BHEL Q2 FY 2026-27 Results: Supplementary Information

भारत हेवी इले(cid:304)(cid:387)(cid:332)क(cid:676) िलिमटेड Bharat Heavy Electricals Limited (भारत सरकार का उप(cid:354)म / A Government of India Undertaking) CIN: L74899DL1964GOI004281 From: Miriam Vandana, Sr. Manager (CS), BHEL, BHEL House, Siri Fort, New Delhi – 110049 To: 1. BSE Limited, Mumbai 2. Na(cid:415)onal Stock Exchange of India Ltd., Mumbai Sub: BHEL Q2 FY2026-27 Results: Supplementary Information Further to our communica(cid:415)on dated 14.10.2026 on BHEL Q2 FY2026-27 results, please find enclosed supplementary informa(cid:415)on on the same. No. AA/SCY/SEs Date: 14.10.2026 (Miriam Vandana) Sr. Manager (CS) shareholderquery@bhel.in पंजीकृत काया(cid:330)लय : बीएचईएल हाउस, िसरी फोट(cid:330), नई िद(cid:671)ी - 110049 | फोन : 011-66337598 | ईमेल : contactus@bhel.in Registered Office: BHEL HOUSE, Siri Fort, New Delhi - 110049 | Phone: 011-66337598 | E-mail: contactus@bhel.in at inflection point BHEL Q2 FY2027 Results Supplementary Information DRIVING 14 October 2026 GROWTH Chief Investor Relations Officer, BHEL across POWER & INDUSTRY BHEL: Reinforcing the pace of Growth • Strong Cash-Generation Potential – Converting a substantial order backlog into cash through steady execution, timely billing and collections. • Diversified Business Portfolio – Rail mobility, coal gasification, defence and transmission, alongside core power businesses spanning thermal, nuclear and hydro. • Expanding International Footprint – Pursuing global opportunities in gas turbines, transformers, spares and industrial equipment. • Positioned for India’s Energy Upcycle – Benefiting from power upcycle, capex expansion and focus on Atmanirbharta. • Technology and Indigenous Engineering Strength – Leveraging in-house R&D, manufacturing capabilities and established engineering credentials to serve strategic sectors. BHEL | Q2 FY2027 RESULTS | SUPPLEMENTARY INFORMATION BHEL: A leading engineering and manufacturing enterprise serving critical sectors MANUFACTURING SERVICE NETWORK PEOPLE TECHNOLOGY, R&D AND PEOPLE 15 8 ~27,300 ~2.4% of revenue allocated forR&D employees; 9,000+ 4research institutes and 13Centresof Excellence manufacturing units service centres engineers 6,000+ intellectual assets across patents, copyrights and technical know-how 428patents / copyrights filed in FY 2025-26 Defence POWER INSTALLED TRANSMISSION 55 214+ GW 8,50,000+ MVA Super Rapid Gun power equipment equipment supplied GLOBAL FOOTPRINT Mounts supplied for installed India & 6 HVDC Projects Indian Navy abroad executed 95countries with references | 14+ GW of power equipment delivered abroad Set up for end to end Engineering and Manufacturing to Commissioning, Renovation, Modernisation, Spares and Lifecycle services — BHEL combines deep engineering and execution capabilities. BHEL | Q2 FY2027 RESULTS | SUPPLEMENTARY INFORMATION BHEL’s competitive position across priority sectors- Established Leadership Scale, installed base and sector-specific credentials support a strong position across established and emerging markets. THERMAL POWER NUCLEAR POWER TRANSMISSION DEFENCE 214+ GW installed 15utility setssupplied 8,50,000+ MVAsupplied 55SRGMs supplied Super Rapid Gun Mounts (SRGMs), 476coal-based utility sets supplied; Long-standing domestic nuclear- 6landmark HVDC projects executed; Integrated Platform Management complete EPC solution across ratings; generation experience; turbine- active in major grid corridors and high- Systems (IPMS) and other naval capabilities across new-build, generator sets offered up to 700 MW. voltage systems. equipment, turret castings for tanks, renovation and lifecycle services. compact heat exchangers for LCA. TRANSPORTATION HYDRO & SOLAR SPARES & SERVICES EXPORTS 850+ locomotives 431hydro utility sets ~250GW installed base 95countries Major share in IGBT-based locomotives Hydro electro-mechanical packages, A large installed fleet supports 18+GW of power plant equipment and traction equipment; executing 80 solar PV solutions and floating solar renovation, modernisation, contracted globally; export references VandeBharat Sleeper trainsets. solutions maintenance, upgrades and across power, GTG and industrial aftermarket services. equipment. Sector leadership is anchored in installed base, proven credentials, sector specific engineering & manufacturing capabilities, and lifecycle support ecosystem. BHEL | Q2 FY2027 RESULTS | SUPPLEMENTARY INFORMATION Opportunity landscape from Power Upcycle, Capex Expansion and focus on Atmanirbharta Large demand pools create opportunity; BHELcommands competitiveness on prowess of engineering, manufacturing and execution expertise. POWER & THERMAL TRANSMISSION RENEWABLES + HYDROGEN 270-280 GW ~ Rs. 9 Lakh Crore 500 GW / 5 MMT Projected peak demand in FY27; Planned expenditure in 2022-32; National transmission India’s 2030 non-fossil capacity ambition; green ~250 GW installed thermal fleet underpins new-build, network planned to expand by 2032; RE integration hydrogen mission targets 5 MMT p.a.. renovation, spares and services. requiring HVDC Corridors RAIL MODERNISATION DEFENCE UPGRADATION EXPORTS Vande Bharat; Kavach Indigenisation Make in India for world VandeBharat trainsets, advanced propulsion and Modernisation of naval and land systems creates Data-centre expansion, AI-driven power demand, grid traction systems, comprehensive maintenance, modern opportunities for specialised equipment, upgrades and modernisation and industrial growth creating export signalling and indigenous Kavachcollision-avoidance lifecycle support. opportunities for power equipment, GTG packages, technology. transformers, etc. The structural drivers are visible: rising electricity demand, grid expansion, upsurge in rail transportation and focus on Atmanirbharta in defence. BHEL | Q2 FY2027 RESULTS | SUPPLEMENTARY INFORMATION Opportunity captured: Significant order book across diversified sectors Order-book scale provides visibility; sector mix and execution quality determine the value realised. Significant outstanding OB in non- KeyDiversification Initiatives OUTSTANDING ORDER BOOK thermal areas Details| Rs. crore Rs. crore Rail Mobility: JV with Titagarhfor VB • Nuclear: ~Rs. 12,800 Cr maintenance, Maiden KAVACH order 2,19,641 2,57,571 • Transmission: ~Rs. 13,600 Cr under execution. 30 Sep 2025 30 Sep 2026 Coal Gasification: Equity infusion in CIL– • Defense: ~Rs. 7,300 Cr BHEL JV for a 2,000 TPD ammonium • Transporation:~Rs. 16,400 Cr nitrate plant. Grid Integration: Synchronous condenser ~17.27%year-on-year growth • Coalgasification:~ Rs. 9,000 design for solar power integration. • Hydro: ~6,400 Cr Green Hydrogen: Technology tie-ups for alkaline and PEM electrolysers. • Spares & Service: ~Rs 4,000 Cr H1 FY27 orders secured totalled ~Rs. 30,000 crore, including ~Rs. 4,000 crore in Q2. Key Q2 orders included Heoand Tato-I hydro packages, 265 main traction transformers, FR6B gas turbine, green-ammonia and recycle-gas compressors. Growing order book across sectors created potential; conversion in value through disciplined execution. BHEL | Q2 FY2027 RESULTS | SUPPLEMENTARY INFORMATION Execution discipline: converting orders into profitable growth Execution milestones achieved during Q2 FY 2026-27 CAPACITY ADDITION SYNCHRONISATION FULL LOAD SPECIALISED DELIVERY 660 MW 199 MW 2 × 20 MW 3 upgraded SRGMs 46 MW PanchetHEP; 39 Unit 1 of UdangudiSTPP, Units 1 & 2 of Rahughat Successfully test-fired and MW ChillaHEP; TANGEDCO. HEP, Nepal. delivered to shipyards. 36 MW, 60 MW and 18 MW STG for industial applications. Overall, 2,260 MW capacity addition achieved during H1 FY27, against a target of 4,790 MW in FY27 Disciplined execution enabling targeted topline and margins BHEL | Q2 FY2027 RESULTS | SUPPLEMENTARY INFORMATION Financial performance | Q2 and H1 FY 2027 year-on-year Standalone results | Rs. crore unless otherwise stated | Particulars Q2 FY27 Q2 FY26 YoY % H1 FY27 H1 FY26 YoY % Revenue from Operations 9300 7512 + 24% 16998 12999 + 31% Gross Operating Marg [Showing first 8,000 characters — download PDF for full document]