Bharat Heavy Electricals (500103) Q4 24/25 earnings summary

Executive summary

• Achieved highest-ever yearly order booking and outstanding order book, signaling robust demand and execution momentum.

• Board approved audited standalone and consolidated results for Q4 and FY 2024-25, with a final dividend of 25% (₹0.50 per share) recommended.

• Revenue from operations grew 19% year-over-year to Rs. 28,339 crore for FY25.

• Commissioned/synchronized 8.1 GW power capacity, with significant domestic and export contributions.

• Auditors issued unmodified opinions on both standalone and consolidated financials.

Financial highlights

• FY25 revenue from operations: Rs. 28,339 crore, up from Rs. 23,893 crore in FY24.

• EBITDA for FY25: Rs. 1,745 crore, up from Rs. 1,201 crore in FY24.

• Profit after tax for FY25: Rs. 513 crore (standalone), nearly doubling from Rs. 260 crore in FY24; consolidated net profit: Rs. 534 crore.

• Q4FY25 revenue: Rs. 8,993 crore, up from Rs. 8,260 crore in Q4FY24.

• Basic and diluted EPS for FY 2024-25 stood at ₹1.47 (standalone) and ₹1.53 (consolidated).

Outlook and guidance

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

• Board recommended a final dividend of ₹0.50 per share, subject to AGM approval.

• Company retains top credit ratings (CARE A1+, Ind A1+) for commercial paper; no outstanding commercial paper as of March 31, 2025.