BHEL's Q2 profit more than doubles to Rs 821 crore, beats forecasts

Bharat Heavy Electricals Ltd reported consolidated net profit of Rs 821 crore for the quarter ended September 30, significantly outperforming market estimates of Rs 756 crore. The 117 percent year-on-year increase in profitability underscores the company's improving operational efficiency and growing order book momentum.

Revenue from operations during the quarter reached Rs 9,300 crore, exceeding analyst projections and reflecting strong execution across its thermal power, hydropower and renewable energy divisions. The company's operating margins expanded during the period, demonstrating better cost management and improved pricing power in a competitive bidding environment.

BHEL, a key supplier of power generation and transmission equipment to India's energy infrastructure, has benefited from increased domestic demand for electricity amid the country's push for capacity additions. The company's order pipeline remains robust, with substantial contracts in conventional and renewable energy segments expected to drive sustained growth in coming quarters.

The results come as India's power sector gathers momentum following easing supply constraints and rising industrial activity. BHEL's performance suggests increased capital spending by utilities and private power developers on generation and grid infrastructure projects.