BHEL shares hit record as quarterly profit more than doubles

Bharat Heavy Electricals shares climbed nearly 5% after September-quarter profit surged to ₹820.94 crore, while higher income and a ₹500 crore Haridwar investment strengthened the case for a power-sector revival.

Bharat Heavy Electricals Ltd (BHEL) shares climbed to a record on Wednesday after the state-run engineering company reported a sharp rise in quarterly profit, with investors reacting to a stronger showing across its core power and industry businesses. The stock rose as much as 4.89% on the NSE to a fresh peak of ₹464, while on the BSE it touched ₹463.60, also a 52-week high.

The move followed BHEL’s September-quarter results, in which consolidated net profit more than doubled to ₹820.94 crore from ₹374.89 crore a year earlier, according to the company’s exchange filing reported by PTI. Total income rose 24% to ₹9,553.01 crore from ₹7,686.11 crore in the same period last year, helped by higher business from the power and industry segments.

Other reports on the results placed standalone net profit at about ₹810 crore for the quarter, broadly in line with the headline numbers disclosed to the market, and said revenue from operations reached roughly ₹9,300 crore. Market trackers said the latest figures also came in ahead of expectations, while earnings before interest, tax, depreciation and amortisation rose strongly and margins improved, underlining a better operational performance.

The company also approved a ₹500 crore capital investment for its Haridwar unit and backed the merger of its Mumbai repair plant into the Bengaluru electronics division, moves that point to continued spending on capacity and internal restructuring. BHEL’s latest results and investment plans have reinforced the view that the company is benefiting from a broader revival in power-sector demand.