Results Snapshot
Figures in Cr
Consolidate Annual Results
Mar'26
Mar'25
Mar'24
Mar'23
Mar'22
Mar'21
Mar'20
Net Sales
33,782.18
28,339.48
23,892.78
23,364.94
21,211.09
17,308.69
21,490.01
Other Operating Income
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Total Operating income
33,782.18
28,339.48
23,892.78
23,364.94
21,211.09
17,308.69
21,490.01
Raw Material Cost
24,274.28
20,387.47
17,243.85
16,357.87
9,848.24
7,259.09
14,728.81
Purchase of Finished goods
0.00
0.00
0.00
0.00
4,141.75
3,811.94
0.00
(Increase) / Decrease In Stocks
-1,291.19
-1,542.32
-436.74
-57.15
532.41
510.86
-1,015.56
Employee Cost
6,467.62
5,923.42
5,628.84
5,700.63
5,519.05
5,378.15
5,408.71
Power Cost
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Manufacturing Expenses
0.00
0.00
0.00
0.00
271.44
288.74
0.00
Selling and Distribution Expenses
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Other Expenses
1,989.28
2,329.34
844.23
410.86
162.62
3,201.20
2,605.42
Total Expenditure (Excl Depreciation)
31,439.99
27,097.91
23,280.18
22,412.21
20,475.51
20,449.98
21,727.38
Operating Profit (PBDIT) excl Other Income
2,342.19
1,241.57
612.60
952.73
735.58
-3,141.29
-237.37
Other Income
807.65
465.31
546.27
488.63
354.54
348.42
564.30
Operating Profit (PBDIT)
3,149.84
1,706.88
1,158.87
1,441.36
1,090.12
-2,792.87
326.93
Interest
756.41
748.33
731.29
521.43
355.96
373.95
508.45
Exceptional Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Gross Profit (PBDT)
2,393.43
958.55
427.58
919.93
734.16
-3,166.82
-181.52
Depreciation
315.87
271.96
248.90
260.34
314.12
473.25
503.27
Profit Before Tax
2,077.56
686.59
178.68
659.59
420.04
-3,640.07
-684.79
Tax
538.35
211.70
-39.56
61.49
25.75
-896.23
809.28
Provisions and contingencies
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Profit After Tax
1,539.21
474.89
218.24
598.10
394.29
-2,743.84
-1,494.07
Extraordinary Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Prior Period Expenses
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Other Adjustments
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Net Profit
1,539.21
474.89
218.24
598.10
394.29
-2,743.84
-1,494.07
Share in Profit of Associates
61.05
59.01
63.98
56.02
50.42
44.14
25.72
Minority Interest
0.00
0.00
0.00
0.00
1.32
2.59
2.34
Other related items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Consolidated Net Profit
1,600.26
533.90
282.22
654.12
446.03
-2,697.11
-1,466.01
Equity Capital
696.41
696.41
696.41
696.41
696.41
696.41
696.41
Face Value
2.0
2.0
2.0
2.0
2.0
2.0
2.0
Reserves
25,450.19
24,025.75
23,742.24
23,681.85
25,810.19
25,287.25
27,964.31
Earnings per share (EPS)
4.6
1.53
0.81
1.88
1.28
-7.75
-4.21
Diluted Earnings per share
4.6
1.53
0.81
1.88
1.28
-7.75
-4.22
Operating Profit Margin (Excl OI)
6.93%
4.38%
2.56%
4.3%
3.65%
-19.28%
-1.16%
Gross Profit Margin
7.08%
3.38%
1.79%
4.16%
3.64%
-19.43%
-0.89%
PAT Margin
4.74%
1.88%
1.18%
2.95%
2.21%
-16.57%
-7.16%
Public Share Holdings (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Pledged Promotor Holding (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Annual Analysis Highlights
Net Sales
YoY Growth in year ended Mar 2026 is 19.21% vs 18.61% in Mar 2025
Consolidate Net Profit
YoY Growth in year ended Mar 2026 is 199.73% vs 89.18% in Mar 2025
Operating Profit (PBDIT) excl Other Income
YoY Growth in year ended Mar 2026 is 88.65% vs 102.67% in Mar 2025
Interest
YoY Growth in year ended Mar 2026 is 1.08% vs 2.33% in Mar 2025
Operating Profit Margin (Excl OI)
YoY Growth in year ended Mar 2026 has improved from Mar 2025
Compare Annual Results Of BHEL With
Figures in Cr
Consolidate Annual Results
Change(INR)
Change(%)
Net Sales
33,782.18
17,364.20
16,417.98
94.55%
Other Operating Income
0.00
0.00
0.00
Total Operating income
33,782.18
17,364.20
16,417.98
94.55%
Raw Material Cost
24,274.28
6,915.50
17,358.78
251.01%
Purchase of Finished goods
0.00
4,016.90
-4,016.90
-100.00%
(Increase) / Decrease In Stocks
-1,291.19
50.90
-1,342.09
-2,636.72%
Employee Cost
6,467.62
1,692.40
4,775.22
282.16%
Power Cost
0.00
0.00
0.00
Manufacturing Expenses
0.00
1,086.10
-1,086.10
-100.00%
Selling and Distribution Expenses
0.00
0.00
0.00
Other Expenses
1,989.28
1,595.40
393.88
24.69%
Total Expenditure (Excl Depreciation)
31,439.99
15,357.20
16,082.79
104.72%
Operating Profit (PBDIT) excl Other Income
2,342.19
2,007.00
335.19
16.70%
Other Income
807.65
570.30
237.35
41.62%
Operating Profit (PBDIT)
3,149.84
2,577.30
572.54
22.21%
Interest
756.41
15.10
741.31
4,909.34%
Exceptional Items
0.00
417.10
-417.10
-100.00%
Gross Profit (PBDT)
2,393.43
2,562.20
-168.77
-6.59%
Depreciation
315.87
280.30
35.57
12.69%
Profit Before Tax
2,077.56
2,281.90
-204.34
-8.95%
Tax
538.35
593.10
-54.75
-9.23%
Provisions and contingencies
0.00
0.00
0.00
Profit After Tax
1,539.21
1,688.80
-149.59
-8.86%
Extraordinary Items
0.00
0.00
0.00
Prior Period Expenses
0.00
0.00
0.00
Other Adjustments
0.00
417.10
-417.10
-100.00%
Net Profit
1,539.21
2,105.90
-566.69
-26.91%
Share in Profit of Associates
61.05
0.00
61.05
Minority Interest
0.00
-1.70
1.70
100.00%
Other related items
0.00
0.00
0.00
Consolidated Net Profit
1,600.26
2,104.20
-503.94
-23.95%
Equity Capital
696.41
71.20
625.21
878.10%
Face Value
2.00
2.00
0.00
Reserves
25,450.19
0.00
25,450.19
Earnings per share (EPS)
4.60
59.11
-54.51
-92.22%
Diluted Earnings per share
4.60
59.14
-54.54
-92.22%
Operating Profit Margin (Excl OI)
6.93%
11.56%
0.00
-4.63%
Gross Profit Margin
7.08%
14.76%
0.00
-7.68%
PAT Margin
4.74%
9.73%
0.00
-4.99%
Public Share Holdings (%)
0.00%
0.00%
0.00
0.00%
Pledged Promotor Holding (%)
0.00%
0.00%
0.00
0.00%
Annual - Net Sales
Net Sales 33,782.18 Cr
in Mar 2026Figures in Cr
YoY Growth in year ended Mar 2026 is 19.21% vs 18.61% in Mar 2025
Annual - Consolidate Net Profit
Consolidate Net Profit 1,600.26 Cr
in Mar 2026Figures in Cr
YoY Growth in year ended Mar 2026 is 199.73% vs 89.18% in Mar 2025
Annual - Operating Profit (PBDIT)
Operating Profit (PBDIT) 2,342.19 Cr
in Mar 2026Figures in Cr
YoY Growth in year ended Mar 2026 is 88.65% vs 102.67% in Mar 2025
Annual - Interest
Interest 756.41 Cr
in Mar 2026Figures in Cr
YoY Growth in year ended Mar 2026 is 1.08% vs 2.33% in Mar 2025
Annual - Operating Profit Margin (Excl OI)
Operating Profit Margin (Excl OI) 6.93%
in Mar 2026Figures in %
YoY Growth in year ended Mar 2026 has improved from Mar 2025






