Bharat Heavy Electricals shares hit an intraday high of Rs 464 on 14 October after Q2 standalone net profit more than doubled to Rs 810 crore.

For July to September 2026, the state-run power equipment maker posted net profit of Rs 810 crore, against Rs 368 crore a year earlier. Revenue rose 24% to Rs 9,300 crore from Rs 7,512 crore.

Profit before tax more than doubled too, from Rs 492 crore to Rs 1,078 crore. The half-year numbers show a bigger turnaround.

Revenue for April to September rose 31% to Rs 16,998 crore. Net profit was Rs 1,192 crore, a swing from a loss of Rs 87 crore in the same period last year.

The same board meeting cleared two other decisions. First, it approved about Rs 500 crore for new facilities at the Haridwar unit, which will make equipment sets for thermal and nuclear power plants.

Second, BHEL will merge its Electrical Machines Repair Plant in Mumbai with its Electronics Division in Bengaluru.

The Bengaluru division will carry on as the single merged unit from 1 November 2026. Shareholders got a payout earlier this year too, a dividend of Rs 1.40 a share with an ex-date of 17 July.

BHEL closed at Rs 464 on NSE, up by Rs 21.65 or 4.89%. That is also a fresh 52-week high. Around 3.75 crore shares changed hands, worth Rs 1,700.34 crore. The Nifty 50 ended 0.44% lower.

The stock is up 99.62% over the past year and 59.20% so far this year. Its 52-week low of Rs 229.54 came on 24 October 2025, and its market value is about Rs 1.62 lakh crore.

The future of investing is here!

Tradz by EquityPandit leverages advanced AI technology to provide you with powerful market predictions and actionable stock scans. Download the app today and 10x your trading & investing journey!