“Flat revenue, soaring losses—should investors hit the panic button?”

Financial Performance Reported net loss of ₹455 crore, widening 114% YoY from a loss of ₹211 crore. Revenue from operations nearly flat at ₹5,487 crore, compared to ₹5,485 crore in Q1 last year. Power equipment segment revenue declined 5.6% YoY to ₹3,899 crore, reflecting a slowdown in project orders. Operational & Strategic Commentary Ordering activity remained muted, with Axis Capital projecting ₹15,000 crore and Nuvama projecting ₹11,000 crore in order inflows vs ₹9,488 crore last year; order book expected to cross the ₹2 lakh crore mark. Analysts highlight the strength of the execution pipeline but caution on near-term revenue momentum given headwinds in the power segment. Market Reaction Shares slid approximately 4% post-results, trading at day’s lows of ₹238.88 and down 7% over the past month. Major Support & Resistance Support :-- First Major support at Rs.230 and if its break then BHEL may see a bottom of Rs. 220 and Rs. 210 Resistance:-- Major Resistance at Rs. 250 as of now.