Revenue from operations rose 36.87% YoY to Rs 12,310.37 crore in Q4 FY26, while growing 45.29% QoQ, driven by strong performance in both power and industry segments.

Profit before tax stood at Rs 1,727.59 crore in Q4 FY26, up 145.24% YoY and 232.33% QoQ.

On the cost front, cost of materials and services rose 19.59% YoY to Rs 8,346.12 crore, while employee benefit expenses increased 29.6% YoY to Rs 1,994.48 crore. Other expenses declined 18.97% YoY to Rs 542.15 crore during the quarter.

On the operational front, segment performance remained robust. Revenue from the power segment rose 53.57% YoY to Rs 9,509.85 crore in Q4 FY26, while the industry segment declined marginally by 0.02% YoY to Rs 2,800.52 crore.

For the full year FY26, the company reported a net profit of Rs 1,600.26 crore, up 199.72% YoY, while revenue rose 19.21% YoY to Rs 33,782.18 crore. Profit before tax for FY26 stood at Rs 2,138.61 crore, up 186.86% YoY.

Cash flow from operating activities improved to Rs 5,837.38 crore in FY26 from Rs 2,192.47 crore in FY25.

The board recommended a final dividend of Rs 1.40 per share (70% on face value of Rs 2) for FY26.

Bharat Heavy Electricals (BHEL) is an integrated power plant equipment manufacturer, engaged in the design, engineering, manufacturing, erection, testing, commissioning, and servicing of a diverse range of products and systems. The company caters to key sectors of the Indian economy, including power, transmission, industry, transportation, renewable energy, oil & gas, and defence. The Government of India held 58.17% stake in the company as on March 2026.