BHEL's FY25 Revenue Jumps 19% on Back of Solid Orders, Robust Project Pipeline

BHEL FY25 Update: Maharatna company, Bharat Heavy Electricals Limited (BHEL) on Sunday said that its revenue increased 19% to Rs 27,350 crore (estimated) for the financial year 2024-25 (FY25). BHEL's FY25 revenue growth was led by a strong order book and robust project pipeline.

The engineering and manufacturing enterprise in the energy and infrastructure sector also secured its highest-ever order inflows worth Rs 92,534 crores during FY25. The CPSE also shared updates about its total order book and order growth in the previous financial year which was dominated by maximum earnings from its power segment.

"BHEL's total order book at the end of FY 2024-25 stands at Rs. 1,95,922 crores. In the power sector, BHEL maintained its leadership by winning orders worth Rs. 81,349 crores," the company said in a BSE filing on Sunday, April 20.

BHEL's Industrial Segment Growth

The company bagged fresh orders worth Rs 11,185 crores in the industrial segment, which further strengthened its presence in it. According to the company, fresh orders also reflected its diversified presence across sectors such as transportation, defence, process industries, and industrial equipment.

BHEL Project Delivery in FY25

The power sector firm commissioned or synchronised 8.1 GW of power capacity which demonstrated its continued focus on project delivery and operational efficiency.

"On the execution front, BHEL commissioned/synchronised 8.1 GW of power capacity, demonstrating its continued focus on project delivery and operational efficiency. With double-digit revenue growth, a record order book, and a healthy execution pipeline, BHEL enters FY 2025-26 with strong momentum," read BHEL's BSE filing.

The company further reiterated to continue delivering high-impact infrastructure, driving indigenisation, and enhancing stakeholder value.

BHEL had reported a sequential increase in its revenue to Rs 7,277.09 crore during the quarter ended in December, 2024. Its net profit also increased 29% QoQ to Rs 96.67 crore during the previous quarter. Additionally, its earnings per share (EPS) stood at Rs 0.36 during December quarter. Its total income rose to Rs 7,385 crore in the quarter from Rs 5,599.63 crore in the same period a year ago.

Commenting on the BHEL's FY 26-27 EPS by 7-3%, Kotak Institutional Equities in its report noted, "In doing so, we retain our 15 GW per annum power ordering estimate for FY2026/27E and increase margin estimates by 10-30 bps. In essence, we build in the net effect of a 100 bps higher gross margin and higher other expenses.."

BHEL Share Price History

BHEL stock ended nominally higher at Rs 227.5 per share on BSE on Thursday with a market capitalisation of Rs 79,216.94 crore. The company scrip touched tis 52-week-lowest mark of Rs 176 per share on BSE on 3 March, 2025. It's 52-week-high mark of Rs e335.40 per share on BSE was achieved on 9 July, 2024.

BHEL's share value has increased nearly 16.49% in one month, against a 5.91% rise in the value of BSE. However, its value has declined 2.44% year to date and depreciated by 11.6% in one year. BHEL's operations include the power sector, equipment supplies, transportation, transmission, defence, aerospace, and captive power plants.

BHEL recorded strong order inflows in the first nine months of the previous financial year, totalling over Rs 47.947 crore. Key wins include securing a contract from NTPC to set up a main plant package of three units of the 800MW Telangana Stage-II supercritical thermal power plant (STPP) project.