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Maharatna stock jumps 4% after it announces 123% YoY increase in net profits

News by Aliceblue News Desk

29 Jan 2025

Maharatna stock jumps 4% after it announces 123% YoY increase in net profits

Introduction:

Maharatna stock delivered a strong Q3FY25 performance, with net profit soaring 123% YoY to ₹134.7 crore and revenue rising 32.2% to ₹7,277.09 crore. Robust EBITDA growth and a significant order inflow of ₹47,947 crore highlight its strong financial position and future prospects.

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Share Price movement of Bharat Heavy Electricals :

On January 29, 2025, Bharat Heavy Electricals Limited opened at ₹184.14 and climbed 4% intraday, reaching a high of ₹196.49. The stock hit a low of ₹184.14 and is currently trading at ₹195.12, with a market capitalization of ₹67,942.02 crore.

Bharat Heavy Electricals Q3 Results:

BHEL reported a strong Q3FY25 performance, with consolidated net profit surging 123% YoY to ₹134.7 crore from ₹60.31 crore in Q3FY24. Revenue for the quarter rose 32.2% YoY to ₹7,277.09 crore, reflecting improved operational performance and increased project execution.

EBITDA for the quarter reached ₹420 crore, up from ₹321 crore a year ago, indicating better cost efficiency. The company’s financial strength and profitability improvement contributed to a 4% rise in its stock price post-results, signaling positive investor sentiment.

Order inflow increased 33% YoY to ₹47,947 crore, compared to ₹36,048 crore in the previous year. As of December 31, 2024, BHEL’s outstanding order book stood at ₹1,60,157 crore, reinforcing its strong project pipeline and future growth prospects.

Also Read: Stocks To Watch For Budget 2025

Recent news About Bharat Heavy Electricals  :

On January 10, 2025, Bharat Heavy Electricals Limited (BHEL) signed a Memorandum of Understanding (MoU) with Oil and Natural Gas Corporation (ONGC) to collaborate on energy projects. This partnership aims to strengthen India’s energy infrastructure by leveraging both companies’ expertise in power and development.

Stock performance of Bharat Heavy Electricals for Period of 1 week, 6 months and 1 year:

Over the past week, Bharat Heavy Electricals’ stock declined by 8.68%, reflecting short-term market pressure. In the last six months, the stock has dropped 37.8%, indicating prolonged weakness. Over the past year, it has fallen 17.7%, highlighting challenges despite recent financial improvements.

Also Read: Best Sectors To Watch For Budget 2025

Shareholding pattern of Bharat Heavy Electricals :

All values in %Dec-24Sep-24Jun-24
Promoters63.1763.1763.17
FII7.989.489.1
DII15.4914.6915.03
Retail & others13.3612.6512.71
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About Bharat Heavy Electricals :

Bharat Heavy Electricals Limited (BHEL) is a Maharatna PSU specializing in power generation equipment, transmission systems, and industrial solutions. Established in 1964, BHEL plays a crucial role in India’s energy sector, manufacturing turbines, boilers, and electrical components for diverse industries.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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