Bharat Heavy Electricals Ltd's Q3FY25 Quarter Results
- 29 Jan 2025
Result Summary
- Bharat Heavy Electricals Ltd reported a 10.3% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 31.9%.
- Its expenses for the quarter were up by 10.0% QoQ and 24.2% YoY.
- The net profit increased 26.9% QoQ and decreased 190.5% YoY.
- The earnings per share (EPS) of Bharat Heavy Electricals Ltd stood at 0.4 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 7385.00 | 6695.37 | 5599.63 | 10.3% | 31.9% |
Total Expenses | 7224.51 | 6570.57 | 5816.87 | 10.0% | 24.2% |
Profit Before Tax | 160.49 | 124.80 | -217.24 | 28.6% | -173.9% |
Tax | 44.05 | 35.27 | -46.14 | 24.9% | -195.5% |
Profit After Tax | 134.70 | 106.15 | -148.77 | 26.9% | -190.5% |
Earnings Per Share | 0.40 | 0.30 | -0.40 | 33.3% | -200.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Bharat Heavy Electricals Ltd (BHEL) is a prominent engineering and manufacturing company in India, primarily engaged in producing power plant equipment. It operates in the heavy electrical equipment industry and offers a wide range of services, including engineering, procurement, and construction of power plants. BHEL's main products include turbines, generators, boilers, and other power-related equipment. The company plays a vital role in India's power sector, contributing significantly to the development and growth of power generation capacity. Recently, BHEL has been focusing on diversifying its offerings and tapping into renewable energy solutions to align with global sustainability trends.
Revenue
In Q3FY25, Bharat Heavy Electricals Ltd reported a total income of ₹7385.00 crores. This marks a 10.3% increase from the previous quarter (Q2FY25) where total income was ₹6695.37 crores, and a substantial 31.9% year-over-year growth compared to Q3FY24, which reported a total income of ₹5599.63 crores. The company's revenue growth over both the quarterly and annual periods reflects a positive trajectory in its financial performance. The consistent increase in income suggests robust demand for its products and services, contributing to the overall financial health of the company.
Profitability
BHEL's profitability metrics for Q3FY25 show significant improvement. The profit before tax (PBT) for the quarter was ₹160.49 crores, representing a notable quarter-over-quarter growth of 28.6% from Q2FY25's ₹124.80 crores. This is a substantial turnaround from the loss of ₹217.24 crores reported in Q3FY24. The tax expenses for Q3FY25 stood at ₹44.05 crores, increasing 24.9% from the previous quarter's ₹35.27 crores and shifting from a negative tax scenario in Q3FY24. The profit after tax (PAT) rose to ₹134.70 crores in Q3FY25, marking a 26.9% increase from Q2FY25 and a significant improvement from a loss of ₹148.77 crores in Q3FY24. The earnings per share (EPS) for Q3FY25 was ₹0.40, up from ₹0.30 in the prior quarter and recovering from a negative EPS of ₹-0.40 a year ago.
Operating Metrics
The total expenses for Q3FY25 were reported at ₹7224.51 crores, reflecting a 10.0% increase from Q2FY25's expenses of ₹6570.57 crores and a 24.2% rise from ₹5816.87 crores in Q3FY24. This increase in expenses is consistent with the growth in total income, indicating operational scaling. Despite the rise in expenses, the profitability metrics show positive growth, suggesting effective cost management strategies. The overall improvement in earnings and profitability metrics represents a rebound from the previous year's performance. The reported earnings per share (EPS) growth of 33.3% quarter-over-quarter and a turnaround from negative EPS in the previous year highlight enhanced operational efficiency.
