BHEL Q3 Results: Profit More Than Doubles, Beats Estimates
Bharat Heavy Electricals' revenue rose 32% to Rs 7,277 crore in the December quarter.
Bharat Heavy Electricals Ltd.'s consolidated net profit more than doubled in the third quarter of the current financial year, beating analysts' estimates.
The power equipment manufacturer's bottom line rose to Rs 135 crore during the October–December period from Rs 60.3 crore in the year-ago period, according to an exchange filing on Tuesday. The consensus estimate of analysts tracked by Bloomberg was Rs 121 crore.
BHEL Q3 FY25 Highlights (Consolidated, YoY)
Revenue up 32% to Rs 7,277 crore versus Rs 5,504 crore (Bloomberg estimate: Rs 6,792 crore).
Ebitda rose 41% to Rs 304 crore versus Rs 216 crore (Estimate: Rs 302 crore).
Margin expands 30 basis points to 4.2% versus 3.9% (Estimate: 4.4%).
Net profit at Rs 135 crore versus Rs 60.3 crore (Estimate: Rs 121 crore).
The uptick in revenue was due to a 32% growth in both of its segmental revenues — power and industry. BHEL's Ebitda growth was on the back of higher top-line growth and inventory reversal of Rs 310.7 crore.
The company's net-profit growth was due to the trickle-down effect of higher revenue and Ebitda growth.
