5001032026-01-012026-03-315001032026-03-315001032025-03-315001032025-04-012026-03-315001032026-01-012026-03-31in-capmkt:OtherExpenses1Member5001032025-04-012026-03-31in-capmkt:OtherExpenses1Member5001032026-03-31OtherNoncurrentFinancialAssetsDomain15001032026-03-31OtherNoncurrentFinancialAssetsDomain25001032026-03-31OtherNoncurrentAssetsDomain15001032026-03-31OtherNoncurrentAssetsDomain25001032026-03-31OtherNoncurrentAssetsDomain35001032026-03-31OtherCurrentFinancialAssetsDomain15001032026-03-31OtherCurrentFinancialAssetsDomain25001032026-03-31OtherCurrentAssetsDomain15001032026-03-31OtherCurrentAssetsDomain25001032026-03-31OtherCurrentAssetsDomain35001032026-03-31OtherNoncurrentFinancialLiabilitiesDomain15001032026-03-31OtherNoncurrentFinancialLiabilitiesDomain25001032026-03-31OtherNoncurrentLiabilitiesDomain15001032026-03-31OtherCurrentFinancialLiabilitiesDomain15001032026-03-31OtherCurrentFinancialLiabilitiesDomain25001032026-03-31OtherCurrentFinancialLiabilitiesDomain35001032026-03-31OtherCurrentFinancialLiabilitiesDomain45001032026-03-31OtherCurrentLiabilitiesDomain15001032026-03-31OtherCurrentLiabilitiesDomain25001032026-01-012026-03-31in-capmkt:ReportableSegments1Member5001032026-01-012026-03-31in-capmkt:ReportableSegments2Member5001032025-04-012026-03-31in-capmkt:ReportableSegments1Member5001032025-04-012026-03-31in-capmkt:ReportableSegments2Member5001032026-01-012026-03-31in-capmkt:ReportableSegments1Member5001032026-01-012026-03-31in-capmkt:ReportableSegments2Member5001032025-04-012026-03-31in-capmkt:ReportableSegments1Member5001032025-04-012026-03-31in-capmkt:ReportableSegments2Member5001032026-01-012026-03-31in-capmkt:ReportableSegments1Member5001032026-03-31in-capmkt:ReportableSegments1Member5001032026-01-012026-03-31in-capmkt:ReportableSegments2Member5001032026-03-31in-capmkt:ReportableSegments2Member5001032026-01-012026-03-31in-capmkt:ReportableSegments1Member5001032026-03-31in-capmkt:ReportableSegments1Member5001032026-01-012026-03-31in-capmkt:ReportableSegments2Member5001032026-03-31in-capmkt:ReportableSegments2Member5001032026-01-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15001032025-04-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15001032026-01-012026-03-31AuditorDomain15001032026-01-012026-03-31AuditorDomain2iso4217:INRxbrli:pureiso4217:INRxbrli:shares500103BHELNOTLISTEDINE257A01026BHARAT HEAVY ELECTRICALS LIMITEDMain BoardEquity2025-04-012026-03-312026-05-042026-04-27INRCroresQuarterlyFourth quarterMulti segment2026-05-0409:48:002026-05-0411:05:00trueCash Flow IndirectDeclaration of unmodified opinion2026-01-012026-03-31AuditedConsolidated1231037000002431300000125535000000834612000000-3254800000199448000001975200000879000000542150000010842690000017108100000017108100000187000004352500000437120000001273690000000016780000012904700000100610000013910800000696410000023.713.71003.713.710001) The figures have been regrouped/rearranged, wherever considered necessary to conform to the current period classification. <BR> 2) The above results have been prepared in accordance with applicable SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended. It may be noted that since currently there is one Independent Director on the Board of BHEL, the meeting of the Board Level Audit Committee cannot be held due to lack of quorum. Accordingly, the results were directly placed in the Board Meeting held on 04.05.2026 and were reviewed & approved by the Board of Directors in this meeting. <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 ……... 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 2026 <BR> 7) Trade receivables includes overdue amount of Rs.196 Cr (USD 23 million post receipt of 2.5 Million in Current Year) [Previous Year Rs 211 Cr (USD 25.5 Million)] from customer STPG (formerly NEC Sudan), stuck due to ongoing crisis in Sudan, which has been considered good and not provided for. If the amount is provided for, the impact on ‘Profit before tax’ is Rs.179 Cr (net of ECL provision). <BR> 8) The Government of India has notified the four Labour Codes, collectively referred to as the New Labour Codes, on 21 November 2025. However, the detailed rules under these codes are yet to be fully notified and brought into effect. Any financial impact will be recognised in the period in which the relevant rules are notified and become effective, in accordance with applicable accounting standards. The Company has recognised a provision for gratuity in respect of fixed-term employees based on guidance issued by the Institute of Chartered Accountants of India, using actuarial valuation principles consistent with Ind AS 19 - Employee Benefits. <BR> 9) Additional disclosures as per Regulation 52(4) of SEBI (Listing obligations and Disclosure Requirements) Regulations ,2015 are enclosed at Annexure A. <BR> 2025-04-012026-03-31AuditedConsolidated33782180000080765000003458983000002427428000000-1291190000064676200000756410000031587000001989280000032512270000020775600000020775600000331000005350400000538350000001539210000000061050000016002600000-6100000159965000006964100000204.64.6004.64.6000Other Expenses5421500000Other Expenses198928000002933280000039920000005200000064730000095850000003020600000024269300000025878000002685710000035328000000147161100000247302600000133345800000067962700000143545000001043117000000332130000018995020000020272000001892303000005145535000000076185610000069641000002545019000002614660000002614660000001681800000013434400000134344000004109600000192258000002354620000004639000001341324000001773683000008018770000019321100000855949000001049160000001313300000019823670000010553450000019189100000061500000323021800000005003901000007618561000001) The figures have been regrouped/rearranged, wherever considered necessary to conform to the current period classification. <BR> 2) The above results have been prepared in accordance with applicable SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended. It may be noted that since currently there is one Independent Director on the Board of BHEL, the meeting of the Board Level Audit Committee cannot be held due to lack of quorum. Accordingly, the results were directly placed in the Board Meeting held on 04.05.2026 and were reviewed & approved by the Board of Directors in this meeting. <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 1.40 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 2026 <BR> 7) Trade receivables includes overdue amount of Rs.196 Cr (USD 23 million post receipt of 2.5 Million in Current Year) [Previous Year Rs 211 Cr (USD 25.5 Million)] from customer STPG (formerly NEC Sudan), stuck due to ongoing crisis in Sudan, which has been considered good and not provided for. If the amount is provided for, the impact on ‘Profit before tax’ is Rs.179 Cr (net of ECL provision). <BR> 8) The Government of India has notified the four Labour Codes, collectively referred to as the New Labour Codes, on 21 November 2025. However, the detailed rules under these codes are yet to be fully notified and brought into effect. Any financial impact will be recognised in the period in which the relevant rules are notified and become effective, in accordance with applicable accounting standards. The Company has recognised a provision for gratuity in respect of fixed-term employees based on guidance issued by the Institute of Chartered Accountants of India, using actuarial valuation principles consistent with Ind AS 19 - Employee Benefits. <BR> 9) Additional disclosures as per Regulation 52(4) of SEBI (Listing obligations and Disclosure Requirements) Regulations ,2015 are enclosed at Annexure A.Security deposits1143500000Others1444300000Contract assets (including unbilled revenue)141967200000Security deposits1024000000Loans & advances4169900000Security deposits1258900000Others2062400000Contract assets (including unbilled revenue)151928900000Security deposits4598800000Loans & advances32702600000Deposits from contractors & others3990200000Others119400000Contract liabilities (Advances received from customers incl.excess of billing over revenue)134132400000Deposits from contractors & others8449700000Employees Dues1947200000Capital Expenditure1309400000Others1426700000Contract liabilities (Advances received from customers incl.excess of billing over revenue)91103900000Liabilities towards statutory dues14430600000Power95098500000Industry28005200000Power254067100000Industry8375470000012310370000033782180000000123103700000337821800000Power18699000000Industry6730300000Power24512400000Industry168407000002542930000041353100000197520000075641000006178200000124029000001727590000021386100000Power492089300000Industry105424900000597514200000164341900000761856100000Power325179700000Industry77353100000402532800000978573000005003901000001) The figures have been regrouped/rearranged, wherever considered necessary to conform to the current period classification. <BR> 2) The above results have been prepared in accordance with applicable SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended. It may be noted that since currently there is one Independent Director on the Board of BHEL, the meeting of the Board Level Audit Committee cannot be held due to lack of quorum. Accordingly, the results were directly placed in the Board Meeting held on 04.05.2026 and were reviewed & approved by the Board of Directors in this meeting. <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 ……... 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 2026 <BR> 7) Trade receivables includes overdue amount of Rs.196 Cr (USD 23 million post receipt of 2.5 Million in Current Year) [Previous Year Rs 211 Cr (USD 25.5 Million)] from customer STPG (formerly NEC Sudan), stuck due to ongoing crisis in Sudan, which has been considered good and not provided for. If the amount is provided for, the impact on ‘Profit before tax’ is Rs.179 Cr (net of ECL provision). <BR> 8) The Government of India has notified the four Labour Codes, collectively referred to as the New Labour Codes, on 21 November 2025. However, the detailed rules under these codes are yet to be fully notified and brought into effect. Any financial impact will be recognised in the period in which the relevant rules are notified and become effective, in accordance with applicable accounting standards. The Company has recognised a provision for gratuity in respect of fixed-term employees based on guidance issued by the Institute of Chartered Accountants of India, using actuarial valuation principles consistent with Ind AS 19 - Employee Benefits. <BR> 9) Additional disclosures as per Regulation 52(4) of SEBI (Listing obligations and Disclosure Requirements) Regulations ,2015 are enclosed at Annexure A.7564100000-34015000000-4709300000-67670000012492000000-3330700000-4571700000313700000010096000000-82735000003782970000035079100000315870000001036000000-3146100000721200000-118300000-4334700000-66000007399300000000-1309000000-9660000003749430000058269900000000-103900000058373800000000004870000000130100000589040000000000000006090000000000038080000064938000000-31480600000-3035410000000000000-845000000007695000001746400000709140000000-18057300000996240000009962400000439210000014354500000Other comprehensive income13445000001344500000Other comprehensive income-8200000-8200000338400000-21000001006100000-6100000AuditedtrueK. Venkatachalam Aiyer & Co.true2027-12-31K. S. Dua & Co.true2028-10-31