BHEL Q2 earnings: Net profit more than doubles to ₹810 crore, revenue rises 24%; shares hit record high

Shares of Bharat Heavy Electricals Limited (BHEL), the country's leading heavy electrical and power equipment maker, on Wednesday, October 14, surged to a record high of ₹463 after it announced its September quarter earnings.

BHEL reported a net profit of ₹810 crore in the second quarter of current financial year, marking an increase of 120% from ₹368 crore in the same period past year.

BHEL's standalone revenue from operations rose 24% annually to ₹9,300 crore from ₹7,512 crore a year earlier.

The company reported strong operational performance as its operating profit also known as earnings before interest, taxes, depreciation, and amortization (EBITDA) surged 77% to ₹1,026 crore and its EBITDA margin improved by 330 basis points to 11%.

The company's board approved capital investment proposal for additional facilities for manufacturing of Thermal & Nuclear Sets at HEEP-Haridwar Unit at an estimated cost of ₹500 crore approximately.

Its board also approved the merger of Electrical Machines Repair Plant (EMRP), Mumbai and Electronics Division (EDN), Bengaluru into a single unit with EDN as the single merged entity, with effect from November 1, 2026.

In the second quarter of current financial year, BHEL shares traded largely flat, as the stock gained a mere 0.26% in September quarter.