Bharat Heavy Electricals Limited (BHEL) announced its Q3 FY 2025-26 results, showcasing a robust order book and significant achievements. The company reported a revenue from operations of ₹8,473 Crore for Q3 and ₹21,472 Crore YTD. BHEL secured major orders and reached critical operational milestones, reinforcing its position in the power and infrastructure sectors.
Financial Performance Overview
BHEL’s Q3 FY 2025-26 results demonstrate solid financial performance, with key figures highlighting the company’s growth.
- Revenue from Operations: ₹8,473 Crore (Q3 FY25-26) compared to ₹7,277 Crore (Q3 FY24-25)
- EBITDA: ₹772 Crore (Q3 FY25-26) compared to ₹420 Crore (Q3 FY24-25)
- Profit Before Tax: ₹512 Crore (Q3 FY25-26) compared to ₹169 Crore (Q3 FY24-25)
- Profit After Tax: ₹382 Crore (Q3 FY25-26) compared to ₹125 Crore (Q3 FY24-25)
Year-to-date (YTD) figures also show positive trends:
- Revenue from Operations: ₹21,472 Crore (YTD FY25-26) compared to ₹19,346 Crore (YTD FY24-25)
- EBITDA: ₹1,183 Crore (YTD FY25-26) compared to ₹754 Crore (YTD FY24-25)
- Profit Before Tax: ₹397 Crore (YTD FY25-26) compared to ₹21 Crore (YTD FY24-25)
- Profit After Tax: ₹295 Crore (YTD FY25-26) compared to ₹9 Crore (YTD FY24-25)
Order Book Highlights
BHEL’s order book remains strong, indicating future growth potential.
- Order Inflow: Up to Q3 FY 2025-26, the order inflow reached ₹45,900 Crore, with the power sector contributing 76% and industry including exports accounting for 24%.
- Outstanding Order Book: As of December 31, 2025, the order book stood at ₹2,22,800 Crore, with the power sector comprising 80% and industry including exports at 20%.
Key Orders Received in Q3 FY 2025-26
BHEL secured several significant orders during the quarter:
- EPC of 1×800 MW Darlipali STPP Stage-II
- E&M Package of 3×16 MW Chanju-III HEP
- EPC package of 265 TPH Gas/ Oil fired Boiler from oil refinery
- Supply of interconnecting transformers and 765 kV shunt reactors from transmission utilities and power plants
- Supply of Well Head & Christmas Tree from oil explorational company
- Supply & AMC of 45 sets of IGBT based Propulsion System and 267 nos. of 3-Phase asynchronous Traction Motor from Indian Railways
- Supply of IPMS, Ballast & Cargo Control System (BCCS) and Hull Response Monitoring System (HRMS) for fleet support ships from Indian shipyard company
Operational Milestones
BHEL achieved key operational milestones in Q3 FY 2025-26:
- 800 MW U#1 of Patratu STPP Synchronization
- 800 MW U#3 of Yadadri TPS Synchronization
- 800 MW U#4 of Yadadri TPS Full Load
- 660 MW U#5 of Sagardighi TPS Full Load
- Commissioned Sulphur Recovery Unit (SRU) at IOCL Paradip Refinery
- Synchronised 60 MW U#1 Chaliyama STG and 65 MW U#2 Kamanda STG of Rungta Mines Ltd
- Delivered two upgraded Super Rapid Gun Mounts
Notable Achievements
BHEL marked several notable achievements during the quarter:
- BHEL’s Dividend Ceremony held on December 15, 2025.
- Contributed space-grade Li-ion cells, batteries, and solar panels to ISRO’s heaviest satellite launch.
- Received appreciations from Druk Green Power Corporation (DGPC), Bhutan and Numaligarh Refinery Limited (NRL).
Source: BSE
