Bharat Heavy Electricals Limited (BHEL) reported mixed financial results for the quarter ended September 30, 2025. Revenue from operations increased to ₹7,511.80 crore, but the company reported a net loss of ₹87.22 crore for the first half of the fiscal year. The results reflect a challenging operating environment and ongoing efforts to manage financial performance. Key issues include overdue payments and civil war impacts.
Financial Performance Overview
BHEL’s unaudited financial results for the quarter and half-year ended September 30, 2025, reveal a mixed performance. The company’s revenue from operations stood at ₹7,511.80 crore for the quarter, bringing the half-year total to ₹12,998.71 crore. However, the company posted a net loss of ₹87.22 crore for the six-month period.
Segmental Revenue
The company’s revenue is divided into two key segments:
- Power: ₹5,675.64 crore for the quarter and ₹9,574.50 crore for the half-year.
- Industry: ₹1,836.16 crore for the quarter and ₹3,424.21 crore for the half-year.
Key Financial Metrics
Important financial metrics from the report include:
- Total Income: ₹7,693.55 crore (quarter) and ₹13,365.90 crore (half-year)
- Total Expenses: ₹7,201.54 crore (quarter) and ₹13,481.32 crore (half-year)
- Basic & Diluted Earnings Per Share: ₹1.06 (quarter) and ₹-0.25 (half-year)
Emphasis of Matter
The auditor’s report highlights concerns regarding an overdue amount of ₹211 crore from a customer (STPG, formerly NEC Sudan) due to civil war, for which no provision has been made. There is also attention drawn to the balance of debtors related to the RVUNL/Suratgarh project.
Additional Considerations
The financial results include a share of net profit from joint ventures. The company’s review was conducted based on reports from branch auditors, with some joint ventures reviewed by other auditors.
Source: BSE