Bharat Heavy Electricals Limited (BHEL) has announced its unaudited financial results for the quarter ended December 31, 2025 (Q3 2026). The company reported a total income of ₹8,700.18 Crore and a net profit of ₹382.49 Crore. Revenue from operations stood at ₹8,473.10 Crore. The results reflect the company’s performance across its Power and Industry segments.
Financial Performance Overview
BHEL’s unaudited standalone financial results for Q3 2026 show a mixed performance. Total Income reached ₹8,700.18 Crore, compared to ₹7,393.33 Crore in Q3 2025. The company’s Net Profit stood at ₹382.49 Crore.
Key Financial Figures (Standalone)
Here are some of the key figures from the standalone results:
- Revenue from Operations: ₹8,473.10 Crore
- Other Income: ₹227.08 Crore
- Total Expenses: ₹8,188.26 Crore
- Profit Before Tax: ₹511.92 Crore
Segment-wise Performance
A breakdown of the revenue from operations by segment reveals the following:
- Power: ₹6,322.36 Crore
- Industry: ₹2,150.74 Crore
Emphasis of Matter
The auditor’s report includes an emphasis of matter regarding overdue receivables of ₹211 Crore (USD 25.5 million) from Customer STPG (formerly ‘NEC Sudan’) which has not been provided for, and the potential impact of the new labor codes effective November 21, 2025.
Consolidated Financial Highlights
The consolidated results present a broader picture, including BHEL’s joint ventures. Key figures include:
- Revenue from Operations: ₹8,473.10 Crore
- Profit Before Tax: ₹519.83 Crore
- Net Profit: ₹390.40 Crore
Key Ratios
Several key financial ratios were disclosed:
- Current Ratio: 1.49
- Debt to Total Assets Ratio: 0.14
- Inventory Turnover Ratio: 2.52
Source: BSE
