Bharat Bijlee Limited disclosed its unaudited financial results for the quarter and half-year ended September 30, 2026, following a board meeting held on October 27, 2026. The disclosure was made pursuant to Regulation 30 and 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Financial Performance Highlights

Quarter Ended September 30, 2026:

  • Revenue from operations: ₹736.16 crore (compared to ₹547.17 crore in Q1 FY27 and ₹473.44 crore in Q2 FY26)
  • Other income: ₹15.98 crore
  • Total income: ₹752.14 crore
  • Total expenses: ₹691.14 crore
  • Profit before tax: ₹61.00 crore (compared to ₹26.09 crore in Q1 FY27 and ₹37.47 crore in Q2 FY26)
  • Tax expense: ₹14.96 crore
  • Profit for the period: ₹46.04 crore
  • Earnings per share: ₹40.73 (basic & diluted)

Half-Year Ended September 30, 2026:

  • Revenue from operations: ₹1,283.33 crore (compared to ₹938.34 crore in H1 FY26)
  • Other income: ₹26.87 crore
  • Total income: ₹1,310.20 crore
  • Total expenses: ₹1,223.11 crore
  • Profit before tax: ₹87.09 crore (compared to ₹74.50 crore in H1 FY26)
  • Tax expense: ₹21.42 crore
  • Profit for the period: ₹65.67 crore
  • Earnings per share: ₹58.10 (basic & diluted)

Segment Performance

Power Systems Segment (Transformers, Turnkey Projects, Maintenance Products):

  • Q2 FY27 Revenue: ₹440.11 crore
  • Q2 FY27 Segment Results: ₹49.18 crore profit before finance costs
  • H1 FY27 Revenue: ₹714.27 crore

Industrial Systems Segment (Electric Motors, Drives & Automation, Magnet Technology):

  • Q2 FY27 Revenue: ₹296.05 crore
  • Q2 FY27 Segment Results: ₹30.00 crore profit before finance costs
  • H1 FY27 Revenue: ₹569.06 crore

Other Comprehensive Income

Significant volatility in other comprehensive income due to:

  • Remeasurement of defined benefit plan: ₹(1.83) crore loss in Q2 FY27
  • Fair value changes in equity instruments through OCI: ₹(92.11) crore loss in Q2 FY27
  • Total other comprehensive income: ₹(81.42) crore loss in Q2 FY27

Financial Position (as at September 30, 2026)

Assets:

  • Total assets: ₹3,684.34 crore (compared to ₹3,111.82 crore as at March 31, 2026)
  • Non-current assets: ₹1,981.55 crore (including investments of ₹1,621.41 crore)
  • Current assets: ₹1,702.79 crore (including inventories of ₹519.17 crore and trade receivables of ₹500.73 crore)

Liabilities and Equity:

  • Equity share capital: ₹5.65 crore
  • Other equity: ₹2,307.42 crore
  • Total equity: ₹2,313.07 crore
  • Non-current liabilities: ₹208.92 crore
  • Current liabilities: ₹1,162.35 crore (including borrowings of ₹395.04 crore)

Cash Flow Statement (Half-Year Ended September 30, 2026)

  • Cash generated from operations: ₹31.62 crore
  • Net cash from operating activities: ₹10.02 crore
  • Net cash used in investing activities: ₹(54.17) crore
  • Net cash from financing activities: ₹39.15 crore
  • Net decrease in cash: ₹(5.00) crore

Regulatory Compliance and Review

The financial results were reviewed by the Audit Committee and approved by the Board of Directors. Deloitte Haskins & Sells LLP conducted a limited review of the financial results and issued an unqualified review report, confirming compliance with Ind AS 34 and SEBI Listing Regulations.

The company has no subsidiaries, associates, or joint ventures as of September 30, 2026.