BHEL Share Price Dips 6%; Revenue Flat, Net Loss Widens to ₹455 Crore in Q1 FY26 Results

Bharat Heavy Electricals Limited (BHEL) reported its financial results for the first quarter of the financial year 2025-26, showcasing a largely flat revenue line but a decline in profitability.

BHEL Q1 FY26 Results

The company posted revenue from operations of ₹5,487 crore in Q1 FY26, almost unchanged from ₹5,485 crore in the corresponding quarter last year.

However, earnings before interest, tax, depreciation, and amortisation (EBITDA) dropped sharply, recording a negative ₹352 crore as compared to negative ₹59 crore in Q1 FY25. This sharp decline in operational efficiency has translated into deeper losses.

Profit Before Tax (PBT) widened to ₹607 crore from ₹280 crore a year ago, while Profit After Tax (PAT) also saw a steep fall to ₹455 crore from ₹213 crore.

Order Inflow and Outstanding Book

Despite the financial setback, BHEL’s order pipeline remains strong. The company reported an order inflow of ₹13,445 crore in Q1 FY26, with 57% of the orders coming from the power segment (₹7,620 crore) and the remaining 43% (₹5,825 crore) from industry including exports.

As of June 30, 2025, the order book stood at a robust ₹2,04,375 crore. Of this, the power sector continues to dominate with ₹1,61,686 crore, accounting for 79% of total outstanding orders, while industry including exports contributed ₹42,689 crore or 21%.

BHEL Share Price Performance

On August 7, 2025, BHEL share price (NSE: BHEL) opened at ₹231.85, down from its previous close of ₹239.83. At 10:23 AM, the share price of BHEL was trading at ₹225.37, down by 6.03% on the NSE.

Also Read: BHEL Secures ₹6,500 Crore Order from Adani Power!

Conclusion

BHEL’s Q1 FY26 performance reveals operational challenges despite a healthy order book. The stagnant revenue and mounting losses underline the urgency for operational restructuring. Nevertheless, the significant inflow and outstanding order pipeline indicate long-term growth visibility if execution and margins improve in subsequent quarters.

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