BHEL: Q4 Profit Rises 3%, Revenue Up 8.9%
Bharat Heavy Electricals (BHEL) reported a 3% increase in Q4 consolidated net profit to ₹504.00 crore. Revenue grew by 8.9% to ₹8,993.00 crore, while EBITDA rose 14.3% to ₹832.00 crore with margin expanding to 9.2%. Although showing growth, the actual results fell short of analysts' more optimistic projections. The company's performance indicates positive operational trends, particularly in revenue and EBITDA growth, despite the modest increase in net profit.

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Bharat Heavy Electricals (BHEL), India's leading engineering and manufacturing company, has reported a 3% increase in Q4 consolidated net profit to ₹504.00 crore, compared to the same period last year. The company's revenue grew by 8.9% to ₹8,993.00 crore, while EBITDA rose 14.3% to ₹832.00 crore with margin expanding to 9.2%.
Financial Performance
BHEL's Q4 results have shown improvement across key financial metrics:
Metric | Actual Value | Year-over-Year Change |
---|---|---|
Net Profit | ₹504.00 crore | 3% increase |
Revenue | ₹8,993.00 crore | 8.9% increase |
EBITDA | ₹832.00 crore | 14.3% increase |
EBITDA Margin | 9.2% | Expansion |
Analysts' Projections vs. Actual Results
Prior to the announcement, some financial analysts had forecasted more significant improvements across key financial metrics:
Metric | Projected Growth | Expected Value | Actual Value |
---|---|---|---|
Net Profit | 42% | ₹696.00 crore | ₹504.00 crore |
Revenue | 30% | ₹10,715.00 crore | ₹8,993.00 crore |
EBITDA | 40.6% | ₹1,023.00 crore | ₹832.00 crore |
The actual results, while showing growth, fell short of these projections.
Key Focus Areas
As investors and analysts digest the reported figures, several key areas remain under scrutiny:
- Order Book Strength: While specific details about the order book were not provided, the growth in revenue suggests continued strength in this area.
- L1 Orders Outlook: The status and potential of lowest bidder (L1) orders, which could convert into firm orders in the future.
- Order Execution: The company's ability to efficiently execute its growing order book, as evidenced by the revenue growth.
- Working Capital Management: How effectively BHEL manages its working capital amidst increasing operations.
- Margin Trajectory: The trend in profit margins, with EBITDA margin showing improvement to 9.2%.
The reported results provide crucial insights into BHEL's operational efficiency and financial health. They offer a glimpse into the company's positioning in India's growing infrastructure and energy sectors.
While the reported net profit shows modest growth, the more substantial increases in revenue and EBITDA suggest positive operational trends.
Historical Stock Returns for Bharat Heavy Electricals
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
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+0.53% | -1.99% | +1.67% | +5.61% | -15.30% | +638.48% |