BHEL shares hit record high as second-quarter net profit more than doubles

Bharat Heavy Electricals Limited shares reached an all-time peak on Wednesday after the engineering firm posted a massive jump in earnings for the second quarter. Stock value climbed 5% to hit 463.60 rupees on the BSE.

Financial Growth

The public sector firm reported a 120.1% year-on-year rise in net profit, touching 810 crore rupees for the quarter ending September 2026, compared to 368 crore rupees during the same period last year. Revenue from operations went up by 23.8% to 9,300 crore rupees. Operating earnings also saw strong growth, with EBITDA increasing 76.6% to 1,026 crore rupees, while margins expanded to 11% from 7.7% previously. At the same time, other expenses rose sequentially to 721 crore rupees.

Corporate Changes

The board cleared a 500 crore rupee capital investment to build new manufacturing facilities for thermal and nuclear sets at the Haridwar plant. Directors also approved merging the Mumbai-based Electrical Machines Repair Plant and the Bengaluru Electronics Division into a single unit, with the Bengaluru facility acting as the designated hub starting November 1, 2026.

Stock Performance

The company has seen stellar market returns, gaining 58.16% through the year and 99% over the past twelve months. Long-term gains reach 521% across five years, placing the stock well above its 52-week low of 229.70 rupees from September 2025.

Context

State-owned engineering firms often benefit heavily from large government infrastructure pushes and power sector orders. Strong operating margins and rising quarterly profits generally reflect healthy project execution and steady demand in heavy industries.