Revenue from operations rose 16% YoY to Rs 8,473 crore from Rs 7,277 crore a year earlier, reflecting improved project execution and a stronger order pipeline. Total income for the quarter, including other income, stood at Rs 8,700 crore, up from Rs 7,393 crore in the year-ago period. On the cost side, total expenses rose to Rs 8,188 crore from Rs 7,224 crore in the year-ago quarter. The cost of materials and services increased to Rs 6,059 crore, while employee benefit expenses edged up marginally to Rs 1,531 crore. Finance costs declined sequentially to Rs 182 crore from Rs 195 crore in the September quarter, which provided additional support to profitability.
Profit before tax for the quarter stood at Rs 512 crore, sharply higher than Rs 169 crore reported in the corresponding period last year. After accounting for a tax expense of Rs 129 crore, the company reported a net profit of Rs 382 crore for the quarter.
For the nine months ended December 2025, BHEL posted a net profit of Rs 295 crore, marking a sharp turnaround from Rs 8.9 crore in the year-ago period. Revenue from operations for the nine months rose to Rs 21,472 crore from Rs 19,346 crore a year earlier.
The improved quarterly performance underscores stronger execution momentum and a gradual recovery in profitability after a prolonged period of pressure, aided by higher revenues and better cost control.
On Monday, BHEL shares were trading 2% lower at Rs 259.50 on the NSE.