Bharat Heavy Electricals Limited (BHEL), a state-owned enterprise, known for its extensive operations across sectors like power generation, defence, and renewable energy, is set to announce its Q3FY25 result today. The share price of BHEL on Tuesday opened at Rs 196.25 apiece. As of the early trading hours, BHEL share price was trading at Rs 187.05, down by 3.85%.
The company has a market capitalisation of Rs 65,140 crore. Its 52-week high stands at Rs 335.35, while the 52-week low is Rs 186.00. At the current price, BHEL’s stock is just 0.6% above its 52-week low.
Stock Performance: BHEL vs Nifty 50
BHEL’s stock performance has been notably weak in recent months, with the current price standing at Rs 189.63, a 2.52% drop today.
Over the past five days, the stock has fallen by 7.99%, and in the last month, it has declined by 16.08%.
The situation worsens over a six-month period, with a staggering 41.4% decrease. Even in the past year, the stock has dropped by 14.42%.
In comparison, the Nifty 50 index has seen some fluctuation. The index is currently at 22,896.00, a slight increase of 0.29% today, and it has decreased by 7.85% over the past six months. However, it has managed a 5.29% rise over the last year.
Q3FY25 earnings announcement: Date, time, and key details
In a regulatory filing, BHEL has announced that its Board of Directors will meet on Tuesday, January 28, to approve the unaudited financial results for the quarter ending December 31, 2024.
Further, the company in the exchange filing added, “Notice is hereby given that a meeting of the Board of Directors of the Company will be held on Tuesday, 28th January, 2025, interalia, to approve the Unaudited Financial Results of BHEL for & up to the quarter ended 31st December 2024. Accordingly, Trading Window for Designated Persons shall remain closed upto 30th January, 2025.”
Recap of Q2FY25 performance
BHEL in Q2FY25 reported a 28.5% YOY increase in revenue, reaching Rs 6,584 crore. This was an improvement over the Rs 5,125 crore reported in the same quarter of the previous year.
The company also posted a Profit After Tax (PAT) of Rs 106 crore, a significant recovery from a net loss of Rs 63 crore in Q2 FY24 and a loss of Rs 211 crore in Q1 FY25. The power segment remained the largest contributor, generating Rs 5,028 crore in revenue, while the industry segment added Rs 1,556 crore to the total.