BHEL Q2 net profit is ₹821 crore, against ₹375 crore a year earlier
BHEL reported a consolidated net profit of ₹820.94 crore for July to September 2026, against ₹374.89 crore a year earlier. Revenue from operations was ₹9,300.35 crore, up 23.8%.
Bharat Heavy Electricals Ltd (BHEL), a government-owned maker of power and industrial equipment, reported a consolidated net profit of ₹820.94 crore for the quarter ended 30 September 2026 (July to September, the second quarter of the financial year 2026-27, or Q2 FY27). In the same quarter a year earlier it reported ₹374.89 crore, so profit was about 2.2 times as much, a rise of 119.0%. Revenue from operations was ₹9,300.35 crore, against ₹7,511.80 crore a year earlier. The results were announced on 14 October 2026 and are as reported by news outlets.
Key terms
- Consolidated means the accounts of BHEL together with its subsidiaries and its share in joint ventures and associates. The figures in this article are consolidated, not standalone.
- Net profit is the profit left after all expenses and tax.
- Revenue from operations is the money earned from selling goods and services. Total income is revenue from operations plus other income, such as interest.
- Profit before tax (PBT) is profit before income tax is deducted.
- Earnings per share (EPS) is net profit divided by the number of shares.
- YoY means year on year, compared with the same quarter a year earlier (July to September 2025). QoQ means quarter on quarter, compared with April to June 2026.
Q2 FY27 results
Amounts are in ₹ crore and are as reported. Percentage changes are this site’s arithmetic on the reported figures, rounded to one decimal place.
| Metric | Q2 FY27 | Q2 FY26 | Change YoY |
|---|---|---|---|
| Net profit | 820.94 | 374.89 | +119.0% |
| Profit before tax | 1,089.07 | 499.23 | +118.2% |
| Revenue from operations | 9,300.35 | 7,511.80 | +23.8% |
| Total income | 9,553.01 | 7,686.41 | +24.3% |
| Total expenses | 8,482.40 | 7,201.54 | +17.8% |
| Earnings per share (₹) | 2.36 | 1.08 | +118.5% |
Against the previous quarter, net profit of ₹820.94 crore compares with ₹376.71 crore for April to June 2026 (+117.9%), and revenue from operations of ₹9,300.35 crore compares with ₹7,697.72 crore (+20.8%). Profit before tax for April to June 2026 was ₹507.70 crore.
Revenue by segment
The company reports two business segments. As reported:
| Segment revenue (₹ crore) | Q2 FY27 | Q2 FY26 | Change YoY |
|---|---|---|---|
| Power | 6,637.90 | 5,675.64 | +17.0% |
| Industry | 2,662.45 | 1,836.16 | +45.0% |
Six months to 30 September 2026
For the first half of the financial year (April to September 2026), Free Press Journal reported consolidated net profit of ₹1,197.65 crore, against a net loss of ₹80.61 crore in the same six months of the previous year. Revenue from operations was ₹16,998.07 crore, against ₹12,998.71 crore (+30.8%). The half-year profit equals the sum of the two quarters reported here (₹376.71 crore and ₹820.94 crore).
Basis of these figures
BHEL’s results filing on BSE and NSE could not be opened for this article. The consolidated net profit, prior-year profit, revenue, total income, expenses and segment revenue are attributed to the Free Press Journal, HDFC Sky (PTI) and Indian PSU reports of 14 and 15 October 2026, which agree with one another. Earnings per share, half-year profit, and the segment figures also agree with an INDmoney analysis. Previous-quarter profit before tax, half-year revenue and profit before tax come from the Free Press Journal report only. The reports did not carry standalone figures or management comments. HDFC Sky gives a different last-digit figure for total income a year earlier (₹7,686.11 crore); this article uses ₹7,686.41 crore, as in the other two reports and in Kotak Neo’s page for the September 2025 quarter. Percentage changes are arithmetic on the reported figures.