📌 Written by: Pankaj Kumar | StockResults.in
📅 Published on: May 17, 2025
Bharat Heavy Electricals Limited (BHEL), one of India’s largest engineering and manufacturing PSU, has announced its Q4 FY25 and full-year results. The company has reported a sharp improvement in profitability and operational efficiency for the fiscal year ended March 2025.
Let’s break down the key highlights and what it means for investors.
🔥 Key Highlights of BHEL Q4 FY25 (Standalone)
- Revenue from Operations: ₹ 8,993 Cr (YoY growth 8.9%)
- Net Profit: ₹ 504 Cr (YoY growth 4%)
- EPS: ₹ 1.45
- EBITDA: ~₹ 1,080 Cr
💼 Full Year FY25 Highlights (Standalone)
- Revenue from Operations: ₹ 28,339 Cr (YoY growth 18.6%)
- Net Profit: ₹ 513 Cr (YoY growth 97%)
- EPS: ₹ 1.47
- EBITDA Margin: 4.59% vs 2.83% in FY24
🚀 Segment Performance
- Power Segment: ₹ 20,937 Cr (+13.6% YoY)
- Industry Segment: ₹ 7,402 Cr (+35.7% YoY)
💰 Dividend Update
BHEL has declared a Final Dividend of ₹ 0.50/share (25% of FV ₹ 2).
⚠ Red Flags Investors Should Note
- ₹ 211 Cr receivables from Sudan stuck due to civil war.
- ₹ 208 Cr old dues from RVUNL Suratgarh project still pending.
- One-off profit boost due to ₹ 118 Cr provisioning reversal.
📊 What Investors Should Know
BHEL has delivered a solid recovery in FY25 with improved profitability and margins. The PSU capital goods giant looks poised to benefit from India’s capex revival and renewable energy push.
However, investors should monitor the execution risks, receivables management, and PSU project delays.
🧐 Verdict
✅ Positive for medium-term investors (1-2 years)
⚠ Conservative long-term investors should still be cautious given high working capital intensity and execution challenges.
Disclaimer: This information is for educational purposes only and should not be considered investment advice. Please do your own research before making any financial decisions.
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