Bharat Heavy Electricals · NSE: BHEL · BSE: 500103

Q2 FY26 results · Jul–Sep 2025

Bharat Heavy Electricals reported revenue from operations of ₹7,511.80 crore (up 14.1% from Q2 FY25) and net profit of ₹374.89 crore (up 253.2% from Q2 FY25) for Q2 FY26 (Jul–Sep 2025), on a consolidated basis.

Consolidated · ₹ crore
Item	Q2 FY26	Q2 FY25	YoY	Q1 FY26	QoQ
Revenue from operations	7,511.80	6,584.10	+14.1%	5,486.91	+36.9%
Other income	174.61	111.27	+56.9%	171.16	+2.0%
Total income	7,686.41	6,695.37	+14.8%	5,658.07	+35.8%
Profit before share of associates & JVs and tax	484.87	124.80	+288.5%	(621.71)	Turned profit
Share of profit/(loss) of associates & JVs	14.36	16.62		13.67
Net profit for the period	374.89	106.15	+253.2%	(455.50)	Turned profit
EPS, basic (₹)	1.08	0.30	+260.0%	(1.31)	Turned profit
Net margin (%)	5.0	1.6		-8.3

This company reports a share of profit/(loss) from associates and joint ventures. BSE’s filing format records that share after tax, so it is shown on its own line. The company’s own statement may add it before its “profit before tax” line.

Standalone · ₹ crore
Item	Q2 FY26	Q2 FY25	YoY	Q1 FY26	QoQ
Revenue from operations	7,511.80	6,584.10	+14.1%	5,486.91	+36.9%
Other income	181.75	118.41	+53.5%	185.44	−2.0%
Total income	7,693.55	6,702.51	+14.8%	5,672.35	+35.6%
Profit before tax	492.01	131.94	+272.9%	(607.43)	Turned profit
Net profit for the period	367.67	96.67	+280.3%	(454.89)	Turned profit
EPS, basic (₹)	1.06	0.28	+278.6%	(1.31)	Turned profit
Net margin (%)	4.9	1.5		-8.3

Consolidated

Filed with BSE: 29 Oct 2025, 17:30 IST
Board meeting: 29 Oct 2025
Period: 01 Jul 2025 to 30 Sep 2025
Review status: Unaudited
Source: XBRL filing on BSE

Standalone

Filed with BSE: 29 Oct 2025, 17:30 IST
Board meeting: 29 Oct 2025
Period: 01 Jul 2025 to 30 Sep 2025
Review status: Unaudited
Source: XBRL filing on BSE