BHEL September-quarter profit beats forecasts across the board, shares rise 4%
State-run BHEL posted 23.8% revenue growth and more than doubled net profit, beating analyst polls, according to CNBC-TV18. Shares rose over 4% on the news.
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what happened
Shares of state-run Bharat Heavy Electricals Ltd. (BHEL) rose more than 4% on Wednesday, October 14, after the company released its September-quarter results. According to CNBC-TV18, the figures beat analyst expectations on nearly every measure.
BHEL's revenue grew 23.8% to 9,300 crore rupees, compared with 9,236 crore rupees in the CNBC-TV18 analyst poll. Net profit reached 810 crore rupees, more than double the 368 crore rupees a year earlier and above the 654.4 crore rupees the poll had projected. EBITDA rose 77% year on year to 1,026 crore rupees, against a poll forecast of 881 crore.
EBITDA margin widened by 330 basis points to 11% from 7.7% a year earlier, versus the 9.5% analysts had expected. Other expenses rose to 721 crore rupees from 391 crore. After the announcement, the shares traded 3.6% higher at 458.35 rupees and are up 57% so far this year.
why it matters
The strong report supports investor interest in BHEL as demand for power equipment remains in focus, but the stock has already gained sharply this year, so market reaction will depend on further disclosures and management commentary.
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sources
- BHEL Q2 Results: All-round beat takes PSU stock higher by 4%, margins expand — cnbctv18.com, 14 October 2026 at 08:21 UTC
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