Bharat Heavy Electricals Limited (BHEL) consolidated net profit skyrocketed 156% to ₹1,290 crore for the January-to-March quarter of financial year 2025-26 as compared to ₹504 crore in the same period of the previous fiscal year.

The firm's revenue from operations surged 37% year-on-year (YoY) to ₹12,310 crore in Q4 FY26 in contrast to ₹8,993 crore in the corresponding quarter of the previous financial year.

Its earnings before interest, taxes, depreciation, and amortisation (EBITDA) came in at ₹1,753 crore for the quarter under review as against ₹831 crore in Q4 FY25. The margin expanded to 14.24% in the reporting quarter as compared to 9.24% YoY.

For the year ended 2026, the Maharatna PSU firm's net profit soared 200% to ₹1,600 crore as against ₹534 crore in FY25. BHEL's revenue from operations during the fiscal year stood at ₹34,590 crore compared to ₹28,805 crore, marking a growth of 20% YoY.

Dividend details for FY26

The company's board has also recommended a final dividend of ₹1.40 per share of ₹2 each (i.e., @ 70% on the paid-up share capital of the company) for FY26.

"Final Dividend, if declared by the Company in the Annual General Meeting shall be paid/ dispatched within 30 days from the date of Annual General Meeting," BHEL said in a regulatory filing.

BHEL share price

Following the earnings, shares of BHEL rallied, rising nearly 12% to touch a 52-week high of ₹395.85 apiece.

Over the last five trading days, shares of the firm have gained 14%. For a month's period, it rose 62%. However, since November 4, 2025, which is six months, the stock has climbed 48.5%. Since the beginning of the year, BHEL shares have jumped 36%.