BHEL share price today: Shares of Bharat Heavy Electricals Ltd (BHEL) fell nearly 5% on Thursday, 15 October, despite the state-owned engineering major reporting a sharp rise in its September-quarter earnings. The stock had gained almost 4% in the previous session following the announcement of its Q2 results.
BHEL reported a more than two-fold increase in consolidated net profit to ₹820.94 crore for the July-September quarter of FY27, compared with ₹374.89 crore in the corresponding quarter last year. The improvement was supported by higher revenue from its power and industry businesses.
The company's total income rose 24% year-on-year to ₹9,553.01 crore in Q2, from ₹7,686.11 crore in the same period of the previous financial year.
Revenue from the power segment increased to ₹6,637.90 crore from ₹5,675.64 crore a year ago. The industry business also recorded growth, with revenue rising to ₹2,662.45 crore from ₹1,836.16 crore in the year-ago quarter.
However, BHEL's expenses climbed to ₹8,482.40 crore in the September quarter, compared with ₹7,201.54 crore in the corresponding period last year.