BHEL Q4 Results: Net profit skyrockets 156%, board declares final dividend; shares hit 52-week high

Bharat Heavy Electricals Limited (BHEL) consolidated net profit skyrocketed 156% to ₹1,290 crore for the January-to-March quarter of financial year 2025-26 as compared to ₹504 crore in the same period of the previous fiscal year.

The firm’s revenue from operations surged 37% year-on-year (YoY) to ₹12,310 crore in Q4 FY26 in contrast to ₹8,993 crore in the corresponding quarter of the previous financial year.

Its earnings before interest, taxes, depreciation, and amortisation (EBITDA) came in at ₹1,753 crore for the quarter under review as against ₹831 crore in Q4 FY25. The margin expanded to 14.24% in the reporting quarter as compared to 9.24% YoY.

For the year ended 2026, the Maharatna PSU firm’s net profit soared 200% to ₹1,600 crore as against ₹534 crore in FY25. BHEL’s revenue from operations during the fiscal year stood at ₹34,590 crore compared to ₹28,805 crore, marking a growth of 20% YoY.

Dividend details for FY26

The company’s board has also recommended a final dividend of ₹1.40 per share of ₹2 each (i.e., @ 70% on the paid-up share capital of the company) for FY26.

“Final Dividend, if declared by the Company in the Annual General Meeting shall be paid/ dispatched within 30 days from the date of Annual General Meeting,” BHEL said in a regulatory filing.

BHEL share price

Following the earnings, shares of BHEL rallied, rising nearly 12% to touch a 52-week high of ₹395.85 apiece.

Over the last five trading days, shares of the firm have gained 14%. For a month’s period, it rose 62%. However, since November 4, 2025, which is six months, the stock has climbed 48.5%. Since the beginning of the year, BHEL shares have jumped 36%.

The company’s market capitalisation stands at ₹1.38 lakh crore.

BHEL, established in 1964, is India’s largest engineering and manufacturing enterprise in the energy, industry, and infrastructure sectors. It offers a wide range of products and services across power generation (thermal, hydro, gas, nuclear, and solar PV), transmission, transportation, defence, aerospace, oil and gas, and emerging areas such as battery storage and EV chargers. The company has a strong pan-India presence with 16 manufacturing units and over 140 project sites, including overseas locations.