Integrated Filing — IndAS



General information about company
Scrip Code 500103
NSE Symbol BHEL
MSEI Symbol BHEL
ISIN INE257A01026
Name of company BHARAT HEAVY ELECTRICALS LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Date of board meeting when results were approved 06-Aug-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 23-Jul-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter First quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 06-Aug-2025   16:10:00
End date and time of board meeting 06-Aug-2025   17:50:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
Whether the company has any related party?
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.
Whether the company is a high value debt listed entity according to regulation 15 (1A)?
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?
Latest Date on which RPT policy is updated
Indicate Company website link for updated RPT policy of the Company
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not applicable



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 54869100000
Other income 1854400000
Total income 56723500000
2 Expenses
(a) Cost of materials consumed 41279800000
(b) Purchases of stock-in-trade 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -2414400000
(d) Employee benefit expense 14624600000
(e) Finance costs 1812100000
(f) Depreciation, depletion and amortisation expense 745200000
(f) Other Expenses
1 Other expenses 6750500000 6750500000
Total other expenses 6750500000
Total expenses 62797800000
3 Total profit before exceptional items and tax -6074300000
4 Exceptional items 0
5 Total profit before tax -6074300000
6 Tax expense
7 Current tax 3400000
8 Deferred tax -1528800000
9 Total tax expenses -1525400000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0
11 Net Profit Loss for the period from continuing operations -4548900000
12 Profit (loss) from discontinued operations before tax 0
13 Tax expense of discontinued operations 0
14 Net profit (loss) from discontinued operation after tax 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0
16 Total profit (loss) for period -4548900000
17 Other comprehensive income net of taxes -336700000
18 Total Comprehensive Income for the period -4885600000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 6964100000
Face value of equity share capital 2
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -1.31
Diluted earnings (loss) per share from continuing operations -1.31
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0
Diluted earnings (loss) per share from discontinued operations 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -1.31
Diluted earnings (loss) per share from continuing and discontinued operations -1.31
24 Debt equity ratio 0
25 Debt service coverage ratio 0
26 Interest service coverage ratio 0
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) 1. The figures have been regrouped/rearranged, wherever considered necessary to conform to the current periods classification. tttt n2. The above results have been prepared in accordance with applicable SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended. These results have been reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on 06.08.2025.ttt n3. The financial results have been prepared in accordance with Indian Accounting Standard (IND-AS) as prescribed under Section 133 of the Companies Act, 2013. The Statutory Auditors of the company have carried out the limited review of these results in terms of Regulation 33 and 52 of SEBI (Listing Obligations and disclosure requirements), Regulations, 2015, as amended.tttt n4. Trade receivables includes overdue amount of Rs. 211 Cr (USD 25.5 million) from customer STPG (formerly NEC Sudan), stuck on account of civil war, which has been considered good and not provided for as approved by the Board. If the amount was provided for, the impact on Profit before tax is Rs. 211 cr.t n5. The debtors as on reporting date includes net dues of Rs 185 cr against RVUNL/ Suratgarh 7 & 8 Project (2*660 MW) (More than 3 years from trial operation). Creation of provision is not prudent on the basis of recoverability as customer has issued amendment for delivery extension & confirmed that payment is under process and will remit the amount shortly. Further, Customer has paid an amount of Rs. 90 Cr in FY 2025-26 (till 31.07.25) out of which Rs 50 cr is received on 21.07.2025. If the amount was provided for, the net impact on Profit before tax is Rs 135 Cr.tttt n6. Additional disclosures as per Regulation 52(4) of SEBI (Listing obligations and Disclosure Requirements) Regulations ,2015 are enclosed at Annexure A.t n



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2025
Date of end of reporting period 30-Jun-2025
Whether accounts are audited or unaudited Unaudited
Nature of report standalone or consolidated Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Power 38988600000 38988600000
2 Industry 15880500000 15880500000
Total Segment Revenue 54869100000
Less: Inter segment revenue 0 0
Revenue from operations 54869100000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Power -5100000000 -5100000000
2 Industry 3068400000 3068400000
Total Profit before tax -2031600000
i. Finance cost 1812100000 1812100000
ii. Other Unallocable Expenditure net off Unallocable income 2230600000 2230600000
Profit before tax -6074300000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Power 460759800000 460759800000
2 Industry 95269100000 95269100000
Total Segment Asset 556028900000 556028900000
Un-allocable Assets 137776300000 137776300000
Net Segment Asset 693805200000 693805200000
4 Segment Liabilities
Segment Liabilities
1 Power 272180200000 272180200000
2 Industry 67737200000 67737200000
Total Segment Liabilities 339917400000 339917400000
Un-allocable Liabilities 107643300000 107643300000
Net Segment Liabilities 447560700000 447560700000
Disclosure of notes on segments Textual Information(2)



Text Block
Textual Information(2) 1. The figures have been regrouped/rearranged, wherever considered necessary to conform to the current periods classification. tttt n2. The above results have been prepared in accordance with applicable SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended. These results have been reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on 06.08.2025.ttt n3. The financial results have been prepared in accordance with Indian Accounting Standard (IND-AS) as prescribed under Section 133 of the Companies Act, 2013. The Statutory Auditors of the company have carried out the limited review of these results in terms of Regulation 33 and 52 of SEBI (Listing Obligations and disclosure requirements), Regulations, 2015, as amended.tttt n4. Trade receivables includes overdue amount of Rs. 211 Cr (USD 25.5 million) from customer STPG (formerly NEC Sudan), stuck on account of civil war, which has been considered good and not provided for as approved by the Board. If the amount was provided for, the impact on Profit before tax is Rs. 211 cr.t n5. The debtors as on reporting date includes net dues of Rs 185 cr against RVUNL/ Suratgarh 7 & 8 Project (2*660 MW) (More than 3 years from trial operation). Creation of provision is not prudent on the basis of recoverability as customer has issued amendment for delivery extension & confirmed that payment is under process and will remit the amount shortly. Further, Customer has paid an amount of Rs. 90 Cr in FY 2025-26 (till 31.07.25) out of which Rs 50 cr is received on 21.07.2025. If the amount was provided for, the net impact on Profit before tax is Rs 135 Cr.tttt n6. Additional disclosures as per Regulation 52(4) of SEBI (Listing obligations and Disclosure Requirements) Regulations ,2015 are enclosed at Annexure A.t n



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Other comprehensive income -449900000 -449900000
Total Amount of items that will not be reclassified to profit and loss -449900000
2 Income tax relating to items that will not be reclassified to profit or loss -113200000
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0
5 Total Other comprehensive income -336700000