Q1 FY27 earnings: BHEL, HFCL, India Cements among four companies that returned to profit

The first quarter (Q1 FY27) earnings reported so far have largely met Street expectations, according to analysts. A report by Shriram AMC noted that one of the most notable highlights of the quarter has been the speed and breadth of the recovery from the lows seen at the end of March, reflecting improving business momentum across sectors.

After a brutal selloff, equities rebounded sharply and encouragingly; the rally was broad-based. The midcap and smallcap indices, which had borne the brunt of the drawdown, staged a bounce, recovering a large portion of their earlier losses as risk appetite returned and domestic flows stayed supportive.

Shriram AMC added that from here equity returns will be driven primarily by earnings growth.

BHEL

During the quarter under review, the company clocked ₹5,919.50 crore in revenue from the power segment, reflecting a 51.82% YoY increase from ₹3,898.86 crore in the June F26 quarter.

Its revenue from the industry segment rose 11.97% YoY to ₹1,778.22 crore in the quarter ended June 30, 2026, as against ₹1,588.05 crore in the same period last year. Sequentially, it declined by 36.5% QoQ from ₹2,800.52 crore in the previous quarter.

MRPL

Mangalore Refinery and Petrochemicals reported a net profit of ₹915 crore at the end of the first quarter of the current financial year compared with a loss of ₹272 crore in the year-ago period.

The company’s throughput for crude and other products rose to 4.43 million metric tonnes from 3.52 million metric tonnes in the corresponding period last year.

The company said it received authorisation from PNGRB for aviation turbine fuel (ATF) pipeline Devangonthi Terminal to Kempegowda International Airport, Bengaluru.

The company added that it started product loading at Aegis Terminal in Mangaluru, Hindupur depot in Andhra Pradesh and Ennore terminal in Tamil Nadu.

HFCL

The Delhi-based telecom company that designs, develops, and manufactures high-end telecom equipment, optical fiber cables, and defence electronics reported a net profit of ₹179 crore at the end of the June quarter as against a loss of ₹42 crore in the same period last year.

HFCL’s revenue from operations jumped 120% to ₹1,915 crore, and the company achieved its highest-ever order book of ₹2,665 crore, nearly five times FY26 revenue.

The company’s export revenue came in at ₹1,063 crore, which was 55% of the total revenue.

The company’s board also approved an investment of ₹215 crore on building an AI Data Centre Connectivity Solutions manufacturing facility.

India Cements

The Chennai-based cement maker reported a net profit of ₹27 crore at the end of the April-June period compared with a loss of ₹7.53 crore in the year-ago period.

The profit came on account of an exceptional gain after the sale of assets worth ₹29.98 crore.

Its revenue from operations, however, declined marginally to ₹1,019 crore from ₹1,025 crore in the year-ago period.