The BHEL share price is surging today after Bharat Heavy Electricals Limited posted a stunning 253% jump in its BHEL Q2 results.
The BHEL share price is the star of the market today, and for good reason.
Shares of the state-owned engineering giant jumped 4% this morning. This comes after the company announced its BHEL Q2 results late last night, and the numbers are frankly stunning.
Bharat Heavy Electricals Limited reported a consolidated net profit of ₹375 crore.
To put that in perspective, that is a massive 253% leap from the ₹106 crore profit it posted in the same quarter last year. It’s also a dramatic turnaround from the net loss it reported in the previous quarter (Q1).
For years, I’ve watched BHEL as the classic “sleeping giant.” A massive company with a legacy, but one that always seemed to be struggling with execution.
Well, that giant is finally wide awake.
The company’s revenue also climbed a healthy 14% to ₹7,512 crore. This strong performance wasn’t a fluke; it was driven by solid growth in both its core Power segment and its Industry segment.
So, what’s behind this powerful shift?
The simple answer is that India’s massive push for power infrastructure is finally translating into BHEL’s bottom line.
The company’s BHEL order book is bursting at the seams. Fresh orders worth ₹35,000 crore came in this quarter alone, pushing the total backlog to a staggering ₹2.19 lakh crore.
This massive backlog gives the company incredible revenue visibility for the next several years.
But it’s not just the old-school thermal power story. The BHEL news has been positive on multiple fronts as the company diversifies:
- Railways: BHEL is a key part of the consortium manufacturing Vande Bharat sleeper trains.
- Defence: The company is increasingly securing new orders for defence and aerospace components.
- Power: It remains the go-to domestic player for India’s new thermal power plant orders.
This diversification is, in my opinion, the most critical part of the story. It shows BHEL isn’t just riding one wave; it’s building a more resilient business.
As a result, analysts are scrambling to update their models. Several brokerages have already raised their BHEL share price target this morning, citing the strong earnings and massive order book.
Of course, challenges remain. Executing this massive backlog on time and managing margins from older, lower-profit projects will be key.
However, after today’s BHEL news, the sentiment has clearly shifted. The turnaround story is no longer just a theory; the proof is in the profit.
With a full order book and renewed momentum, the biggest question on investors’ minds is simple: How high can the BHEL share price go from here?
