Bharat Heavy Electricals Limited will host an analyst and institutional investor meeting on July 24, 2026, in Mumbai. The meeting is scheduled to begin at 9:00 hrs IST and will be conducted in physical mode. The company stated that it will not make any presentation during the session and will instead refer to publicly available documents and information.

The disclosure was made to BSE Limited and National Stock Exchange of India Ltd. pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting will be a one-to-one or group interaction with investors.

Jaya Mitra, Manager of Corporate Communication at Bharat Heavy Electricals Limited, signed the intimation on July 21, 2026.

Bharat Heavy Electricals Limited returned to profitability in the first quarter ended June 30, 2026, reporting a standalone net profit of ₹381.91 crore compared to a net loss of ₹454.89 crore in the same period last year. The turnaround was driven by a 40% increase in total income from operations, which rose to ₹7,697.72 crore from ₹5,486.91 crore in the prior year. The board reviewed and approved the unaudited financial results at its meeting held on July 16, 2026.

Q1 Financial Performance

The company's operational efficiency improved significantly, with profit before tax for the period reaching ₹512.90 crore against a loss of ₹607.43 crore in Q1FY26. Basic and diluted earnings per share stood at ₹1.10, recovering from a loss of ₹1.31 per share in the corresponding quarter of the previous year. The net worth of the company improved to ₹26,846.29 crore as of June 30, 2026, up from ₹24,624.45 crore a year ago.

Key Disclosures and Governance

Trade receivables include an overdue amount of ₹196 crore (USD 23 million) from customer STPG (formerly NEC Sudan), which is stuck due to the ongoing crisis in Sudan. The company has considered this amount good; however, if a provision is made, the impact on profit before tax would be ₹177 crore net of expected credit loss (ECL) provision. Additionally, the company noted that it currently has no Independent Director on the Board, so the Board Level Audit Committee (BLAC) is not constituted in line with Regulation 18 of SEBI Listing Regulations, 2015. Consequently, the results were directly placed before and approved by the Board of Directors.

Consolidated Results

On a consolidated basis, the company reported a net profit of ₹376.71 crore for the quarter, reversing a net loss of ₹455.50 crore in the previous year. Total income from operations for the consolidated entity stood at ₹7,697.72 crore, identical to the standalone figures. The company’s joint ventures include BHEL-GE Gas Turbine Services Pvt. Ltd., Raichur Power Corporation Ltd., NTPC-BHEL Power Projects Pvt. Ltd., and Bharat Coal Gasification and Chemicals Ltd.