BHEL Posts Strong Q2 Comeback with ₹375 Crore Profit, Signaling Robust Growth and Operational Revival – EQ
In Short : Bharat Heavy Electricals Limited (BHEL) recorded a remarkable turnaround in Q2 FY26, posting a net profit of ₹375 crore — more than triple last year’s ₹106 crore. The company’s revenue rose 14% year-on-year to ₹7,686 crore, supported by robust performance in its power and industry divisions. Improved margins, higher equipment orders, and strong project execution fueled this impressive growth.
In Detail : Bharat Heavy Electricals Limited (BHEL) has reported a strong financial performance in the second quarter of FY26, marking a major turnaround in its operational momentum. The company’s consolidated net profit surged over three times to ₹375 crore, compared to ₹106 crore in the same period last year. This sharp rise underscores BHEL’s improving efficiency and renewed growth trajectory.
The significant profit rebound comes after the company reported a loss of ₹455 crore in Q1 FY26, signaling a strong recovery across its business segments. The latest results highlight BHEL’s ability to adapt to changing market dynamics and strengthen its position in India’s power and industrial equipment sector. The performance reflects improving demand and cost discipline.
During the quarter, BHEL’s total income rose to ₹7,686 crore, up from ₹6,695 crore in the corresponding quarter last year. This growth was driven by robust execution of ongoing projects and timely delivery across both power and industry segments. The company’s focus on operational excellence and strategic order execution has contributed significantly to this positive performance.
Revenue from operations grew by approximately 14% year-on-year, indicating healthy order inflows and steady progress in core manufacturing. The power segment, which forms a substantial part of BHEL’s portfolio, benefited from renewed momentum in thermal and hydro projects, while the industry segment saw traction in defense, transportation, and renewable energy components.
Improved profitability also stemmed from higher margins, better cost management, and optimized utilization of production capacity. The company has been focusing on streamlining operations, reducing overheads, and implementing digital solutions to enhance efficiency across its plants and projects. These measures have started yielding tangible financial results.
BHEL’s management attributed the strong quarterly numbers to better project execution and an improved business mix. The company’s ability to deliver large-scale engineering solutions has positioned it well to capitalize on the government’s infrastructure and energy transition programs. Its diversified portfolio now includes growing participation in renewable and nuclear energy projects.
Investor sentiment remained positive following the announcement, with BHEL’s shares rising nearly 4% in early trading. The market response reflects confidence in the company’s revival path and its ability to sustain profitability in the coming quarters. Analysts expect steady growth as new project pipelines open up in both domestic and export markets.
The company continues to strengthen its presence in key sectors through technology upgrades, strategic partnerships, and innovation. Its ongoing diversification into emerging areas like green hydrogen, solar manufacturing, and electric mobility solutions is expected to support long-term growth and reduce dependency on conventional power orders.
BHEL’s strong Q2 FY26 performance marks a significant milestone in its recovery journey. With renewed operational efficiency, a robust order book, and expansion into clean energy solutions, the company is well-positioned to play a pivotal role in India’s evolving energy and infrastructure landscape while maintaining sustainable profitability in future quarters.
