Bharat Heavy Electricals (500103) Q1 24/25 earnings summary

Executive summary

• Q1FY25 revenue from operations rose to ₹5,485 crore, up from ₹5,003 crore year-over-year.

• Board approved unaudited standalone and consolidated results for Q1 FY25 on July 31, 2024.

• Limited review by auditors found no material misstatements in both standalone and consolidated results.

• Order book outstanding as of June 30, 2024, exceeded ₹1,35,000 crore, with major contributions from the Power sector.

• Key operational milestones included major synchronizations, full load achievements, and delivery of unique refinery equipment.

Financial highlights

• Standalone Q1 FY25 revenue from operations: ₹5,484.92 Cr, up from ₹5,003.43 Cr in Q1 FY24.

• Standalone net loss: ₹212.52 Cr in Q1 FY25 vs. net loss of ₹212.48 Cr in Q1 FY24.

• Consolidated Q1 FY25 revenue from operations: ₹5,484.92 Cr; consolidated net loss: ₹211.40 Cr.

• Gross operating margin improved to ₹1,681 crore from ₹1,543 crore year-over-year.

• EPS (standalone and consolidated): (₹0.61) for Q1 FY25.

Outlook and guidance

• Forward-looking statements caution that actual results may differ due to market, regulatory, and economic factors.

• Company retains top short-term credit ratings (CARE A1+, Ind A1+); no outstanding commercial paper as of June 30, 2024.