BHEL Q3 net slips 41% to Rs 695 cr on lower revenues

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26 Aug, 2025 12:21

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State-owned power equipment maker Bharat Heavy Electricals' (BHEL) net profit fell 41 percent year-on-year to Rs 695 crore during October-December quarter on account of lower revenues in its power and industry segments.

Net sales slipped 15.7 percent, higher-than-expected, to Rs 8,462 crore compared to same quarter last year.

According to CNBC-TV18 poll, analysts had expected the company to report net profit of Rs 644 crore on revenues of Rs 8,790 crore for the quarter.

Year-on-year earnings before interest, tax, depreciation and amortisation or operating profit halved to Rs 813 crore and margin declined 640 basis points to 9.6 percent in the quarter ended December 2013. Analysts had estimated EBITDA at Rs 804 crore and margin at 9.2 percent.

Revenue from its power segment (contributes 80 percent of revenues) dropped 11.9 percent to Rs 7,319 crore and industry revenue plunged 28.4 percent to Rs 1,600 crore compared to corresponding quarter of last fiscal due to lower orders.

Earnings before interest and tax (EBIT) of power segment declined 20.6 percent to Rs 1,208.35 crore and industry EBIT halved to Rs 232 crore from Rs 409 crore during the same period.

Outstanding order book of the company as on December 31 stood at Rs 1 lakh crore as against Rs 1.02 lakh crore in previous quarter.

Meanwhile, the company has declared an interim dividend of Rs 1.31/share for the year ended March 2014.

At 13:54 hours IST, the stock was down 0.7 percent to Rs 162.25 amid large volumes on the BSE.