Shares of Bharat Heavy Electricals Ltd RALLY NEARLY 4%

Shares of Bharat Heavy Electricals Ltd surged nearly 4% after the state-owned engineering company reported strong September-quarter results, with net profit, revenue and EBITDA. The company’s revenue rose 23.8% year-on-year, beating the estimated Rs 9,236 crore. EBITDA jumped 76.6% year-on-year, significantly exceeding the poll estimate of Rs 881 crore. The company’s EBITDA margin also expanded to 11% from 7.7% a year earlier, surpassing the estimated 9.5%. For the first half of FY27, BHEL’s revenue from operations increased 30.77% year-on-year. The company reported a net profit of Rs 1,191.53 crore, compared with a net loss of Rs 87.22 crore in the corresponding period of the previous year. On a sequential basis, net profit more than doubled to Rs 809.62 crore in the September quarter from Rs 381.91 crore in the June quarter. Profit before tax surged 110.13% quarter-on-quarter. Separately, BHEL informed the stock exchanges that its board had approved a capital investment proposal of approximately Rs 500 crore to set up additional manufacturing facilities for thermal and nuclear sets at its HEEP unit in Haridwar. The board also approved the merger of its Electrical Machines Repair Plant in Mumbai with the Electronics Division in Bengaluru. The merged entity will operate under EDN, with the consolidation scheduled to take effect from November 1, 2026. BHEL designs, engineers, constructs, tests, commissions and services a broad range of industrial products, offering more than 180 products across key sectors of the Indian economy. Its performance in the power and industrial segments remains a key factor for investors assessing whether rising business activity can sustain revenue growth and improve operating profitability.