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BHEL hits 52-week high after Q1FY27 profit turnaround
The company reported Q1FY27 consolidated net profit of ₹376.7 crore and total income of ₹7,911.9 crore, reversing a year-ago loss.
Bharat Heavy Electricals (BHEL) shares surged to a 52-week high of ₹446.75 in intraday trade on 17 July, rising almost 3% on the BSE and building on momentum from its June-quarter earnings update. LiveMint Markets said the stock also opened higher at ₹445.35 versus the prior close of ₹435.40, and was on track for a third straight session of gains if it finished green on the day.
LiveMint Markets reported that BHEL posted consolidated net profit of ₹376.71 crore in Q1FY27, supported by higher income. It said the profit came after a loss of ₹455.50 crore in the same quarter of the prior financial year, while total income climbed to ₹7,911.86 crore from ₹5,658.07 crore a year earlier.
The outlet added that, according to BHEL’s FY26 annual report, the PSU has been tasked with manufacturing 360 kW fast chargers for long-haul and large commercial electric vehicles, framed as part of India’s push for indigenous EV subsystems. ICICI Securities maintained a buy stance with a revised target price of ₹520, citing a 40% year-on-year revenue jump and EBITDA of ₹500 crore versus a year-ago loss of ₹530 crore, alongside margins of 6.5%.
ICICI Securities also pointed to improvements in execution and better realizations on projects won in the new cycle, noting BHEL has won new orders worth ₹2.7 lakh crore over the last three years. LiveMint Markets said the brokerage cited a Q1FY27 order inflow of ₹26,700 crore, bringing BHEL’s order book to ₹2.6 lakh crore, or 7.2 times trailing-twelve-month sales.