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BHEL Shares Decline Ahead of Q2 Results: What Analysts Expect from the PSU
- •Shares of Bharat Heavy Electricals Ltd. traded lower ahead of its second quarter earnings announcement scheduled for October 14.
- •Analysts polled by CNBC-TV18 expect BHEL to report a 23 percent increase in revenue to 9,236 crore rupees.
- •EBITDA is projected to surge by 52 percent to 881 crore rupees, with margins likely expanding by 180 basis points to 9.5 percent.
- •Net profit is anticipated to jump 78 percent to 654.4 crore rupees, driven by sustained execution in the power and industry segments.
- •Order inflows are expected to remain muted for the quarter, while overall company turnaround is projected to become evident in the second half of fiscal year 2027.
Key Questions Answered
A CNBC-TV18 poll of analysts expects BHEL's Q2 revenue to increase by 23% to ₹9,236 crore. Additionally, EBITDA is projected to rise by 52% to ₹881 crore, and net profit is anticipated to surge 78% to ₹654.4 crore compared to the previous year.
Analysts believe BHEL's growth will be driven by sustained execution in the power segment and improved execution in the industry segment, while a ramp-up in executions supports margins. Furthermore, the company benefits from heavy infrastructure and power sector spending under the overall capex cycle.
In the June 2026 quarter, BHEL posted a consolidated net profit of ₹376.71 crore with net sales reaching ₹7,697.72 crore. Earlier for the fiscal fourth quarter ending March 2026, the company reported a net profit of ₹1,283 crore and revenue of ₹12,310 crore.
