BHEL Q2 FY27 results: revenue up 24%, PAT jumps 120% YoY

Revenue growth above 20%Profit growth above 25%EBITDA margin expansionResults View source PDF Explain this filing

BHEL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

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prior close

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announcement price

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Nifty Midcap 150market-0.0%+5.0% vs market

Heavy Electrical Equipment peers, median of 34sector+0.5%+4.4% vs sector

On the reaction day the stock moved 5.0 pts more than Nifty Midcap 150 and 4.4 pts more than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Midcap 150Sector · Heavy Electrical Equipment peers, median of 34Pending

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AI summary

BHEL Q2 FY27 revenue rose 24% YoY to Rs. 9,300 crore; H1 revenue up 31% to Rs. 16,998 crore. EBITDA jumped 69% to Rs. 1,286 crore with margin expanding 350 bps to 13.4%. PAT surged 120% YoY to Rs. 810 crore; H1 turned around to Rs. 1,192 crore vs a loss earlier. Order book grew 17% YoY to Rs. 2.57 lakh crore, with strong diversification into rail, defence, transmission and exports.

Likely market impact

Sharp margin expansion, order book visibility and turnaround in H1 profits signal a strong earnings cycle for the stock.

By the numbersConsolidated · Q2 FY27 vs Q2 FY26

	Q2 FY27	Q2 FY26	Change
Revenue	₹9,300 Cr	₹7,512 Cr	+23.8%
Operating profit	₹817.9 Cr	₹310.3 Cr	+163.6%
Profit after tax	₹820.9 Cr	₹374.9 Cr	+119.0%
EBITDA margin	11.0%	7.7%	+3.3 pp

From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.