |
| TTM net profit | ₹2,879 cr |
| TTM net margin | 7.6% |
BHEL (BHEL) has reported its Q2 FY27 results for the quarter ended 2026-09-30. The company posted revenue of ₹9,300 cr and a net profit of ₹821 cr, translating into earnings per share of ₹2.36.
Operating profit for the quarter stood at ₹943 cr, an operating margin of 10.1%.
Revenue
₹9,300 cr
— YoY
Net profit
₹821 cr
— YoY
Operating profit
₹943 cr
— YoY
EPS
₹2.36
— YoY
| Quarter | Revenue | Operating profit | Net profit | OPM | Net margin | EPS | Profit YoY | Profit QoQ |
|---|---|---|---|---|---|---|---|---|
| Q2 FY272026-09-30 | ₹9,300 cr | ₹943 cr | ₹821 cr | 10.1% | 8.8% | ₹2.36 | — | +117.9% |
| 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 | — | +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 | — | — |
| TTM (last 4 quarters) | ₹37,782 cr | ₹3,497 cr | ₹2,879 cr | 9.3% | 7.6% | ₹8.27 | — | — |
Consolidated figures as reported to the exchanges, shown in ₹ crore. OPM = operating profit margin. Updated automatically whenever a new quarter is filed.
Line-item results for the last six quarters as filed — sales, expenses, operating profit, interest, tax and profit after tax in ₹ crore.
| Particulars | Q2 FY272026-09-30 | Q1 FY272026-06-30 | Q4 FY262026-03-31 | Q3 FY262025-12-31 | Q1 FY262025-06-30 |
|---|---|---|---|---|---|
| Revenue / Sales | ₹9,300 cr | ₹7,698 cr | ₹12,310 cr | ₹8,473 cr | ₹5,487 cr |
| Total expenses | ₹8,358 cr | ₹7,276 cr | ₹10,645 cr | ₹8,006 cr | ₹6,099 cr |
| Gross profit | ₹3,399 cr | ₹2,401 cr | ₹4,290 cr | ₹2,611 cr | ₹1,600 cr |
| Operating profit (EBIT) | ₹943 cr | ₹422 cr | ₹1,665 cr | ₹467 cr | -₹612 cr |
| Operating margin | 10.1% | 5.5% | 13.5% | 5.5% | -11.1% |
| Interest cost | ₹125 cr | ₹140 cr | ₹198 cr | ₹182 cr | ₹181 cr |
| Profit before tax | ₹1,089 cr | ₹508 cr | ₹1,728 cr | ₹520 cr | -₹608 cr |
| Tax expense | ₹268 cr | ₹131 cr | ₹437 cr | ₹129 cr | -₹153 cr |
| Effective tax rate | 24.6% | 25.8% | 25.3% | 24.9% | 25.1% |
| Net profit (PAT) | ₹821 cr | ₹377 cr | ₹1,290 cr | ₹390 cr | -₹456 cr |
| Net profit margin | 8.8% | 4.9% | 10.5% | 4.6% | -8.3% |
| Basic EPS | ₹2.36 | ₹1.08 | ₹3.71 | ₹1.12 | ₹-1.31 |
| Diluted EPS | ₹2.36 | ₹1.08 | ₹3.71 | ₹1.12 | ₹-1.31 |
| Growth | Q2 FY27 | Q1 FY27 | Q4 FY26 | Q3 FY26 | Q1 FY26 |
|---|---|---|---|---|---|
| Revenue YoY | — | +40.3% | — | — | — |
| Revenue QoQ | +20.8% | -37.5% | +45.3% | +54.4% | — |
| Operating profit YoY | — | +169.0% | — | — | — |
| Operating profit QoQ | +123.4% | -74.7% | +256.3% | +176.4% | — |
| Net profit YoY | — | +182.7% | — | — | — |
| Net profit QoQ | +117.9% | -70.8% | +230.6% | +185.7% | — |
| EPS YoY | — | +182.4% | — | — | — |
| EPS QoQ | +118.5% | -70.9% | +231.2% | +185.5% | — |
Full-year performance for BHEL, useful for reading each quarter in context.
| Particulars | FY262026-03-31 | FY252025-03-31 | FY242024-03-31 | FY232023-03-31 |
|---|---|---|---|---|
| Revenue / Sales | ₹32,360 cr | ₹27,355 cr | ₹22,921 cr | ₹22,136 cr |
| Total expenses | ₹30,757 cr | ₹26,547 cr | ₹22,741 cr | ₹22,040 cr |
| Gross profit | ₹9,377 cr | ₹8,510 cr | ₹6,113 cr | ₹5,836 cr |
| Operating profit (EBIT) | ₹1,603 cr | ₹808 cr | ₹180 cr | ₹96.5 cr |
| Operating margin | 5.0% | 3.0% | 0.8% | 0.4% |
| Interest cost | ₹756 cr | ₹748 cr | ₹731 cr | ₹521 cr |
| Profit before tax | ₹2,139 cr | ₹746 cr | ₹243 cr | ₹716 cr |
| Tax expense | ₹538 cr | ₹212 cr | -₹39.56 cr | ₹61.49 cr |
| Effective tax rate | 25.2% | 28.4% | -16.3% | 8.6% |
| Net profit (PAT) | ₹1,600 cr | ₹534 cr | ₹282 cr | ₹637 cr |
| Net profit margin | 4.9% | 2.0% | 1.2% | 2.9% |
| Basic EPS | ₹4.60 | ₹1.53 | ₹0.81 | ₹1.88 |
| Diluted EPS | ₹4.60 | ₹1.53 | ₹0.81 | ₹1.88 |
Topline for Q2 FY27 came in at ₹9,300 cr, and ₹7,698 cr in the preceding Q1 FY27 quarter.
On a sequential basis revenue grew +20.8%. 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 ₹8,358 cr, or 89.9% of revenue.
Net profit of ₹821 cr works out to a net margin of 8.8%.
Below the operating line, BHEL reported profit before tax of ₹1,089 cr, a tax charge of ₹268 cr (effective rate 24.6%), interest cost of ₹125 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 ₹377 cr in Q1 FY27 to ₹821 cr in Q2 FY27, a change of +117.9%.
Across the trailing four quarters BHEL has generated revenue of ₹37,782 cr and net profit of ₹2,879 cr, a trailing net margin of 7.6%. 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%.
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 single weak quarter matters less than the direction over three to four consecutive quarters.
No next results date is available in the board-meeting calendar. Statement figures update when Yahoo Finance makes them available; this is not an immediate exchange-filing feed.
Financial figures here are supplied through Yahoo Finance fundamentals and shown in ₹ crore, without adjustment. This is information and analysis, not investment advice.
In Q2 FY27 (quarter ended 30 Sept 2026), BHEL reported revenue of ₹9,300 cr and net profit of ₹821 cr. EPS stood at ₹2.36.
BHEL posted a net profit margin of 8.8% and an operating margin of 10.1% in Q2 FY27. On a trailing twelve-month basis, revenue is ₹37,782 cr and net profit ₹2,879 cr.
BHEL net profit changed +117.9% quarter on quarter, from ₹377 cr in Q1 FY27 to ₹821 cr in Q2 FY27.
BHEL has not yet intimated its next results date to the exchange. This page updates automatically from the exchange board-meeting calendar.
Our latest BHEL results coverage — "Bharat Heavy Electricals Limited Q2 FY27 Results: Net Profit ₹821 cr, Revenue from operations ₹9,300 cr" — breaks down revenue, profit, margins and management commentary.
For FY26, BHEL reported full-year revenue of ₹32,360 cr and net profit of ₹1,600 cr, with EPS of ₹4.60.
Past results dates for BHEL will be listed here from the exchange calendar.
Results dates: NSE board-meeting calendar. Financial figures: Yahoo Finance fundamentals, not a direct exchange filing feed. Last successful data fetch 28 Oct 2026. Figures can be delayed; results change only when the provider publishes them. For information only, not investment advice.
