Maharatna PSU, Bharat Heavy Electricals (BHEL) has reported a 189.83% year-on-year (YoY) increase in its consolidated net profit to Rs 390.40 crore in Q3FY26, from Rs 134.70 crore in Q3FY25.
Revenue from operations stood at Rs 8,473.10 crore, up 16.44% YoY from Rs 7,277.09 crore reported in Q3FY25.
On sequential basis the profit rose 4.14% from Rs 374.89 crore reported in Q2FY26. Revenue has increased 12.80% QoQ from Rs 7,511.80 crore reported in Q2FY26.
Key highlights from Q3FY26
#1. Power segment revenue jumps YoY
Revenue from the power segment rose to Rs 6,322.36 crore in Q3FY26, from Rs 5,588.45 crore reported in Q3FY25. Revenue from the Industry segment rose to Rs 2,150.74 crore from Rs 1,688.64 crore reported in the same period last year(Q3FY25).
Total income stood at Rs 8,691.85 crore, with other income at Rs 219 crore in Q3FY26.
#2. BHEL says labour code impact not factored into Q3 results
BHEL said the impact of the new labour codes will be evaluated and accounted for once the rules are notified and become effective, adding that the Q3 results do not factor in any impact from the labour codes. “The government is in the process of notifying the rules under the new labour codes, and any impact will be evaluated and accounted for in line with applicable accounting standards once the rules are notified and become effective.”
#3 BHEL board approves short closure of Varanasi plant scheme
In another BSE release, BHEL informed the stock exchanges that the Board of Directors has approved the short closure of the capital investment scheme for the proposed plant at Karkhiyaon, Varanasi, citing the current business landscape.
The products initially planned to be manufactured at the Varanasi unit will now be produced at other existing BHEL locations.
BHEL share price
BHEL’s share price declined 3.37% in intra-day trade on Monday. The stock has gained nearly 10.79% over the past three months and 1.82% over the past six months.