India's BHEL third-quarter revenue rises 16% on sustained power products demand

Bharat Heavy Electricals

19/01/2026 08:00

Jan 19 (Reuters) - India's state-owned Bharat Heavy Electricals Ltd's (BHEL) BHEL.NS reported a 16% rise in third-quarter revenue on Monday, as limited competition in the power products category ensured strong sales despite weak electricity demand.

The manufacturer's revenue from operations rose to 84.73 billion rupees ($931.56 million) for the quarter ended December 31, up from 72.77 billion rupees a year ago.

A healthy order pipeline due to limited competition in the power equipment industry has helped BHEL mitigate weak power demand in India during the quarter.

The New Delhi-based company, which accounts for 55% of India's total installed power generation capacity, posted a profit of 3.90 billion rupees for the quarter, up from 1.35 billion rupees a year ago. The jump in profit was driven by "other income", which nearly doubled to 2.19 billion rupees during the quarter.

Project orders boosted revenue at its power equipment segment, its biggest business, by 13% to 63.22 billion rupees.

However, BHEL's expenses rose 13% to 81.88 billion rupees.

($1 = 90.9550 Indian rupees)

(Reporting by Komal Salecha in Bengaluru; Editing by Harikrishnan Nair)

((Komal@thomsonreuters.com;))