BHEL Q4 FY 2025-26 Results Supplementary Information
BHEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
BHEL reported FY26 revenue of Rs. 33,782 crore, up 19% YoY, with Q4FY26 revenue of Rs. 12,310 crore. EBITDA for the year stood at Rs. 3,189 crore and PAT at Rs. 1,578 crore, more than doubling from FY25's PAT of Rs. 513 crore, driven by strong execution and improved margins. The order book outstanding reached a highest-ever ~Rs. 2.4 lakh crore, with Q4FY26 order inflow of Rs. 75,916 crore and a 50% rise in the industry segment. Operations saw ~8.9 GW of power capacity commissioned/synchronised during the year, with key orders including HVDC links, coal-to-chemical packages, and rail signaling (Kavach) marking diversification steps. Trade receivables and contract assets remained stable at ~Rs. 38,613 crore. Net provisions turned negative at -Rs. 177 crore for FY26 vs +Rs. 158 crore in FY25, indicating write-backs or reduced provisioning.
The strong multi-fold jump in profitability and record order book signal robust execution capability and healthy demand. The 19% revenue growth and EBITDA margin improvement are positive for the stock, though high receivables remain a watch item.