Synopsis: BHEL reported a 40.29% YoY revenue growth to ₹7,697.72 crore and returned to profitability with ₹376.71 crore profit, while the Power segment contributed 76.9% of total revenue.
This Large-Cap Stock, engaged in the design, engineering, manufacturing, construction, testing, commissioning, and servicing of power generation equipment, industrial systems, transmission solutions, transportation, defence, and renewable energy projects, jumped 5.46 percent after the company reported its June quarterly results. In this article, you’ll discover which segment is driving BHEL’s Rs. 7,698 crore revenue.
With a market capitalization of Rs. 1,53,297.84 crores, the share of Bharat Heavy Electricals Limited has reached an intraday high of Rs. 441 per equity share, rising nearly 5.46 percent from its previous day’s close price of Rs. 418.15. Since then, the stock has retreated and is currently trading at Rs. 440.25 per equity share.
Q1 FY27 Result Walkthrough
Coming into the quarterly results of Bharat Heavy Electricals Limited, the company’s consolidated revenue from operations increased by 40.29 percent YOY, from Rs. 5486.91 crore in Q1 FY26 to Rs. 7,697.72 crore in Q1 FY27, and decreased by 37.47 percent QoQ from Rs. 12,310.37 crore in Q4 FY26.
In Q1 FY27, Bharat Heavy Electricals Limited’s consolidated net profit has shifted from negative to positive, reaching a net profit of Rs. 376.71 crore compared to a net loss of Rs. 455.50 crore during the same period last year. As compared to Q4 FY26, the net profit has decreased by 70.81 percent, from Rs. 1,290.47 crore. The basic earnings per share decreased by 70.89 percent and stood at Rs. 1.08 as against Rs. 3.71 recorded in the previous quarter in the financial year 2025-26.
Segment Revenue
For the period ended June 2026, the company reported total segment revenue from operations of 7,697.72. The Power segment contributed 5,919.50, accounting for approximately 76.9 percent of the total revenue, making it the primary revenue driver.
The Industry segment contributed 1,778.22, representing approximately 23.1 percent of the total revenue. Overall, the company’s revenue is largely driven by the Power segment, while the Industry segment provides a significant supplementary contribution.
Order Book Details
Bharat Heavy Electricals Limited (BHEL) recorded a total order inflow of Rs. 75,916 crore in FY26, including Rs. 30,011 crore in Q4FY26, reflecting strong order wins across its core businesses. The company’s outstanding order book reached a record high of around Rs. 2.40 lakh crore as of 31 March 2026, providing strong revenue visibility for the coming years.
The order book is primarily driven by the Power segment, which accounts for 81 percent (Rs. 1,92,298 crore) of the total outstanding orders. The Industry segment contributes 18 percent (Rs. 43,397 crore), while Export orders account for the remaining 1 percent (Rs. 3,362 crore), highlighting BHEL’s dominant position in the domestic power sector.
Company Overview
Bharat Heavy Electricals Limited (BHEL) is India’s flagship engineering and manufacturing Central Public Sector Enterprise (CPSE), established in 1964. The company operates 15 manufacturing units and employs over 9,000 engineers, supported by an intellectual capital base of more than 6,060 professionals.
BHEL is a leading player in the Indian power sector, having supplied around 214 GW of power-generating equipment in India and overseas and commissioned over 1,000 utility sets. The company holds a 59 percent market share in the domestic nuclear power segment and 43 percent in hydro power equipment.
Beyond power, BHEL serves key sectors of the Indian economy by supplying over 850 locomotives, more than 8,40,000 MVA of transmission equipment, and has been a strategic supplier to the Indian Defence Forces for over five decades, highlighting its diversified engineering capabilities and strong national presence.
Annual Performance of FY26
Bharat Heavy Electricals Limited’s revenue has increased from Rs. 28,339 crore in FY25 to Rs. 33,782 crore in FY26, which has grown by 19.21 percent. The net profit has also grown by 199.63 percent from Rs. 534 crore in FY25 to Rs. 1,600 crore in FY26.
Bharat Heavy Electricals Limited’s revenue and net profit have grown at a CAGR of 14 percent and 21 percent, respectively, over the last five years. In terms of return ratios, the company’s ROCE and ROE stand at 9.14 percent and 6.23 percent, respectively. Bharat Heavy Electricals Limited’s debt-to-equity ratio is 0.31x.
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