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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
₹432.00
Market cap
₹1,50,425 Cr
Revenue (annual)
₹33,782 Cr
Net profit (annual)
₹1,600 Cr
P/E (TTM)
52.3×Sector 51.9×
Promoter holding
58.17%+0.00% QoQ
FII holding
9.94%Current quarter

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

More from Bharat Heavy Electricals Ltd

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12:57 IST BSE
New Order Win

Bharat Heavy Electricals Bags ₹600 Cr Order from Power Grid Corporation of India Limited, on behalf of its Project...

BHEL received an order from Power Grid Corporation of India on behalf of its project SPV for two synchronous condensers at Barmer-II HVDC terminal. The order is valued at Rs 600-900 Cr excluding GST and must be executed within 44 months.

Value
₹600.0 Cr
From
Power Grid Corporation of India Limited, on behalf of its Project SPV Company
Execution
44 months
09:29 IST BSE
New Order Win

Bharat Heavy Electricals Bags ₹20,000 Cr Order from Adani Power Limited

BHEL secured supply contracts from Adani Power for four 2×800 MW projects. Each contract is valued at ₹5,000–7,000 Cr, totalling ₹20,000–28,000 Cr excl. GST.

Value
₹20,000 Cr
From
Adani Power Limited
Execution
As per Customer's Project requirements
thermal generation capacity (Boiler, Turbine, Generator)
6400 MW
08:56 IST BSE
New Order Win

Bharat Heavy Electricals Bags New Order from Adani Power Limited

BHEL received orders from Adani Power for four 2x800 MW projects. Each project is valued at Rs 5,000–7,000 crore excluding GST.

From
Adani Power Limited
Execution
As per Customer's project requirements
generation capacity of projects awarded
6400.0 MW