BHEL Q3 Results: Profit more than triples to Rs. 382 crores; 16% annual growth in revenue

Bharat Heavy Electricals Ltd (BHEL) on Monday reported a sharp turnaround in its December-quarter performance, with net profit more than tripling on higher execution and operating leverage. In the third quarter ended December 2025, the state-owned engineering company posted Rs. 382 crore in net profit, compared to Rs. 125 crores, representing a year-on-year jump of 206%.

Income from operations a year ago was Rs. 7,277 crore, up 16% YoY to Rs. 8,473 crore, reflecting improved project execution and robust order pipeline. Total income for the quarter including other income was Rs. 8,700 crore, which was Rs. 7,393 crores. On the expenditure side, the total expenditure rose to Rs. 8,188 crore as compared to Rs. 7,224 crores. Cost of materials and services increased to Rs. 6,059 crore, while the employee benefit expense increased marginally to Rs. 1,531 crores. Finance cost in the September quarter was Rs. 195 crores gradually decreased to Rs. 182 crore, which gave additional support to profitability.

Profit before tax for the quarter stood at Rs. 512 crore, which was Rs. 169 crore was much more than that. Rs. 129 crore after accounting for tax expense, the company posted a quarter-on-quarter profit of Rs. 382 crore net profit was reported.

For the nine months ended December 2025, BHEL posted Rs. 295 crore in net profit, up from Rs. 8.9 crore showing a sharp turnaround. Operating income for nine months a year ago was Rs. 19,346 crore to Rs. 21,472 crores.

The improved quarterly performance underscores strong execution momentum and a gradual recovery in profitability after a prolonged period of pressure, aided by higher revenues and better cost control.

On Monday, shares of BHEL fell 2% on the NSE to Rs. was trading at 259.50.