BHEL Q3 Results: Defence PSU Posts 190% Jump in Profit to ₹390 Crore; Revenue Surges 16% YoY

Market Performance

BHEL, the state-run defence and power equipment company, delivered a strong performance in Q3FY26, showcasing both robust revenue growth and a sharp rise in profitability.

• Consolidated net profit: ₹390.40 crore, up 190% YoY from ₹134.70 crore
• Sequential growth: Up 4.13% from ₹374.89 crore in Q2FY26
• Revenue from operations: ₹8,473.10 crore, up 16.4% YoY from ₹7,277.09 crore
• Other income: ₹218.75 crore, a 102% YoY jump from ₹107.91 crore

This growth highlights BHEL’s ability to sustain profitability even amid evolving business conditions.

BHEL Q3FY26 Financial Snapshot

BHEL’s operational performance was equally strong, with significant improvement in its EBITDA and margins.

• EBITDA: ₹545 crore, up 79% YoY from ₹304.5 crore
• EBITDA margin: 6.4%, compared to 4.2% in Q3FY25

The improved margins indicate tighter cost control and higher operational efficiency.

Key Operational Update: Karkhiyaon Plant

BHEL’s board approved the short closure of the proposed Karkhiyaon plant in Varanasi.

• The original plan for the plant has been revised, and the products will now be manufactured at other BHEL locations.
• The decision reflects the company’s strategic alignment with current business needs and operational efficiencies.

BHEL Share Price Performance

BHEL’s stock has seen mixed performance over different timeframes:

• 1 month: Down 6%
• 3 months: Up 11%
• 6 months: Up 3%
• 1 year: Up 21%
• 3 years: Jumped 223%
• 5 years: Delivered multibagger returns of 550%

At 11:50 AM, BHEL shares were trading 0.77% lower at ₹263.50 on the BSE.

Summary

BHEL’s Q3FY26 results demonstrate strong profit growth and operational resilience. Revenue rose 16% YoY, while net profit surged 190%. The decision to shift Karkhiyaon plant operations reflects strategic agility, and the company’s stock performance over multiple periods shows steady long-term growth.

For readers tracking BHEL Q3 results, this quarter confirms the PSU’s capability to sustain strong financial and operational momentum in a dynamic market environment.

Source: Livemint