On 14 October, Bharat Heavy Electricals Limited (BHEL) announced its September quarter earnings, reporting a net profit of ₹810 crore, a 120% rise from ₹368 crore in the same period last year. The company’s shares surged to a record high of ₹463. In the second quarter, BHEL shares traded largely flat, gaining only 0.26% in September.

BHEL’s standalone revenue from operations rose 24% annually to ₹9,300 crore from ₹7,512 crore a year earlier. Operating profit, or EBITDA, surged 77% to ₹1,026 crore, while the EBITDA margin improved by 330 basis points to 11%. This performance reflects the company’s operational strength across its product lines.

The board approved a capital investment proposal for additional facilities for manufacturing of Thermal & Nuclear Sets at the HEEP-Haridwar Unit, estimated at ₹500 crore approximately. It also approved the merger of the Electrical Machines Repair Plant in Mumbai and the Electronics Division in Bengaluru into a single unit, effective 1 November 2026.

BHEL shares traded largely flat during the second quarter, gaining only 0.26% in September. The company’s earnings announcement was the primary event reported, with no additional commentary on market reaction beyond the recorded share price movement. The article includes a disclaimer that it is for informational purposes only and not investment advice.