CAPITAL GOODS · NSE/BSE: BHEL

Bharat Heavy Electricals Limited Earnings Summary — Q2 FY2027

Sentiment: Positive

AI-generated summary

Generated 2026-10-22

Business Intelligence Report

Bharat Heavy Electricals Limited Q2 FY2027 results: Profit up +119.0% YoY; revenue grew +23.8% YoY; OPM 11.0%.

Quarterly Business Intelligence

Q2 FY2027

Financials from Financial Intelligence · data as of 2026-09-30

Revenue

₹9,300 Cr

QoQ +20.8%YoY +23.8%

Net Profit

₹821 Cr

QoQ +117.9%YoY +119.0%

Operating Profit

₹1,026 Cr

QoQ +103.6%YoY +76.6%

Operating Margin

11.0%

QoQ +448 bpsYoY +330 bps

AI Quarterly Scorecard™

/ 100

Strong

Revenue Momentum100

Profit Growth100

Margin Expansion66

Growth Consistency66

Operating Efficiency84

Financial Stability40

Computed deterministically from the last 10 reported quarters.

Quarterly Business Momentum

Revenue & Growth

Revenue grew 20.8% sequentially in Q2 FY2027.
Revenue of ₹9,300 Cr is 23.8% higher year-on-year.
Revenue has compounded at 26.5% annualised over the last 10 quarters.

Profitability

Net profit of ₹821 Cr is 119.0% above the same quarter last year.
Profit growth is outpacing revenue growth, pointing to positive operating leverage.
Net profit has compounded at 221.8% annualised across the period.

Margins

Operating margin stands at 11.0% in Q2 FY2027.
Operating margin expanded by 330 bps year-on-year.
Over the last two years operating margin has expanded by 685 bps.
PBT margin is 11.7%.

Operating Efficiency

Expense growth of 19.4% remained below revenue growth of 23.8%.
Operating profit of ₹1,026 Cr is 76.6% higher year-on-year.
Operating leverage continues to improve.

Overall Momentum

5 of the last 6 measured quarters delivered year-on-year revenue growth.
Overall quarterly business momentum scores 76/100 (Strong) on the latest 10 quarters.
Business momentum remains positive heading into the next quarter.

Quarterly Financials

Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %

Metric	Trend	Latest Q2 FY2027	Q1 FY2027	Q4 FY2026	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025
Revenue	Improving	9,300	7,698	12,310	8,473	7,512	5,487	8,993	7,277	6,584	5,485
Expenses	Improving	8,275	7,194	10,557	7,928	6,931	6,024	8,162	6,973	6,309	5,654
Operating Profit	Improving	1,026	504	1,753	545	581	-537	832	304	275	-169
Operating Margin	Volatile	11.0%	6.5%	14.2%	6.4%	7.7%	-9.8%	9.3%	4.2%	4.2%	-3.1%
Other Income	Improving	271	226	260	235	189	185	159	126	128	111
Interest	Stable	125	140	198	182	195	181	201	184	201	162
Depreciation	Improving	83	82	88	78	75	75	85	68	60	59
Profit Before Tax	Strong Uptrend	1,089	508	1,728	520	499	-608	704	179	141	-279
Tax	Strong Uptrend	268	131	437	129	124	-153	200	44	35	-68
Net Profit	Strong Uptrend	821	377	1,290	390	375	-455	504	135	106	-211
Net Margin	Volatile	8.8%	4.9%	10.5%	4.6%	5.0%	-8.3%	5.6%	1.9%	1.6%	-3.9%

Source: Financial Intelligence (Structured Quarterly Data)•Latest Quarter: Q2 FY2027•Figures in ₹ Crore • Margins in %•Automatically updated from Financial Intelligence · 2026-09-30

Key Takeaways

Profit up +119.0% YoY; revenue grew +23.8% YoY; OPM 11.0%.

Official Quarterly Documents

Earnings Press Release

Official quarterly earnings release published by the company.

Press Release not available.

Earnings Call Transcript

Management discussion and analyst Q&A.

This summary is AI-generated from Bharat Heavy Electricals Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.