BHEL Q2 Profit Jumps 120%; Shares Rise 4.44%

Mumbai, October 14: Bharat Heavy Electricals Limited (BHEL) reported a 120% year-on-year increase in standalone net profit to ₹810 crore for the second quarter of FY27, while revenue from operations rose 24% to ₹9,300 crore. The company also reported higher operating margins and a year-on-year expansion in its order book.

BHEL Q2 FY27 Results Show Strong Revenue and Profit Growth

BHEL’s gross operating margin increased 46% year-on-year to ₹3,549 crore, while earnings before interest, tax, depreciation and amortisation (EBITDA) rose 69% to ₹1,286 crore. EBITDA margin improved to 13.4%, compared with 9.9% in the corresponding quarter last year.

Profit before tax more than doubled to ₹1,078 crore from ₹492 crore. Total customer collections rose 33% to ₹13,179 crore, while trade receivables increased 1.3% to ₹9,718 crore. The number of receivable days declined to 94 from 120.

For the first half of FY27, revenue from operations grew 31% year-on-year to ₹16,998 crore. EBITDA stood at ₹2,020 crore, compared with ₹411 crore in the corresponding period last year, while profit after tax reached ₹1,192 crore against a loss of ₹87 crore.

Stock Market Snapshot

The BHEL share price rose ₹19.65, or 4.44%, to ₹462.00 as of 3:15:13 PM IST on October 14, 2026.

The stock moved sharply higher during the afternoon session. The available information does not establish that the quarterly results alone accounted for the entire price movement.

Investors tracking the BHEL share price will also be watching the company’s order execution and its ability to convert a growing order book into revenue and cash flows.

BHEL Order Book Expands Across Key Sectors

BHEL’s outstanding order book stood at ₹2,57,571 crore as of September 30, 2026, up 17.27% from ₹2,19,641 crore a year earlier. The company reported that orders secured during the first half of FY27 totalled approximately ₹30,000 crore, including around ₹4,000 crore in the second quarter.

The order book spans thermal power, nuclear power, transmission, defence, transportation, hydro and services. Key opportunities include power-sector expansion, grid infrastructure, railway modernisation and defence indigenisation.

The company cited orders and projects across areas such as hydro packages, traction transformers, gas turbines and compressors. The scale of the order book provides execution visibility, although revenue recognition will depend on project schedules and delivery.

Conclusion

BHEL’s second-quarter results showed higher revenue, improved operating margins and a return to profit growth in the first half of FY27. Its order book also expanded year-on-year, reflecting demand across power and infrastructure sectors.

BHEL shares rose 4.44% to ₹462.00 as of 3:15:13 PM IST on October 14, 2026. Future performance will depend on execution, project delivery and the conversion of orders into revenue and cash generation.

Source:

• https://www.nseindia.com/get-quote/equity/BHEL/Bharat-Heavy-Electricals-Limited
• https://nsearchives.nseindia.com/corporate/BHEL_14102026151739_Q227suppl.pdf