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HEAVY ELECTRICALS LIMITEDMain BoardEquity2024-04-012025-03-312025-05-162025-05-02INRCroresQuarterlyFourth quarterMulti segment2025-05-1612:55:002025-05-1614:05:00trueCash Flow IndirectDeclaration of unmodified opiniontruetrueNANAfalsetrue2025-04-01https://bhel.com/policy-regard-related-party-transactions-0falsefalseNot applicable2025-01-012025-03-31AuditedStandalone89933700000158790000091521600000697880000000-1025530000015393600000201430000085020000066906000008448140000070402000000704020000091500000190820000019997000000504050000000005040500000-9200000004120500000696410000021.451.45001.451.450001 The figures have been regrouped/rearranged, wherever considered necessary to conform to the current period's classification. <BR> 2 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 16.05.2025. <BR> 3 Figures of last quarter are the balancing figures between audited figures in respect of the full financial year and the published year to date figures upto the third quarter of the financial year. <BR> 4 The Board of Directors has recommended a final dividend of Rs 0.50 per share (Face Value Rs 2 per share). <BR> 5 The financial results have been prepared in accordance with Indian Accounting Standard (IND AS) as prescribed under Section 133 of the Companies Act, 2013. <BR> 6 The Company hereby declares that the Auditors have issued Audit Report for Standalone Financial Statements with unmodified opinion for the year ended 31st March 2025. <BR> 7 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. <BR> 8. The debtors as on reporting date includes net dues of Rs 208 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 also paid an amount of Rs 40 cr on 08.05.2025. If the amount was provided for, the net impact on ‘Profit before tax’ is Rs 168 cr. <BR> 9 The company has changed its practice to vacate provision against contractual obligations wherever Performance Guarantee (PG) test is not a pre-requisite condition as per contract. Accordingly, provisions to the tune of of Rs 118.47 cr has been vacated during the year which has resulted in increase of profit. <BR> 10 Additional disclosures as per Regulation 52(4) of SEBI (Listing obligations and Disclosure Requirements ) Regulations ,2015 are enclosed at Annexure A.2024-04-012025-03-31AuditedStandalone28339480000050339000002884287000002038747000000-15423200000592342000007483300000271960000023293400000281182000000724670000007246700000231600000188540000021170000000512970000000005129700000-163500000034947000006964100000201.471.47001.471.47000The company does not have any long term debt and hence these ratios are not applicable.The company does not have any long term debt and hence these ratios are not applicable.The company does not have any long term debt and hence these ratios are not applicable.Other Expenses6690600000Other Expenses232934000002862460000016170000004500000084270000033730000000671710000030465800000071595000004434240000040677200000140749800000257195500000986949000000588435000004392100000717320000000300760000013797520000013737000001895539000004275977000000068479320000069641000002441660000002511301000002511301000001623900000021707900000217079000004227900000275597000002585560000000979390000001513543000008852210000014302400000811068000009540920000012458100000196389400000677663000001815310000000282308800000004336631000006847932000001 The figures have been regrouped/rearranged, wherever considered necessary to conform to the current period's classification. <BR> 2 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 16.05.2025. <BR> 3 Figures of last quarter are the balancing figures between audited figures in respect of the full financial year and the published year to date figures upto the third quarter of the financial year. <BR> 4 The Board of Directors has recommended a final dividend of Rs 0.50 per share (Face Value Rs 2 per share). <BR> 5 The financial results have been prepared in accordance with Indian Accounting Standard (IND AS) as prescribed under Section 133 of the Companies Act, 2013. <BR> 6 The Company hereby declares that the Auditors have issued Audit Report for Standalone Financial Statements with unmodified opinion for the year ended 31st March 2025. <BR> 7 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. <BR> 8. The debtors as on reporting date includes net dues of Rs 208 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 also paid an amount of Rs 40 cr on 08.05.2025. If the amount was provided for, the net impact on ‘Profit before tax’ is Rs 168 cr. <BR> 9 The company has changed its practice to vacate provision against contractual obligations wherever Performance Guarantee (PG) test is not a pre-requisite condition as per contract. Accordingly, provisions to the tune of of Rs 118.47 cr has been vacated during the year which has resulted in increase of profit. <BR> 10 Additional disclosures as per Regulation 52(4) of SEBI (Listing obligations and Disclosure Requirements ) Regulations ,2015 are enclosed at Annexure A.Power61924100000Industry28009600000Power209372500000Industry740223000008993370000028339480000089933700000283394800000Power3081100000Industry8773200000Power12160200000Industry1262450000011854300000247847000002014300000748330000027998000001005470000070402000007246700000Power454552900000Industry92407100000546960000000137833200000684793200000Power290759700000Industry70342600000361102300000725608000004336631000001 The figures have been regrouped/rearranged, wherever considered necessary to conform to the current period's classification. <BR> 2 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 16.05.2025. <BR> 3 Figures of last quarter are the balancing figures between audited figures in respect of the full financial year and the published year to date figures upto the third quarter of the financial year. <BR> 4 The Board of Directors has recommended a final dividend of Rs 0.50 per share (Face Value Rs 2 per share). <BR> 5 The financial results have been prepared in accordance with Indian Accounting Standard (IND AS) as prescribed under Section 133 of the Companies Act, 2013. <BR> 6 The Company hereby declares that the Auditors have issued Audit Report for Standalone Financial Statements with unmodified opinion for the year ended 31st March 2025. <BR> 7 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. <BR> 8. The debtors as on reporting date includes net dues of Rs 208 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 also paid an amount of Rs 40 cr on 08.05.2025. If the amount was provided for, the net impact on ‘Profit before tax’ is Rs 168 cr. <BR> 9 The company has changed its practice to vacate provision against contractual obligations wherever Performance Guarantee (PG) test is not a pre-requisite condition as per contract. Accordingly, provisions to the tune of of Rs 118.47 cr has been vacated during the year which has resulted in increase of profit. <BR> 10 Additional disclosures as per Regulation 52(4) of SEBI (Listing obligations and Disclosure Requirements ) Regulations ,2015 are enclosed at Annexure A.7483300000-26325300000-133515000003323400000-408412000001039500000509850000060940000009689100000-1219700000271327000005446570000027196000000-5029600000-3761700000-2475100000149200000-1697000003808000004026300000000-1803000000-8990000001385930000021106000000000-81290000002191890000000000000134600000281540000057600000000000000000000038080000037174000000-28784100000-2730910000000000000-1300000000553600000874400000701010000000-8568100000-139583000000-13958300000183504000004392100000Other comprehensive income-1229400000-1229400000Other comprehensive income-2184900000-2184900000-309400000-549900000-920000000-1635000000BHARAT HEAVY ELECTRICALS LIMITED******BHEL-GE Gas Turbine Services Pvt. Ltd. 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(NBPPL)******Joint venturesPurchase of goods or services-0365400000384000000BHARAT HEAVY ELECTRICALS LIMITED******Raichur Power Corporation Ltd. (RPCL)******Joint venturesPurchase of goods or services-07590000081700000BHARAT HEAVY ELECTRICALS LIMITED******BHEL-COAL Gasification And Chemicals Ltd. (BCGCL)******Joint venturesInvestment-000BHARAT HEAVY ELECTRICALS LIMITED******Powerplant Performance Improvement Ltd. (PPIL)******Joint venturesAny other transactionNo Transaction-000BHARAT HEAVY ELECTRICALS LIMITED******Sh. Koppu Sadashiv Murthy******Chairman & Managing DirectorRemuneration-380000000BHARAT HEAVY ELECTRICALS LIMITED******Sh. Jai Prakash Srivastava******Director (E,R&D)Remuneration-400000000BHARAT HEAVY ELECTRICALS LIMITED******Sh. Krishna Kumar Thakur******Director (HR)Remuneration-280000000BHARAT HEAVY ELECTRICALS LIMITED******Sh. Tajinder Gupta******Director (Power)Remuneration-370000000BHARAT HEAVY ELECTRICALS LIMITED******Ms. Bani Varma******Director (IS&P)Remuneration-380000000BHARAT HEAVY ELECTRICALS LIMITED******Sh. Rajesh Kumar Dwivedi******Director (Finance)Remuneration-350000000BHARAT HEAVY ELECTRICALS LIMITED******Dr. Yogesh R Chhabra******Company SecretaryRemuneration-270000000BHARAT HEAVY ELECTRICALS LIMITED******Sh. 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