Bharat Bijlee Limited Earnings Summary — Q1 FY2027
Bharat Bijlee Reports Q1 Growth in Revenue and Profits Amid Industrial Systems Strength
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue declined 2.5% sequentially in Q1 FY2027.
- Revenue of ₹1,772 Cr is 4.3% higher year-on-year.
- Revenue has compounded at 1.1% annualised over the last 10 quarters.
- Net profit of ₹82 Cr is 65.4% below the same quarter last year.
- Profit growth is trailing revenue growth this quarter.
- Net profit has compounded at 14.1% annualised across the period.
- Operating margin stands at 12.2% in Q1 FY2027.
- Operating margin compressed by 59 bps year-on-year.
- Over the last two years operating margin has expanded by 72 bps.
- PBT margin is 5.9%.
- Expenses grew 5.0% against revenue growth of 4.3%.
- Operating profit of ₹216 Cr is 0.5% lower year-on-year.
- Operating leverage has been under pressure recently.
- 6 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 55/100 (Healthy) on the latest 10 quarters.
- Business momentum has softened and warrants monitoring.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Stable | 1,772 | 1,817 | 1,624 | 1,782 | 1,698 | 1,748 | 1,614 | 1,688 | 1,559 | 1,729 |
| Expenses | Stable | 1,556 | 1,593 | 1,440 | 1,549 | 1,481 | 1,542 | 1,441 | 1,476 | 1,380 | 1,488 |
| Operating Profit | Stable | 216 | 225 | 184 | 233 | 217 | 206 | 172 | 212 | 179 | 240 |
| Operating Margin | Stable | 12.2% | 12.4% | 11.3% | 13.1% | 12.8% | 11.8% | 10.7% | 12.6% | 11.5% | 13.9% |
| Other Income | Volatile | -12 | 44 | -11 | 13 | 11 | 39 | 12 | 19 | 12 | -19 |
| Interest | Stable | 29 | 30 | 29 | 33 | 34 | 36 | 39 | 37 | 34 | 32 |
| Depreciation | Stable | 69 | 69 | 68 | 68 | 64 | 67 | 66 | 64 | 61 | 73 |
| Profit Before Tax | Volatile | 105 | 170 | 75 | 145 | 130 | 142 | 79 | 130 | 96 | 116 |
| Tax | Volatile | 23 | 44 | 26 | 47 | -108 | 45 | 26 | 38 | 30 | 45 |
| Net Profit | Volatile | 82 | 126 | 20 | 52 | 238 | 47 | 24 | 50 | 29 | 61 |
| Net Margin | Volatile | 4.7% | 6.9% | 1.3% | 2.9% | 14.0% | 2.7% | 1.5% | 3.0% | 1.8% | 3.5% |
Key Takeaways
- Revenue grew 17.7% YoY to ₹547.17 crore, driven primarily by the Industrial Systems segment which saw a 37% jump in revenue.
- Industrial Systems segment results nearly doubled YoY, rising from ₹14.84 crore to ₹29.34 crore, reflecting improved execution in motors and automation.
- Power Systems segment experienced a significant margin squeeze, with results dropping to ₹16.86 crore from ₹35.57 crore in the same period last year.
- Net Profit increased 39.6% YoY to ₹19.63 crore, though it declined sequentially following the seasonally stronger Q4.
- Finance costs surged significantly to ₹7.80 crore compared to ₹2.03 crore in Q1 last year, impacting overall profitability.
- The company announced a leadership transition in its Magnet Technology Machines Division with the retirement of Mr. R Rajaraman and the appointment of Mr. Khushru M. Vakharia.
- Total comprehensive income was bolstered by a significant fair value gain on equity instruments of ₹395.62 crore (pre-tax) during the quarter.
Management Guidance
Management is focusing on scaling the Projects Division for growth and profitability, evidenced by the appointment of a dedicated Vice President for the division to steer the entire project lifecycle.
Sentiment Shift
Stable
While margins in Power Systems are under pressure, the robust growth in Industrial Systems and the substantial appreciation in the investment portfolio maintain a positive outlook.
Outlook
The outlook remains constructive as the company modernizes its motor facilities and implements efficiency-improving logistics, though cyclicality in power sub-stations and raw material volatility remain key monitorables.
From the Annual Report (Key Quotes)
“Appointment... of Mr. Ashwinikumar V. Sathe... to ensure greater focus on the Projects business growth and profitability.”
“Appointment... of Mr. Khushru M. Vakharia... to ensure a seamless operational transition and institutional continuity.”
“The financial results have been reviewed by the Audit Committee and approved by the Board of Directors.”
Official Quarterly Documents
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This summary is AI-generated from Bharat Bijlee Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.