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tcft 8 R1 'l-fRcl ~ ~ cp ct1 ~ ~ ,5 Bharat Heavy Electricals Limited (irRc7 ~ cITT d q¢t514 / A Government oflndia Undertaking) CIN: L74899DL 1964GOI004281 From: Dr. Yogesh R Chhabra, Company Secretary, BHEL, Siri Fort, New Delhi - 110049 To: 1. BSE Limited, Mumbai (Through BSE Listing Centre) 2. National Stock Exchange of India Ltd., Mumbai (Through NEAPS) Sub: Unaudited Financial Results (Standalone and Consolidated) for the quarter ended 30th September, 2026 Pursuant to Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, it is informed that the Unaudited Financial Results (Standalone and Consolidated) of Bharat Heavy Electricals Limited for the quarter ended 30th September, 2026, have been approved by the Board of Directors of the Company in its meeting held today, i.e., 14th October, 2026. A copy of the said results alongwith the Limited Review Reports, issued by the Auditor is enclosed herewith. Time of commencement of the meeting: 12.30 PM Time of commencement of agenda regarding approval of Financial Results in the meeting: 12.36 PM Time of conclusion of agenda regarding approval of Financial Results: 12.55 PM Time of conclusion of meeting: 0 ~,,) __ 6 /PM No. AA/SCY/ SEs Date: 14.10.2026 (Dr. Yogesh R Chhabra) Company Secretary share ho lderq uery@bhel.in ~~: Gf1Qil{Qci ~ . ftrn1:JTTi, ~~ 110049-11:ir-, 66337598-011 : I~: contactus@bhel.in Registered Office: BHEL HOUSE, Siri Fort, New Delhi -110049 I Phone: 011-66337598 I E-mail: contactus@bhel.in ~ www.bhel.com I) BHELOfficial BHEL_lndia (:J BHEL_lndia (®) bhel.india (m company/bhel K.VENKATACHALAM AIYER & CO. CHARTERED ACCOUNTA TS No:30; "Aadarsh" ,(First Floor), fadrani Nagar Palakkad - 678 012 I N DIA Phone No: 9349601128 e-mail: chandrufca@gmail.com. Also at : Bangalore, Coimbatore, Delhi, Ernakulam, Kottayam, Kallam, Mumbai & Trivandrum Independent Auditors' Review Report on Standalone Unaudited Financial Results of Bharat Heavy Electricals Limited for the Quarter & Half Year Ended 30th September 2026 pursuant to the Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended The Board of Directors Bharat Heavy Electricals Limited ewDelhi 1. We hav r viewed th accompanying statement of standalone unaudited financial results of Bharat Heavy Elech·icals Limited ("th Company") for the Quarter & Hali Year Ended 30th September 2026 ("the Stat ment") attach d h r with, b ing submitted by the Company pm uant to the requb:ements of Regulation 33 and Regulation 52 of th SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, as amended. This stat ment is the responsibility of the C mpru1y' s Management and ha been approved by the Board of Directors of th Compru1y. Our responsibility i t is ue a report on thes finan ial statements based on our review. 2. We conducted our review in accordance with th Standard n R vi w Engagement (SRE) 2410, "Review of Interim Fina11cinl Infon11ntion Pe,formed by the !Hdepeudent Auditor of tire Entity" issued by the Institute of Charter d Accow1tant of India. Thi tandard requires that we plan and perform th r view to obtain mod rate assuran as to whether the Statement are free of material misstat ment. A revi w is limit d primarily to inquirie of cornpru1y personnel and analytical procedur s, applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we don t expre s an audit opinion. 3. Ba ed on om review conduct d ru1d procedures p rfonned a stated in paragraph 2 abov and bas d on the consid ration of the review report of the branch auditors referred to in paragraph 4 below, nothing has come to om attention that causes us to believe that the accompanying Stat ment, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and oth r accounting principl s generally accepted in India, has not disclosed the information required to be disclosed in t rms of Regulation 33 and 52 of th SEBI (Listing Obligations and Oisdosur Requirements) R gulatio11s, 2015, as amended, including th manner in which it is to be disclos d, or that it contains any material misstatement. 4. Other Matters The financial results of 19 branches included in the Statement of the company, have been reviewed by the branch auditors whose report have been furnished to us, and our conclusion in so far as it relates to the amounts and disclosures in lud din respect of these branches, is based solely on the report of such branch auditors and the procedures performed by us as stated in paragraph 2 above. These branches total revenue from operations of Rs. 7919 Cr and Rs. 14326 Cr, total Profit befor tax of Rs. 174 Cr and Rs. 78 Cr for the Quarter & Half Year Ended 30th Septemb r 2026 respectively, as considered in the Statement of the company. Our conclusion on the Statement is not modified in respect of the above matters. Parb.1er M. No. 020504 UDIN: 26020504NHGPQD 327 Place: ew Delhi Dated: 14th October,2026 RH.AR,\ THE.-\ VY ELECTRIC.\LS LIMITED UNA DITEO FINANCIAL RESULT FOR THE Qt.ARTER & HALF YEAR E DED 30111 SEPTE.MBER ?0!6 (f In Crorel Standalone Results SL. p RTI {IL,\11$ 0.1 Mn,11111 Endt:d 06 Mon1bs Ended \'ta,. Endtd /iO. l0.09.1026 J0.06 . .?0'26 J0.01().20?.5 J0.09.20!6 30.09.2025 ll.oJ.2016 (Un•udited) {lJO!,\Uditt-dl (Un:audilt-d) (Un11ud1kd) ( n1udikd) (Auditrd) .I (accnnt. RrYCDUt' rrom Opt-nUin,11:i: 9300.JS 7697.71 7511.80 (6998.07 1?9911.71 3378"2.18 b Othtr lnrnmt: 259.110 ?30.80 181.75 490.60 367.19 846.39 Tol:..I (ntom<" (r• .._b) 9560.15 7928.52 7693.5 17-188.67 LJ36S.90 3462 .57 2 [:,;peu f'.J • Cnsr of "lllltt'ialJ & tl"'ViC-e.-f 6958.44 5839.29 5Nl.38 12797.73 q869.36 24274.28 b t11~11er.s i,i in\le:11torit~ or ftni~htd 1:ood:t, work~in•pn:,g~:u. :md !!Hllp (1057.03) (S42.55) (527.87) (1599.58) (769,31) (I ~91.19) ' E:mriloytt btneril.i upt-1L"lit' 1652.14 1506.33 1479.97 3158.47 2942.43 6467.62 .J Di:pred:lfion :uuJ :1inmrtl$:1lion ~,pcnu 83.08 81.88 75.46 164.96 1.19.98 315.87 F1mnl((' (OJU 124.77 139.88 195.21 264.65 376.42 756.41 r Olhcr cJ:pt:nSIC.!II 721.00 390.79 2.17.39 1111.79 912 . .W 1989.18 To1al ~,:pen,ica M82AO HIS.62 not.54 15898.02 13481.32 32512.27 .I Pror.1)(Ln !Ii} btfol"t uu111imud iltJu,;:-und 1,u (1-Z) 1077.75 512.90 492.01 1590.65 (I IS.42) 2116.30 .j 'l:Cl!pti~mal he.ms - - - - - - 5 J'rolitl(L.u:n1l brron.~ uu: ( .l +-.&) 1077.75 512.9ll 492.01 15 0.65 (115.42) 2116.30 6 T:a,.\. t:.xp~1tJiC :a,Cuntnt Tra't' (3.11) 1.90 0.51 (1.21) 0.85 3.31 h. OeJerrotd 1, , !71.2.1 129.09 123.83 .100.33 (29.05) 535.U-I 7 Ne.I l1rnfi1/ {Louj for Ih ot lltriod jS-6) 809.62 381.91 367.67 1191.SJ (87.22) 1S77.95 8 Othrr C\1mpnhrrtti\l~ Inc<Jmr/(E..,r"'" eJ (nf'I nr Bui (52. 13) {52.11) (33.67) (I0U4) (67.3.1) (0.37) Taud om11rche11.~ln• focmnt' '1rltr 1:1:1 far tht ptriod (1+8) 757..19 329.80 33.1.00 ,087.29 (154.56) 1577.58 lO 'P-aid~up eq11iiy ,.hnr~ capiual (fi'.u:t VAh1t F'.S ! pu !'hLtr<'} 696. .11 616.41 696.-11 696.-11 696.41 696.41 II Other £quily 26-l19.88 26149.88 2-1087.94 26--119.88 !4087.94 ZSl\20.0H 12 Ruk Oilultd Umiue,1 P<"r Shnr«" 2.33 1.10 1.06 3A2 (0.25> 4.53 (nat lUUrn:.11,itdJ (uot 11.mtu=tliud) jnut ;umu:ali.nd) (nm anmmli.st-d) (nnt ,mnu11lbcd) 'cgmentwi~c Rcvcn11c, ResuUs, Asscls :ind Linbilitics , In Crore 'tand11lo11c Re ult~ SL. PARTI l'LARS OJ l\lu111hs Ended 06 Months Ended Vur Ende.d NO. J0.01).2026 l0.UG.l02o J0.09.1025 ]0,0Q.2026 30.09.202.5 ll.03.2026 ( mrndiltdl (l.l'n1uidi1rd) ( 'n:mdi1c-d} (Un;mdited) n:u,diu:d) {Amlitcd) l Stp1nrnl Rr-vt-nur fro111 Oin•r.;.itionll A Powu 6637.90 5919.50 -67S.64 12557.40 9574.50 25406.71 B lndwlry 2662.45 1778.ZZ 1836.L(, 44-10.67 3-124.21 8375..17 To1lll 9300.JS 7697.72 7511.80 16998.07 12998.71 33782.18 lnltt' J~1ut-11i11I rc:\',r-tmr from optr:uiaus Revenue fron) Ope:r:HiouJ 9300.35 7697.72 7511.80 16998.07 12998.71 33782.18 .z St31,1utut R\" l'IU jf' [Showing first 8,000 characters — download PDF for full document]