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Earnings Call

Bharat Heavy Electricals Earnings Call: Key Takeaways

BHEL reports a sharp turnaround in Q1FY27 with 40% revenue growth and positive EBITDA/PAT, driven by a record order book and diversification into non-thermal sectors.

Highlights
Revenue growth40% YoY growth in Q1FY27.
MarginsStructurally improving margins through disciplined execution and operating leverage.
Order bookOutstanding OB at Rs 2,60,255 Cr, up 27% YoY.
Demand visibilityStrong; record executable order book providing long-term visibility.
Management confidenceHigh; citing multi-year growth phase and improving margins.

Growth

Revenue grew 40% YoY to Rs 7,698 Cr. EBITDA turned positive at Rs 735 Cr vs loss YoY.

Outlook

Targets 100GW nuclear capacity by 2047, 5 MMTPA green hydrogen by 2030, and Rs 9.6L Cr transmission capex.

Risks

Execution of massive order book and cyclical demand in infrastructure sectors remain key monitorables.

Source

Earnings Call filed with BSE, NSE: BHEL. Summary written with AI assistance from the document.

Read the document ↗

Bharat Heavy Electricals Ltd: key numbers

Share price
₹418.95
Market cap
₹1,45,881 Cr
Revenue (annual)
₹33,782 Cr
Net profit (annual)
₹1,600 Cr
P/E (TTM)
60.0×Sector 53.6×
Promoter holding
58.17%+0.00% QoQ
FII holding
9.52%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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14:24 IST BSE
Debt & Borrowing

Bharat Heavy Electricals Debt & Borrowing: ₹500 Cr

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Bharat Heavy Electricals Management Change

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15:16 IST BSE
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Bharat Heavy Electricals Other Announcement

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16:06 IST BSE
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Bharat Heavy Electricals Merger & Restructuring

BHEL signed a Joint Venture Agreement with Titagarh Rail Systems Limited to form a JVC for maintaining Vande Bharat Sleeper Trainsets for 35 years.

Execution
35 years
16:03 IST BSE
Merger & Restructuring

Bharat Heavy Electricals Merger & Restructuring Worth ₹0.5 Cr

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Value
₹0.50 Cr
Execution
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18:55 IST NSE
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Bharat Heavy Electricals Acquisition Worth ₹65 Cr

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Value
₹65.00 Cr
Execution
FY 2026-27