Shares of state-owned Bharat Heavy Electricals Ltd (BHEL) on Thursday, August 7, fell nearly 7% as the company’s June quarter net loss widened due to higher expenses.
BHEL on Wednesday reported that its consolidated net loss widened to ₹455.50 crore in the June quarter of FY2025-26 from a net loss of ₹211.40 crore in Q1 FY2025.
Total expenses rose to ₹6,279.78 crore in the quarter from ₹5,874.98 crore in the same period a year ago.
However, total income rose marginally to ₹5,658.07 crore from ₹5,581.78 crore in the same quarter a year ago.
Following the earnings, BHEL shares hit a low of ₹223.79 per share on Thursday. At the time of writing, the stock was trading 6.53% lower at ₹224.17 per share.
The public sector company’s total order inflow during the quarter stood at ₹13,445 crore, while its outstanding order book stood at ₹2,04,375 crore.
In the review quarter, BHEL’s global expansion extended to 92 countries with the supply of soot blower lance tubes to Guatemala.
The company has also supplied 5Ah Li-ion to ISRO’s commercial arm, the first major order from New Space India Ltd.
In June, BEHL received an order worth ₹6,500 crore for six thermal units of 800 megawatts (MW) from Adani Power.
The Navratna PSU company has received a Letter of Award (LoA) for the supply of equipment including steam turbine generators and ancillary equipment. In addition, BHEL will be responsible for supervising the commissioning and installation of the six thermal power units.
The agreement is for a comprehensive investment of ₹6,500 crore, exclusive of GST, and will be implemented as per the project requirements of Adani Power.
Share Price Details
After opening at ₹231.85 per share on Thursday, BHEL shares fell 6.68% from its previous close to hit a low of ₹222.59 per share.
In the last five trading days, the company’s shares have declined 5%. In a period of one month, it has fallen over 12%.
However, since February 7, 2025, which is six months, the stock has gained 11%. So far this year, it has declined 4%. The market capitalisation of the company is ₹78,311.60 crore.
The company’s shares had touched their one-year high of ₹305.80 per share on August 9, 2024, while their 52-week low was ₹176 on March 3, 2025.
