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Financial

BHEL Q3 Profit Jumps 206% to ₹382 Cr; Revenue Up 16% on Strong Order Execution

BHEL reports Q3 FY26 net profit of ₹382 cr, up 206% YoY. Revenue rises 16% to ₹8,473 cr. Auditor flags ₹211 cr Sudan receivables & Labour Code impact.
BHEL Q3 Profit Jumps 206% to ₹382 Cr; Revenue Up 16% on Strong Order Execution

New Delhi, January 19, 2026: State-owned engineering and manufacturing giant Bharat Heavy Electricals Limited (BHEL) reported a robust performance for the quarter ended December 31, 2025 (Q3 FY26), with standalone net profit soaring 206.5% year-on-year to ₹382.49 crore.

The company's revenue from operations grew 16.4% to ₹8,473.10 crore, compared to ₹7,277.09 crore in the same quarter last year, driven by growth across its Power and Industry segments.

Key Financial Highlights (Q3 FY26 vs Q3 FY25):

  • Standalone Net Profit: ₹382.49 crore (vs ₹124.77 crore) – Up 206.5%

  • Revenue from Operations: ₹8,473.10 crore (vs ₹7,277.09 crore) – Up 16.4%

  • Profit Before Tax (PBT): ₹511.92 crore (vs ₹168.82 crore) – Up 203.2%

  • Earnings Per Share (EPS): ₹1.10 (not annualized) vs ₹0.36 last year.

Segment-wise Performance:

  • Power Segment: Revenue of ₹6,322.36 crore; Profit of ₹497.58 crore.

  • Industry Segment: Revenue of ₹2,150.74 crore; Profit of ₹424.16 crore.

 

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Auditor's Emphasis & Notes:

The statutory auditor's review report highlighted two key points:

  1. The company has not provided for an overdue amount of ₹211 crore (USD 25.5 million) from a customer in Sudan (STPG, formerly NEC Sudan), stuck due to the civil war. A provision would impact PBT by ₹211 crore.

  2. The potential financial impact of the newly notified Labour Codes is yet to be fully evaluated, pending final rules from the government.

Nine-Month Performance (9M FY26):

For the nine months ended December 2025, BHEL reported a standalone net profit of ₹295.27 crore, a massive turnaround from ₹8.92 crore in the same period last year. Revenue stood at ₹21,471.81 crore.

The results were approved by the Board of Directors in a meeting held today, January 19, 2026.

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