Bharat Heavy Electricals shares gained 2.08% to ₹411.40 in early trade on Friday, July 31, 2026, reflecting very bullish investor sentiment. The upward movement comes after the company delivered mixed Q1 FY27 results, with net profit rising 8.2% year-on-year to ₹1,048 crore from ₹969 crore in the corresponding quarter last year, according to The Economic Times. However, the company faced sequential challenges with net profit declining 52.4% from ₹2,203.2 crore reported in the March quarter.
Revenue from operations demonstrated strong year-on-year growth, increasing 25.3% YoY to ₹5,533 crore from ₹4,417 crore in Q1 FY26. However, the company experienced a significant sequential decline with revenue falling 45.6% from ₹10,177.2 crore in the March quarter. The latest consolidated quarterly results show revenue of ₹7,697.72 crore for June 2026, representing a substantial increase from ₹5,486.91 crore in June 2025, as reported by Moneycontrol.
At the operating level, EBITDA stood at ₹1.389 crore, compared with ₹1,240 crore in Q1 FY26, registering a growth of around 12% YoY. However, the EBITDA margin came in lower at 25.11%, compared with 28% in the corresponding quarter last year. The latest consolidated results show EBIT of ₹636 crore for June 2026, indicating improved operational performance compared to the previous quarter.
For the year ending March 2026, Bharat Heavy Electricals reported exceptional growth with consolidated revenue of ₹33,782.18 crore, marking a significant increase from ₹28,339.48 crore in March 2025, representing approximately 19.2% growth. The net profit surged to ₹1,539.21 crore from ₹474.89 crore in March 2025, indicating a substantial improvement of about 224.2%. Earnings Per Share (EPS) rose from 1.53 in March 2025 to 4.60 in March 2026, while Return on Equity (ROE) improved to 6.12% from 2.15% in the previous year, as reported by Moneycontrol.
The company maintains a consistent dividend payout history, with a final dividend of ₹1.40 per share (70%) announced on May 4, 2026, with an effective date of July 17, 2026. Prior to this, a final dividend of ₹0.50 per share (25%) was announced on May 16, 2025, with an effective date of August 1, 2025. The stock remains a constituent of the NIFTY MIDCAP 150 index, with recent corporate announcements including news about the successful development of its 1200kV Transformer and investor group meeting intimation.
