BHEL’s net loss widened to ₹455.50 crore in Q1 FY26, up from ₹211.40 crore a year ago.
Total expenses increased to ₹6,279.78 crore from ₹5,874.98 crore YoY, while total income saw a marginal rise to ₹5,658.07 crore.
BHEL shares fell nearly 5%, closing at ₹227.80 on the BSE, after dropping over 7% intraday.
The company's stock performance reflected investor concern over widening losses despite stable revenue.
Shares of state-owned Bharat Heavy Electricals Ltd's (BHEL) on Thursday ended nearly 5% lower after the company said its consolidated net loss widened to ₹455.50 crore in June quarter compared to a year ago.
The stock dropped 4.94% to settle at ₹227.80 on the BSE. During the day, it tanked 7.15% to ₹222.50.
At the NSE, the stock declined 4.85% to ₹228.18.
The company's market valuation eroded by ₹4,126.24 crore to ₹79,321.40 crore.
BHEL on Wednesday said its consolidated net loss widened to ₹455.50 crore in June quarter compared to a year ago, mainly due to higher expenses.
The company had a consolidated net loss of ₹211.40 crore in the quarter ended on June 30, 2024, a BSE filing stated.
Total expenses rose to ₹6,279.78 crore in the quarter from ₹5,874.98 crore in the same period year ago.
However, the total income rose slightly to ₹5,658.07 crore in the quarter from ₹5,581.78 crore a year ago.
