BHEL2023-10-012023-12-31 BHEL2023-10-012023-12-31 BHEL2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member BHEL2023-10-012023-12-31in-bse-fin:OneOperatingExpenses02Member BHEL2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member BHEL2023-10-012023-12-31in-bse-fin:FourOperatingExpenses02Member BHEL2023-12-31 BHEL2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue01Member BHEL2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue02Member BHEL2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue01Member BHEL2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue02Member BHEL2023-10-012023-12-31in-bse-fin:OneReportableSegmentResults01Member BHEL2023-10-012023-12-31in-bse-fin:OneReportableSegmentResults02Member BHEL2023-10-012023-12-31in-bse-fin:FourReportableSegmentResults01Member BHEL2023-10-012023-12-31in-bse-fin:FourReportableSegmentResults02Member BHEL2023-10-012023-12-31in-bse-fin:OneReportableSegmentAssets01Member BHEL2023-10-012023-12-31in-bse-fin:OneReportableSegmentAssets02Member BHEL2023-10-012023-12-31in-bse-fin:OneReportableSegmentLiabilities01Member BHEL2023-12-31in-bse-fin:OneReportableSegmentLiabilities01Member BHEL2023-10-012023-12-31in-bse-fin:OneReportableSegmentLiabilities02Member BHEL2023-12-31in-bse-fin:OneReportableSegmentLiabilities02Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 500103 BHEL NOTLISTED Bharat Heavy Electricals Limited Equity 2023-04-01 2024-03-31 2024-02-13 2024-02-01 INR Crores Third quarter 13:30:00 14:24:00 2024-02-13 2024-02-13 Not applicable Multi segment 2023-10-01 2023-12-31 Unaudited Consolidated 55038100000.00 958200000.00 55996300000.00 39394800000.00 0.00 19200000.00 14420100000.00 1896000000.00 606000000.00 1832600000.00 58168700000.00 -2172400000.00 0.00 -2172400000.00 64400000.00 -525800000.00 -461400000.00 0.00 -1711000000.00 0.00 0.00 0.00 223300000.00 -1487700000.00 -122200000.00 -1609900000.00 -1609900000.00 0.00 6964100000.00 2 -0.43 -0.43 0.00 0.00 -0.43 -0.43 0.00 0.00 0.00 1. The figures have been regrouped/rearranged , wherever considered necessary to conform to the current period's classification. 2. The above results have been prepared in accordance with applicable SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. These results have been reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on 13.02.2024 3. 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. 4. As per the extant Accounting Policy of the company, the loss allowance in respect of Trade Receivables are measured at an amount equal to lifetime expected credit losses (ECL). ICAI opinion with respect to “Factoring time value of money while calculating Expected Credit Losses (ECL) on deferred debt (retention money) under Ind AS framework” is received in the quarter under review. In view of the complexities involved in working out the revised ECL model (incl. for contract asset liquidation aligned with timelines & other inputs from customers on the likely milestone achievement schedules), the methodology thereof is being comprehensively reviewed, along with the quantification of the same. The company is working on priority and shall conclude by Mar’24. Post the same, the resultant impact will be suitably incorporated in other equity / current year profitability in the year-end (FY 2023-24) financial statements. 5. Additional disclosures as per Regulation 52(4) of SEBI (Listing obligations and Disclosure Requirements ) Regulations ,2015 are enclosed at Annexure A. Multi segment 2023-04-01 2023-12-31 Unaudited Consolidated 156325300000.00 3896800000.00 160222100000.00 112304600000.00 0.00 -2018400000.00 41441600000.00 5379700000.00 1805000000.00 12744100000.00 171656600000.00 -11434500000.00 0.00 -11434500000.00 -828800000.00 -2794000000.00 -3622800000.00 0.00 -7811700000.00 0.00 0.00 0.00 503900000.00 -7307800000.00 -365100000.00 -7672900000.00 -7672900000.00 0.00 6964100000.00 2 -2.10 -2.10 0.00 0.00 -2.10 -2.10 0.00 0.00 0.00 Consumption of Stores & Spares 879000000.00 Other Expenses 953600000.00 Consumption of Stores & Spares 2579100000.00 Other Expenses 10165000000.00 Industry 12129700000.00 Power 40605200000.00 Industry 32297800000.00 Power 118068600000.00 52734900000.00 150366400000.00 52734900000.00 150366400000.00 Industry -42000000.00 Power 1427900000.00 Industry -850100000.00 Power -1353400000.00 1385900000.00 -2203500000.00 1896000000.00 5379700000.00 1439000000.00 1. The figures have been regrouped/rearranged , wherever considered necessary to conform to the current period's classification. 2. The above results have been prepared in accordance with applicable SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. These results have been reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on 13.02.2024 3. 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. 4. As per the extant Accounting Policy of the company, the loss allowance in respect of Trade Receivables are measured at an amount equal to lifetime expected credit losses (ECL). ICAI opinion with respect to “Factoring time value of money while calculating Expected Credit Losses (ECL) on deferred debt (retention money) under Ind AS framework” is received in the quarter under review. In view of the complexities involved in working out the revised ECL model (incl. for contract asset liquidation aligned with timelines & other inputs from customers on the likely milestone achievement schedules), the methodology thereof is being comprehensively reviewed, along with the quantification of the same. The company is working on priority and shall conclude by Mar’24. Post the same, the resultant impact will be suitably incorporated in other equity / current year profitability in the year-end (FY 2023-24) financial statements. 5. Additional disclosures as per Regulation 52(4) of SEBI (Listing obligations and Disclosure Requirements ) Regulations ,2015 are enclosed at Annexure A. 3347400000.00 -1949100000.00 -10930600000.00 Industry 89593500000.00 Power 434905400000.00 524498900000.00 90468600000.00 614967500000.00 Industry 57418200000.00 Power 218708700000.00 276126900000.00 79625900000.00 355752800000.00 -163300000.00 -487900000.00 -41100000.00 -122800000.00