Bharat Heavy Electricals Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
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Awaiting price reaction for this filing.
BHEL reported a standalone net loss of Rs 454.89 crore in Q1 FY26, more than double the Rs 212.52 crore loss in the same quarter last year, with loss per share at Rs (1.31). Revenue from operations was nearly flat at Rs 5,486.91 crore versus Rs 5,484.92 crore a year ago, but total expenses of Rs 6,279.78 crore pushed the company into a pre-tax loss of Rs 607.43 crore. The Power segment was the main drag, swinging to a Rs 510 crore loss from a Rs 54 crore loss last year, while the Industry segment profit improved sharply to Rs 306.84 crore from Rs 63.34 crore. The auditor flagged two 'Emphasis of Matter' items: Rs 211 crore stuck in Sudan (civil war) and Rs 185 crore in old dues from RVUNL's Suratgarh project, together worth roughly Rs 346 crore that remain unprovided for. The company retains top short-term credit ratings (CARE A1+, Ind A1+) and has no long-term debt, with commercial papers of Rs 2,100 crore outstanding.
Sharp doubling of quarterly losses and worsening Power segment performance are negatives, though the Industry segment is showing strong improvement. Recovery of stressed receivables (Rs 346 crore flagged) is a key swing factor — any provisions would deepen losses further. Watch for order inflows and execution in the Power segment to drive a turnaround.