Bharat Heavy Electricals gains on robust Q2 earnings

Bharat Heavy Electricals jumped 4.25% to Rs 460.80 after the company reported a sharp jump in quarterly earnings.

On a consolidated basis, the company posted a net profit of Rs 820.94 crore in Q2 FY27, up 118.98% YoY and 117.92% QoQ. Revenue from operations rose 23.81% YoY to Rs 9,300.35 crore in Q2 FY27, while growing 20.82% QoQ. Profit before tax stood at Rs 1,089.07 crore in Q2 FY27, up 118.15% YoY and 114.51% QoQ.

On the cost front, the cost of materials and services rose 21.2% YoY to Rs 6,958.44 crore, while employee benefit expenses increased 11.63% YoY to Rs 1,652.14 crore. Other expenses declined 203.72% YoY to Rs 721 crore during the quarter.

On the operational front, revenue from the power segment increased 16.95% YoY to Rs 6,637.90 crore in Q2 FY27, while revenue from the industry segment surged 45% YoY to Rs 2,662.45 crore.

Bharat Heavy Electricals (BHEL) is an integrated power plant equipment manufacturer, engaged in the design, engineering, manufacturing, erection, testing, commissioning, and servicing of a diverse range of products and systems. The company caters to key sectors of the Indian economy, including power, transmission, industry, transportation, renewable energy, oil & gas, and defence.

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