Company Overview
Established in 1946, Bharat Bijlee Ltd is a leading Indian electrical engineering company engaged in the manufacturing of transformers, electric motors, elevator systems, drives, and automation solutions. The company also provides turnkey solutions for extra-high voltage (EHV) switchyards, high voltage (HV) and medium voltage (MV) substations, and electrical balance of plant (E-BoP) projects, serving key industries across India’s power and industrial sectors. Presenting below its Q2 FY26 Earnings Results.
Q2 FY26 Earnings Results
Bharat Bijlee Ltd reported revenues of ₹473 crore for Q2 FY26, marking a 20.05% increase year-on-year from ₹394 crore.
Total expenses stood at ₹448 crore, rising 17.89% YoY compared to ₹380 crore in Q1 FY25.
The company’s consolidated net profit jumped 47.37% year-on-year to ₹28 crore from ₹19 crore in the same quarter last year.
Earnings per share (EPS) improved significantly to ₹24.98 from ₹16.62, up 50.3% YoY.
Operational & Strategic Update
- Revenue Momentum: Growth was driven by robust demand from the industrial and energy sectors, with strong performance across key business segments such as power systems and industrial automation.
- Segmental Contribution: The Power Systems segment showed solid growth supported by large turnkey order executions and stable project volumes, while the Industrial Systems division maintained steady sales growth in motors and drives.
- Profitability Improvement: EBITDA margins expanded owing to improved cost management, better pricing realization, and enhanced utilization of production facilities.
- Balance Sheet Strength: The company maintained a healthy debt-to-equity ratio of 0.12, reflecting strong financial discipline and liquidity position. Interest costs remained low, providing room for reinvestment into capacity and R&D.
- Strategic Priorities: Bharat Bijlee continues to focus on high-efficiency products, automation-driven solutions, and service integration in its Business 2X growth initiative, targeting higher market share in segments such as industrial drives and renewable energy transformer systems.
Outlook
Driven by strong infrastructure spending and rising industrial activity, Bharat Bijlee expects continued momentum in FY26. The management remains focused on improving operational efficiency, strengthening its order book, and capitalizing on India’s ongoing energy transition and digital automation trends. With increasing domestic demand and technological advancements, the company is well-positioned for sustainable growth and margin expansion.
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