Bharat Heavy Electricals revenue and financials

BHEL · NSE · INR

₹447.90−0.91%−₹4.10

Close · October 7, 2026

In the fiscal year ended March 2026, Bharat Heavy Electricals reported revenue of ₹323.6B (+18.30% year over year). Net income was ₹16B, a net margin of 4.9%.

Annual revenue · 2026: ₹323.6B

₹221.36B2023
₹229.21B2024
₹273.55B2025
₹323.6B2026

Fiscal year ending in March. Sources and method on the page Methodology and sources.

At a glance

Revenue growth: +18.30%; FY to Mar 2026 vs FY to Mar 2025
Net income growth: +199.73%; FY to Mar 2026 vs FY to Mar 2025
Net margin: 4.9%; FY to Mar 2025: 2.0%

Financial data

Amounts in millions of INR; per-share values in INR; shares in millions.

Balance sheet · Quarterly
Item	Q1 2026	Q1 2025
Total assets	761,856	680,832
Current assets	514,554	427,598
Cash and equivalents	10,832	3,903
Short-term investments	97,662	66,181
Inventory	133,346	98,695
Net property, plant and equipment	33,371	30,288
Other intangible assets	1,606	1,180
Long-term investments	3,021	2,756
Current liabilities	323,022	282,256
Accounts payable	104,916	95,409
Total debt	81,870	90,146
Total liabilities	500,390	433,610
Total equity (incl. minority)	261,466	247,222
Retained earnings	-45,183	-59,433
Minority interest	—	0.0