Bharat Heavy Electricals500103Capital goods, power
BHEL shares rose over 4% after reporting strong quarterly results with revenue growth of 24% and sharp margin expansion, and Mitesh Thacker gave a bullish technical buy call on the stock
By ScoutQuest · · 1 min read
- Revenue this quarter
- 9,300 crore rupees
- Revenue growth YoY
- 24 percent
- EBITDA this quarter
- 1,025 crore rupees
- EBITDA growth YoY
- 76 percent
- EBITDA margin
- 11 percent
Heard on business television between 14:35:47 - 14:38:47 IST.
- BHEL reported revenue of about 9,300 crore rupees, up 24% year-on-year, broadly in line with expectations.
- EBITDA came in at around 1,025 crore rupees, up about 76%, taking EBITDA margin to around 11% versus 7.7% a year ago, driven by execution ramp-up.
- Power segment grew in double digits (16-17%) while the industry segment saw a sharp 45% growth, with profit also rising strongly despite higher other expenses.
- BHEL was noted as one of the few capital goods companies seeing margin expansion this quarter; order book/inflow details awaited from the management presentation.
- Mitesh Thacker said he was very positive on BHEL, seeing it moving past 600 long term, and in the short term recommended buying with a stop below 440 for a target of 490-495, noting the stock had broken past its recent resistance range of 445-450.
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Source: Live TV News Channel · 14 Oct 2026
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