BHEL Q2 FY27 Revenue Surges 24% to ₹9,300 Crore, PAT Jumps 120%
BHEL's Q2 FY27 revenue rose 24% to ₹9,300 crore, with PAT up 120% to ₹810 crore. H1 FY27 revenue increased 31% to ₹16,998 crore, and PAT stood at ₹1,192 crore. The order book grew 17.27% to ₹2.57 lakh crore. The company highlighted growth in transmission, defence, and rail sectors.
The substantial financial performance improvements, significant growth in order book, and strategic positioning in key growth sectors like power, transmission, defence, and rail are material events that are likely to have a high impact on investor sentiment and the company's valuation.
The company reported significant year-on-year growth in revenue, profit after tax, EBITDA, and customer collections, along with a substantial increase in its order book, indicating strong operational performance and positive future outlook.
Bharat Heavy Electricals Limited (BHEL) has announced supplementary information for its Q2 FY2026-27 results. The company reported a significant increase in revenue from operations, which grew by 24% year-on-year to ₹9,300 crore in Q2 FY27, compared to ₹7,512 crore in Q2 FY26. For the first half of FY27 (H1 FY27), revenue increased by 31% to ₹16,998 crore from ₹12,999 crore in H1 FY26.
Profit After Tax (PAT) saw a substantial jump of 120% in Q2 FY27, reaching ₹810 crore, up from ₹368 crore in the same period last year. In H1 FY27, PAT was ₹1,192 crore, a significant turnaround from a loss of ₹87 crore in H1 FY26.
EBITDA for Q2 FY27 rose by 69% to ₹1,286 crore, with an EBITDA margin of 13.4%, an improvement of 3.5% from 9.9% in Q2 FY26. H1 FY27 EBITDA was ₹2,020 crore, up 392% from ₹411 crore in H1 FY26, with EBITDA margin improving to 11.6% from 3.1%.
Total customer collections increased by 33% to ₹13,179 crore in Q2 FY27. The company highlighted its strong cash-generation potential, a diversified business portfolio including rail mobility, coal gasification, defence, and transmission, alongside its core power business. BHEL is also expanding its international footprint and is well-positioned for India's energy upcycle, benefiting from increased capex and a focus on 'Atmanirbharta'.
The outstanding order book grew by approximately 17.27% year-on-year to ₹2,57,571 crore as of September 30, 2026. Key diversification initiatives include a joint venture with Titagarh for Vande Bharat trainset maintenance and securing the maiden 'KAVACH' order. The company also secured orders worth approximately ₹30,000 crore in H1 FY27, including around ₹4,000 crore in Q2.
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