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BHEL Shares Hit Record After Q4 Profit Soars In FY26 Turnaround

Stronger execution with a deep backlog powered an earnings beat that could still run into near-term margin pressure.

Overview

  • BHEL stock jumped about 13 percent to a record Rs 398.95 on Monday after the company posted stronger-than-expected March-quarter results.
  • Standalone Q4 net profit rose to Rs 1,282.68 crore, about 154 percent higher than a year earlier.
  • Revenue from operations reached Rs 12,310.37 crore in Q4, up roughly 37 percent year on year.
  • For FY26, BHEL reported Rs 1,577.95 crore in net profit on Rs 33,782.18 crore in revenue, showing a sharp rebound from FY25.
  • Broker estimates had penciled in much lower profit and sales, with analysts citing a large order book near Rs 2.2 lakh crore that supports execution but warning about legacy low‑margin projects and possible gas-supply constraints.