Bharat Heavy Electricals Ltd (BHEL) reported its financial performance for the June quarter (Q1 FY27) today, post market hours, with net profit rising 8.2% year-on-year (YoY) to ₹1,048 crore from ₹969 crore in the corresponding quarter last year.
However, on a sequential basis, net profit declined 52.4% from ₹2,203.2 crore reported in the March quarter.
Revenue from operations increased 25.3% YoY to ₹5,533 crore from ₹4,417 crore in Q1 FY26. Sequentially, however, revenue fell 45.6% from ₹10,177.2 crore in the March quarter.
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. The EBITDA margin also came in lower at 25.11%, compared with 28% in the corresponding quarter last year.
Total expenses increased to ₹4,297.6 crore from ₹3,291.2 crore, primarily due to higher material consumption in line with the rise in execution.
Employee benefit expenses stood at ₹786.4 crore, while depreciation and amortisation expenses came in at ₹152.6 crore during the quarter.
