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Bharat Heavy Electricals (500103) investor relations material
Bharat Heavy Electricals Q3 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved strong financial growth in Q3 FY2025-26 with significant increases in revenue, EBITDA, and profit after tax year-over-year.
Unaudited standalone and consolidated financial results for the quarter and nine months ended 31st December 2025 were approved on 19th January 2026.
Financial statements reviewed by independent auditors with no material misstatements identified.
Secured major orders across power, industry, and exports, expanding the outstanding order book to over Rs. 2,22,800 crore.
Delivered key operational milestones, including capacity additions, synchronizations, and full load achievements in major power projects.
Financial highlights
Standalone revenue from operations for Q3 FY26 was ₹8,473.10 crore, up from ₹7,277.09 crore in Q3 FY25.
Standalone net profit for Q3 FY26 was ₹382.49 crore, compared to ₹124.77 crore in Q3 FY25.
Consolidated net profit for Q3 FY26 was ₹390.40 crore.
EBITDA increased to Rs. 772 crore from Rs. 420 crore year-over-year.
EPS (standalone) for Q3 FY26 was ₹1.10, up from ₹0.36 in Q3 FY25.
Outlook and guidance
Cautionary statement highlights potential risks from market demand, pricing, regulations, and economic developments.
Impact of new Labour Codes, effective 21 November 2025, will be evaluated and accounted for as rules are notified.
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- FODELIA
2025 saw 8.4% revenue growth, improved profitability, and strong 2026 guidance. - RUG
Record growth, higher margins, and a SEK 5 dividend proposal mark strong annual results. - JUBLINGREA
Volume growth offset pricing pressure; Q3'FY26 net profit at ₹47 crore, dividend declared. - ENITY
Record 2025 results: 10% loan growth, 19.2% RoTE, SEK 1.4 dividend, strong outlook. - FODELIA
2025 net sales up 8.4%, strong Feelia growth, and higher sales and profitability expected in 2026. - ELMD
Revenue up 15.1% to $16.9M, net income up 44.9%, and strong margins with active buybacks. - BETOLAR
Record order intake, strong sales growth, and advances in low-carbon technology and solutions. - NORION
Net profit up 14% to SEK 1,438m, driven by Consumer and Payments growth and share buybacks. - BILI
Strong results with higher earnings, robust cash flow, and strategic expansion in key markets. - NCC
Record profits in core segments, robust cash flow, and positive outlook despite major impairment.
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