Bharat Heavy Electricals Limited (BHEL) reported a strong performance for the quarter and year ended March 31, 2026. The company achieved a significant rise in annual revenue to ₹33,782.18 crore and a robust net profit of ₹1,577.95 crore. Reflecting this positive growth, the Board has recommended a final dividend of ₹1.40 per share, representing a 70% payout on the paid-up share capital for the fiscal year 2025-26.
Annual and Quarterly Financial Performance
For the financial year ended March 31, 2026, BHEL recorded a total revenue of ₹33,782.18 crore compared to ₹28,339.48 crore in the previous year. The net profit for the same period reached ₹1,577.95 crore, a substantial increase from ₹512.97 crore in the prior fiscal year. The quarter ending March 31, 2026, contributed significantly to this momentum, with the company reporting a quarterly revenue of ₹12,310.37 crore and a quarterly net profit of ₹1,282.68 crore.
Segmental Highlights
The company’s operations are divided into Power and Industry segments. The Power segment continues to be the primary revenue driver, generating ₹25,406.71 crore annually. The Industry segment contributed ₹8,375.47 crore to the annual revenue. These results reflect the company’s sustained focus on operational efficiency and order execution across its key business verticals.
Dividend Recommendation
In recognition of the strong financial results, the Board of Directors has recommended a final dividend of ₹1.40 per share of ₹2/- each. This dividend payout, which equates to 70% of the paid-up share capital, is subject to approval by shareholders in the upcoming Annual General Meeting. Once declared, the dividend will be dispatched to shareholders within 30 days.
Operational Outlook and Strategic Considerations
The company successfully managed its operational risks throughout the year, maintaining a healthy current ratio of 1.59. While some receivables from international projects, notably in Sudan, remain outstanding due to local instability, the company continues to maintain a stable financial position. Management remains committed to long-term value creation and continues to navigate the evolving regulatory landscape, including the adoption of new labor codes and accounting standards.
Source: BSE
