BHEL Q1 FY27 Results: PAT Turns Positive at ₹377 Crore, Revenue Up 40%
BHEL reported a sharp turnaround in Q1 FY27 as revenue climbed 40% year-on-year and the company returned to profit.
BHEL Q1 Results 2027: BHEL reported a strong turnaround in Q1 FY27, with revenue from operations rising 40.29% YoY to ₹7,697.72 crore and PAT turning positive at ₹376.71 crore. The company also posted positive EBITDA after reporting an operating loss in the year-ago quarter.
BHEL Q1 FY27 Results: On 16 July, Bharat Heavy Electricals Limited (BHEL) reported a strong recovery in the first quarter of FY27, driven by strong execution that led to healthy revenue growth and a return to profitability. While revenue and PAT improved on a year-on-year basis, the company saw a quarterly decline following a seasonally strong March quarter. Here is a detailed breakdown of the Q1 FY27 results.
BHEL Q1 FY27 Results Highlights
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BHEL reported revenue from operations of ₹7,697.72 crore in Q1 FY27, registering 40.29% YoY growth from ₹5,486.91 crore in the same quarter last year. Quarterly, revenue from operations declined 37.47% from Q4 FY26.
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Total revenue stood at ₹7,911.86 crore, up 39.83% YoY from ₹5,658.07 crore. Compared with March quarter, total revenue declined 36.97%.
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EBITDA (excluding other income) stood at ₹503.86 crore, compared with an EBITDA loss of ₹537.14 crore in Q1 FY26, reflecting a sharp turnaround in operating performance.
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Profit After Tax (PAT) came in at ₹376.71 crore, compared with a net loss of ₹455.50 crore in the corresponding quarter last year. Quarterly, PAT declined 70.81% from Q4 FY26. The company returned to profitability on a year-on-year basis following a loss in Q1 FY26.
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PAT margin improved to 4.89%, compared with a negative margin of 8.30% in Q1 FY26, while declining from 10.48% in Q4 FY26.
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Earnings Per Share (EPS) stood at ₹1.08, compared with a loss per share of ₹1.31 in Q1 FY26, while declining from ₹3.71 in Q4 FY26.
|
Metric |
Q1 FY27 |
Q4 FY26 |
QoQ Change |
Q1 FY26 |
YoY Change |
|---|---|---|---|---|---|
|
Revenue from Operations (₹ Cr) |
7,697.72 |
12,310.37 |
-37.47% |
5,486.91 |
40.29% |
|
Total Revenue (₹ Cr) |
7,911.86 |
12,553.50 |
-36.97% |
5,658.07 |
39.83% |
|
EBITDA (Excluding Other Income) (₹ Cr) |
503.86 |
1,753.10 |
-71.26% |
(537.14) |
Turned Positive |
|
EBITDA Margin (%) |
6.55% |
14.24% |
-769 bps |
-9.79% |
+1,634 bps |
|
Profit After Tax (PAT) (₹ Cr) |
376.71 |
1,290.47 |
-70.81% |
(455.50) |
Turned Positive |
|
PAT Margin (%) |
4.89% |
10.48% |
-559 bps |
-8.30% |
+1,319 bps |
|
EPS (₹) |
1.08 |
3.71 |
-70.89% |
(1.31) |
Turned Positive |
Source: BHEL Q1 FY27 Consolidated Financial Results.
READ THIS ALSO: Tech Mahindra Q1 Results 2027
BHEL Q1 Segment-wise Revenue
BHEL's Power segment remained the largest contributor to revenue in Q1 FY27, posting strong 51.83% year-on-year growth. The Industry segment also reported double-digit growth, although both segments saw lower revenue compared with the seasonally strong March quarter.
|
Segment |
Q1 FY27 (₹ Cr) |
Q4 FY26 (₹ Cr) |
QoQ Change |
Q1 FY26 (₹ Cr) |
YoY Change |
|---|---|---|---|---|---|
|
Power |
5,919.50 |
9,509.85 |
-37.75% |
3,898.86 |
51.83% |
|
Industry |
1,778.22 |
2,800.52 |
-36.50% |
1,588.05 |
11.98% |
|
Total |
7,697.72 |
12,310.37 |
-37.47% |
5,486.91 |
40.29% |
BHEL Share Price Today
As of 16th July 2026 3:20 PM
Following its Q1 FY27 earnings announcement, BHEL shares were trading at ₹439.60 on NSE, up nearly 5% during Thursday's trading session. The stock has gained around 51% on a year-to-date (YTD) basis and is up approximately 73% over the one year from July 16, 2025, to July 16, 2026.
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