BHEL Q1 FY24: Order Book Stays Strong as Losses Persist

In Q1 FY24, turnover was 4,818 crore and revenue from operations was 5,003 crore. EBITDA was negative 242 crore, profit before tax was negative 470 crore, and profit after tax was negative 352 crore.

Total outstanding order book as of 30 June 2023 was 101,461 crore excluding taxes, comprising 69,232 crore in Power, 27,760 crore in Industry, and 4,469 crore in Exports.

The presentation highlighted industry orders including 80 Vande Bharat sleeper trainsets with 35 years annual maintenance (BHEL-TRSL consortium), traction motors, propulsion equipment for locomotives, transformers, refinery vessels, and motors. It also highlighted power sector spares and services and international supplies of gas turbine rotors and spares.

BHEL stated that India’s first indigenously developed 700 MW Pressurized Heavy Water Reactor at Kakrapar started commercial operations and that BHEL supplied equipment on both primary and secondary sides. It also reported commissioning at Chhukha Hydropower Plant in Bhutan and synchronization achievements including a Bangladesh thermal unit ahead of committed date.

BHEL reported an MoU with NPCIL to jointly pursue nuclear power opportunities using Pressurized Heavy Water Reactor technology and an MoU with Volvo Eicher Commercial Vehicles for development and deployment of Type IV cylinders for hydrogen and compressed natural gas in commercial vehicles.

No. The presentation provided order book split by Power, Industry and Exports, but did not disclose revenue or profit split by segment for Q1 FY24.