Interim report
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'l-fRcl tcft ~ 8 ~ cp ct1 R1 ~ ~ ,5 Bharat Heavy Electricals Limited (irRc7 ~ cITT d q¢t514 / A Government oflndia Undertaking) CIN: L74899DL 1964GOI004281 From: Dr. Yogesh R Chhabra , Company Secretary , BHEL , Siri Fort , New Delhi - 110049 To: 1. BSE Limited , Mumbai (Through BSE Listing Centre) 2. National Stock Exchange of India Ltd., Mumbai (Through NEAPS) Sub: Unaudited Financial Results (Standalone and Consolidated) for the quarter ended 30th September, 2026 Pursuant to Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations , 2015, it is informed that the Unaudited Financial Results (Standalone and Consolidated) of Bharat Heavy Electricals Limited for the quarter ended 30th September , 2026 , have been approved by the Board of Directors of the Company in its meeting held today, i.e., 14th October , 2026. A copy of the said results alongwith the Limited Review Reports , issued by the Auditor is enclosed herewith. Time of commencement of the meeting: 12.30 PM Time of commencement of agenda regarding approval of Financial Results in the meeting: 12.36 PM Time of conclusion of agenda regarding approval of Financial Results: 12.55 PM Time of conclusion of meeting: 0 ~,,) __ 6 /PM No. AA/SCY /SEs Date: 14.10.2026 ~ (Dr. Yogesh R Chhabra) Company Secretary share ho lderq uery@bhel.in ~~ : Gf1Qil{Qci ~ . ftrn1:JTTi, ~~ 110049 - 11:ir-, 66337598 -011 : I~: contactus@bhel.in Registered Office : BHEL HOUSE, Siri Fort, New Delhi - 110049 I Phone: 011 -66337598 I E-mail: contactus@bhel.in ~ www.bhel.com I) BHELOfficial t3 BHEL_lndia (:J BHEL_lndia (®) bhel.india (m company/bhel
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I N DIA K.VENKATAC H ALAM AIYER & CO. CHARTERED ACCOUNTA TS No:30; "Aadarsh" ,(First Floor), fadrani Nagar Palakkad - 678 012 Phone No : 9349601128 e-mail: chandrufca @gmail .com . Also at : Banga lore, Coimbatore, Delhi, Ernaku lam, Kottayam, Kallam, Mumbai & Trivandrum Independent Auditors' Review Report on Standalone Unaudited Financial Results of Bharat Heavy Electricals Limited for the Quarter & Half Year Ended 30th September 2026 pursuant to the Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended The Board of Directors Bharat Heavy Electricals Limited ewDelhi 1. We hav r viewed th accompanying statement of standalone unaudited financial results of Bharat Heavy Elech·icals Limited ("th Company") for the Quarter & Hali Year Ended 30th September 2026 ("the Stat ment") attach d h r with, b ing submitted by the Company pm uant to the requb:emen ts of Regulation 33 and Regulation 52 of th SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, as amended. This stat ment is the responsibility of the C mpru1y' s Management and ha been approved by the Board of Directors of th Compru1y. Our responsibility i t is ue a report on thes finan ial statements based on our review . 2. We conducted our review in accordance with th Standard n R vi w Engagement (SRE) 2410, "Review of Interim Fina11cinl Infon11ntion Pe,formed by the !Hdepeudent Auditor of tire Entity" issued by the Institute of Charter d Accow1tant of India. Thi tandard requires that we plan and perform th r view to obtain mod rate assuran as to whether the Statement are free of material miss tat ment. A revi w is limit d primarily to inquirie of cornpru1y personnel an d analytical procedur s, applied to financial data and thus provides less assurance than an audit. We have not performed an audit and according ly, we don t expre s an audit opinion. 3. Ba ed on om review conduct d ru1d procedures p rfonned a stated in paragraph 2 abov and bas d on the consid ration of the review report of the branch auditors referred to in paragraph 4 below, nothing has come to om attention that causes us to believe that the accompanying Stat ment, prepared in accordance with the recognition and measurement princip les laid down in the aforesaid Indian Accounting Standard and oth r accounting principl s generally accepted in India, has not disclosed the information required to be disclosed in t rms of Regulation 33 and 52 of th SEBI (Listing Obligations and Oisdosur Requirements) R gulatio11s, 2015, as amended, including th manner in which it is to be disclos d, or that it contains any material misstatement.
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4. Other Matters The financial results of 19 branches included in the Statement of the company, have been reviewed by the branch audito rs whose report have been furnished to us, and our conclusion in so far as it relates to the amounts and disclosures in lud din respect of these branches, is based solely on the report of such branch auditors and the procedures performed by us as stated in paragraph 2 above . These branches total revenue from operations of Rs. 7919 Cr and Rs. 14326 Cr, total Profit befor tax of Rs. 174 Cr and Rs. 78 Cr for the Quarter & Half Year Ended 30th Septemb r 2026 respectively, as considered in the Statement of the company. Our conclusion on the Statement is not modified in respect of the above matters . Place: ew Delhi Dated: 14th October,2026 Parb.1er M . No. 020504 UDIN: 26020504NHGPQD 327
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RH.AR,\ THE.-\ VY ELECTRIC.\LS LIMITED UNA DITEO FINANCIAL RESULT FOR THE Qt.ARTER & HALF YEA R E DED 30111 SEPTE.MBER ?0!6 Standalone Results SL. p RTI {IL,\11$ 0.1 Mn,11111 Endt:d 06 Mon1bs Ended /iO. I (accnnt. . RrYCDUt' rrom Opt-nUin,11:i: b Othtr lnrnmt : Tol:..I (ntom<" (r• .._b) 2 [ :,;peu f'.J • Cnsr of "lllltt'ialJ & tl"'ViC-e.-f b t11~11er.s i,i in\le:11torit~ or ftni~htd 1:ood:t, work~in•pn:,g~:u. :md !!Hllp ' E:mriloytt btneril.i upt- 1L"lit' J Di:pred: lfion :uuJ :1inmrtl$:1lion ~,pcn u . F1mnl ((' (OJU r Olhcr cJ:pt:nSIC.!II To1al ~,:pen,ica .I Pror.1)(Ln !Ii} btfo l"t uu111imud iltJu,;:-und 1,u (1-Z) .j 'l:Cl!pti~mal he.ms 5 J'rolitl(L.u:n1l brron.~ uu: ( .l +- .&) 6 T:a,.\. t:.xp~1tJiC :a,Cuntnt Tra't' h. OeJerrotd 1, , 7 Ne.I l1 rnfi1/ {Louj for I hot lltriod jS-6) 8 Othrr C\1mpnhrrtti\l~ Inc<Jmr/(E..,r"'" eJ (nf'I nr Bui ,, Taud om11rche11.~ln• focmnt' '1rltr 1:1:1 far tht ptriod (1+8) lO 'P-aid~up eq11iiy ,.hnr~ capiual (fi'.u:t VAh1t F'.S ! pu !'hLtr<'} II Other £q uil y 12 Ruk Oilultd Umi ue,1 P<"r Shnr«" 'cgmentwi~c Rcvcn11c, ResuUs, Asscls :ind Linbilitics SL. PARTI l ' LARS NO. l Stp1nrnl Rr-vt-nur fro111 Oin•r.;.itionll A Powu B l ndwl ry To1lll lnl tt' J~1ut-11i11I rc:\',r-tmr from optr :uia us Revenue fron) Ope:r:HiouJ .z St31,1utut R\" l' IU jf',-,1fi1lj l..t•nl h,fore T111: .IICr. l•irnmc11 Cn'l:I! A Power 8 lndmury Total Le-u: Finaucr C-osl Other 111u1Uocablt Clip~ndhurr. (net nr inc:ome1 1'01al Profil befon Tu A Pnws:r B Industry C m,11,u:.:ucd Total AJSclJ -I StgmC"nt l.iahili1;,.~ Power 8 lndu.,try C lJnallocalcd Total Liabili1ies l0.09 .1026 (Un•udited ) 9300.JS 259.110 9560.15 6958.44 (1057.03) 1652.14 83.08 124.77 721.00 M82AO 1077.75 - 1077.75 (3. 11) !71.2.1 809 .62 (52. 13) 757..19 696 . .11 26-l19.88 2.33 (nat lUUrn:.11,itdJ J0.01).2026 ( mrndiltdl 6637.90 2662.45 9300.JS 9300 .35 858.37 518.71 1377.08 12-1.77 174.56 1077.75 50060.74 11085.47 16062.78 77208.99 33699.86 8079.15 8313.69 50092.70 J0.06 . .?0'26 J0.01().20?.5 J0.09.20!6 30.09 .2025 {lJO!,\Uditt-dl (Un:audilt-d) (U n11ud1kd) ( n1udikd ) 7697.71 7511.80 (6998 .07 1?9911.71 ?30.80 181.75 490.60 367.19 7928.52 7693.5 17-188.67 LJ36S.90 5839.29 5Nl.38 12797.73 q869.36 (S42.55) (527.87) (1599 .58) (769 ,3 1) 1506.33 1479.97 3158.47 2942.43 81.88 75.46 164.96 1.19.98 139.88 195.21 264.65 376.42 390.79 2.17.39 1111.79 912 . .W HIS.62 not.54 15898.02 13481.32 512.90 492.01 1590.65 (I IS.42) - - - - 512.9ll 492.01 15 0.65 (115.42) 1.90 0.51 (1.21) 0.85 129.09 123.83 .100.33 (29.05) 381.91 367.67 1191.SJ (87.22) {52.11) (33.67) (I0U4) (67.3.1) 329 .80 33.1.00 ,087 .29 (154.56) 61 6.41 696 .-11 696 .-11 696.41 26149.88 2-1087.94 26--119.88 !4087 .94 1.10 1.06 3A2 (0.25> (uot 11.mtu=tliud) jnut ;umu:ali.nd) (nm anmmli.st-d) (nnt ,mnu 11lbcd) ' tand11lo11c Re ult~ OJ l\lu111hs Ended 06 Months Ended l0.UG.l02o J0.09 .1025 ]0,0Q.2026 30.09.202.5 (l.l'n1uidi1rd) ( 'n:mdi1c-d} (Un; mdit ed) n:u,diu:d) 5919 .50 -67S.64 12557.40 9574.50 1778.ZZ 1836.L(, 44-10.67 3-124.2 1 7697.72 7511.80 16998.07 12998.71 7697.72 75 11.80 16998 .07 12998.7 1 562.81 593.76 1421.18 83.76 242.61 180.04 761.32 586.118 805.42 873.80 2 18"2.50 670.64 139.88 195.21 26.1.65 376.42 152.64 186.58 327 .20 ,1()9.(,.J 512.90 492.01 1590.65 (115 .42) 50247.59 -18701.35 50060.74 48701.35 !0257.69 9401.95 11085.47 9401.95 16140.46 14258.68 16062.78 14258.68 76645.7-1 72361.98 77208.99 72361.98 32266.55 27909.48 7748.20 6S32.98 9784.70 13135.17 .19799.45 .17577.63 (f In Crorel \'ta,. Endtd ll.oJ .2016 (Auditrd) 3378"2.18 846.39 3462 .57 24274.28 (I ~91.19) 6467.62 315.87 756.41 1989.18 32512.27 2116.30 - 2116.30 3.31 535.U-I 1S77.95 (0.37) 1577.58 696.41 ZSl\20.0H 4.53 , In Crore Vur Ende.d ll.03.2026 {Amlitcd) 25406.71 8375..17 33782.18 33782 .18 24S1.24 1684.07 4135.3 ( 756.41 1262.60 2116.30 49208.93 10542.49 16808.71 76560.13 32517.97 7735.JI 9790.36 50043 .64
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NOTES 1. STATEME Particulars D .\ S 'ET on- urrent Asset s a Proper ty, plant and cq11ipme11I b Ca pital work - in-progr ess C ln ve.stmenl rro11er1 _ d Intan g ible ,,sse ts Intangible assets uudcr drveloprncnl f Financial Ass et s i) love tmcn ts ii) T rnd c R ecc il•~bles iii ) Otl1cr s financial nssets g Deferr ed ta ~ asset s (net or liahiliti cs) h Other non -currc11I ass els ub-Toral Non Curr ent Asset.s 2 C urren! ssets a lnventnrie s b Financial Asse ts i) T raci e llccei, ,abk ii) a h & Ca h Equi v:1le11ts- iii ) Bank Balnnrc s other than ash & ':1.~h Equi uleut s iv ) Other s fin,111ci;1I assc l · c C urrent Tai s els ( Ner) " II) h 2 a Financial Liabilitie s i) case iabilitics ii) Trad Pa yable (a) T otal oulslandin g dues of micro cn1cri1ri ses aml smnll cnte r priR~ (b) Total o uts tandin g due s of crcdil ors other Hrna micr o cnlcrpri ·t aml small cnlerpri cs iii) O ther fiuaucial li:1bilities b Pro vision s ( Other 11011.currrot li:ibilitics ' ub-l'olal I on urr u r ia bilitie s J C urren! Liabilitfr s a Financi:il Liabilit ir s i) Borrowin gs ia) tease Liabilit-ir s ii) Trndc Pa yabl e (a) Tora! out s ta11di11g ilue s or micro c111cq1r i cs nnd small enterpri ses (b) T ot:tl outstandin g due s ur cre d itor s olhe r t bn11 micro enterpri se and s mall enterpri ses iii) Other fi11ancial liabilitie s b Pro vision s c Ocher current liabilitie s (f in Crore) Standalone As nt As at 30.09 .2026 31.03 .2026 ( nauditcd) (Audited) 2869 .77 2933 .28 458 .57 "99.20 0.5 1 0.52 55.63 64.73 12 1.98 95,85 11 66.58 676.58 2479 .28 2426.93 42 1.36 2 ·s.1s 167.52 3532 ,80 )5897 .IM 147 16.11 26639.04 25!04. 78 15587.78 13334.58 7239. 12 6796.17 2.J9.39 1435.45 10181.76 10431. 17 529.76 332.13 307.93 202.7_ I 484.2 1 18923.03 50569.95 51455 .35 77208.99 76560.13 696.4 1 696.4 1 264 19.88 25820.08 27 116.29 26516.49 146.33 168,18 12 16.65 134.J.44 449 .67 4 10.96 2359.62 2354.62 15694. 14 13459.63 19866.41 17736.83 5809.16 7950.00 62.69 68.77 154 ' . 16 1932.11 7798.73 8559.49 )3 18.05 13 17.93 19 18.9 1
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?. S'"·&.'l'J'Mf:N' 'f Ofo~ C ASI-I FLOWS .\ , C1\SII l'LOW FROM OPERATING 1\ITIYITI K : Prqli1 / (I .on) hrforr. 1u AdJtH,lmentJ ror Prn1i,•1s1un and write ..irr Dcprec.wtlon .ind .ln\Onl!:ttmn Ftn.1noc co:!il (1nclud 1ng unwinding of mle:re'lt I [nt1:rest & dfV1dcnd income U111"t".a.h~t-d Fort.·IG11 Exrhcrnll,c lon/(ynrn) A.morli.!.1,11on of Govcrnme11L Grnnt 01hers inc lude 11rofo 1111..1:11~ of rnvt:s1rm::111 & rP · :1ntl lmf'1mmc11t ofln\ 'l'!ILOl~lll Ouh s::,cncr :Ued I (1.1.!i:""d\ in opr,•:uioo.s br.fru·t: 'l'I or~n s:; r.a11lt:.I f h;:m~t~~ J\dJu!Umenl for t:hrrnyeJ 1n workmg c:1p,nul Trnde Ret:e1v:'.lblcs CootrJtt J\ ss.~1s Jnvrnu:ind l.oun s, ildV+!OC4..."S & Olht'r :SS!iCIS Sub ICU~I Trnd• payohlo Advmu::i::s from cuslome~ . dcpos 11.s ,1nd Others Sub luti:11 Nt.1 Cill.!lh (utc:d in) / from workine o pit ,, I Ci.'.1.Jh =:cnrn1 t-d /(wt d l in optrlllioru Income ro ict.:1 p.11. Lrl R~rumJ of rncome (D:S.4.:5 Nt i <::IIJh (usrd in) / rr'um npcrnting nc ti\•llit.i: B. CASII PLOW FRO~I INYl:STING CT IVIT1£S : lbd<=111puon / 1mturuy orbL1nk depo .!1 1ts (ha \'1n1 Png111;1I mJU11t11v Mmofe th~n • hlOn[h&-~ I nU!'rdil rt1c:e1vcd Pr1;n:c~tls from sa le ~r 1m ~ tmt"nt D1-,, 1dcnd ti.:Cci1\1cd from ;o1 nt vcnlur • S:;!la o(pr0pe r1 .plnnt :ind Cl1lllpmc.11t, lnt.'lng1ble11 &.ets Purnlwt of prl.)perly, plant ond equipment&. lrunn g1blc- J,s.:.b (Nel) lnvC;S1tncm1 1n Jo1nr vanrnre!I Income rcee1\red froJm mutUIII runds Rccc1p1 ot'GoV1 Gr:1m {C1ipll11ll Nrt c.ll.llh (wr.d iu) / frOnl iuvu1i111?: sn·li\'iti t'l C. CASU FLOW fl!OM HN .\NCING ACTIYlTlE.~: Prm:::c,i.>d.~ from 1hun 1crm bmrowu133 Prnc.eeds I jrCp.l)yn1c1u} ,1-rleasc obl1g11turn (Prmc1pnl) Pmceed.-: I jrcp"y1m:m1) of lc3se obllgr11io11 tlnrcre5t) D1V1<le11d l)ll td ln lt':t'f:::!il p111d Net ca! h (used in) I from fimmdnt a('ti\'irie,; o. Ntt inc,·urt-/(lleut.asc) in cash tu1d t:1~11 rqui\';deuls Opl'11ine: b:4.l:rn t:e of o~ h aud c,111:,:h P.qniy,ihmtlll ICl0:1i.ue, bi.l.1111C't: of usl• :iiud. cash ,11ui'\'1dto1, Srand :ilone 06 Maath J Endtd J0,09.2026 (On:audhrdl 1590,65 l\U o7 li;-1% 164 65 (458 50) 6 ()(, (J 39) (4 85) 1770.25 (312 1 I) IJJb08 (l2o 7 o-li 16148 (1580. 19) (ma11i ion ss 1798.77 218.58 1988.SJ 1121 I I JQ JO 1907.09 284 I ? l86 -i~ lJ so -I so ~s •,o (4•10001 0 OS 95.14 (21 -IO 84) (325 701 (11181 (487 0~1 p ~.S!) (3 198.29) (I 196.06) 1435.-15 H9.39 J0.09.2025 tUrut.ndi1-cd) I ll5A2 l JSS.44 149 9'I 376,43 (J4Z 27) mon1 (3 8-1) (o?Sl 176.116 [65! 0) hl2bS (2594.791 (108 QJ) (ZW,.37) (871 'IJ) 2ln7 (J 1495,46 (IZ.$0,91) (I 074.051 (1!17 llS) (1 ISZ.0JI /211 Ill 1,1108 0 08 b l ? 1!3 l ,12) 008 1 oS (238 .06) 1qs3 29 (16 7Si \94)) (1 7] 97) (J,18.ol) 140,4,5 1 ( 15.58) -U9.?I -l?J. 6J ('I' In crore Year Ended 31.0J .20?6 (Aud itNS) 2116.30 (211 00) JIH7 756A l (778 0 1) \433 471 (9 0) (\J 09 1 1HJ.J4 ( 18 ,.o, 6$7 82 (340 1 50) (IQ7 49 1 (UI0.77) 18125 7 5 1 17 7SJJ.H 408J.6S 5826.99 (l09 80) 220 1<> 5837.38 (Jl -18 14) 6-1938 38 08 1301 (<8'10<1) (4 87 ) 0 08 oOQ (3035.-11) (S-ISOOi (SQ 19) 11 776) 1174 t>-1) (70<11-1) (IS05 .7J) 996.24 3 1'hC! fi&ur~ h~~e b'l!tm ngrQuprd /re}lrrr.n~rd . wh~rl!-"\'l!r con.sltbr-l'LI nrt e,.i~ ry rn ttmfonu 10 1he curr~nl puiod's c.l~:nifk:Uion . -4 The: abovr rt-Jioll5 bmvt- bc-t.n pn:p.:.ir~d in auord. 11c:t wi.th ap plkahl e SUU (Li:Uin:e; Ohli2a1irm3" and Dbclnfur e Re.quir emrnl .s) Rciu.Jations t 20IS .:u a rneut.ltd . h nuty ht- 1ietlti.l tb~1 dncr currcully <llcrt h n(I lmlcpt-udrnt Dirttlor uu tbt Ilost'd or BIIE.L , lhi! co11,1i1111io'1 of"OLA is mu in lin, wit h Re:, 11l;i1ion IS of SE8f Lt.niug. Rf'gul.ations , 2UIS ~nd S11:c.ti1Jn ~ 177 ur omp1mi Act1 10 13 . Ace.on.Jingly , thll! ri:..iruh.s we.re dirtt11) ' placed h1 tht- Board MeHin2 ht-Id ou U .10.?0?6 trnJ wt..rt T,\l if':Wt-d & appro, •t d br lhf' Uonrd of Oir<'c.lors in thl.! Plf!e-tin1,1:. Thr fi.mmcia l rt-.'l"oll.,- h:n·,. bctn prcp rrd id ccqrdm1,i:e Wilh lndi:1111 Attm.mlidf S1:rnt,l.iard IINO · AS ) -.. pru('rih•d undl",.- ('('lion lJJ of til e omp~lli~ .,\ ii:.t, 2.0 ll. Thr ta(ufnr .)' Aud[1orJ nr 1hr tomp::\1 1j' ha\.1e tlirritd out lht: llmil t d rt\ irw o( 1bC'.'lt rdull .s in lrrm,; Q(Rcgu l~rion 33 and Sl or [8[ (Li tin& OblielltionJ :md di$dosur" nqnirl' nk'nl ii), Ri:11,uh1fomJ. lO l 5:. :a, nm"ndf'd. 6 Trade. rt.cri vabl e:$ intl11dts 11nrd11C' amounl or R.J.196 Cr {USO ?.3 million l from cu.11omt-r STPG (fornurly NEC udau) . s tuck due. to one,uing c_fflis in 1.1da n. h:u biteu c:onsidcrfld 11:ood, If the amou111 is pravidt"d for, thll im1u1ct an ' Pntr11 btforto t~• iJ R.,.l 76 Cr (nel of ECL provi ion) . .Additiom1I di.sdomr ,1,:1 llt't" K~uhnlan 52(-4> uf E Bl (LUrtiue: ublie,llliou.!I 11ud Oiu:.los ure lh-quirf'lutnts ) R~gul atfony .2015 are enc.fond at .\nnu:urr A, For nd ao belulr or B11ar11C J-1uv C.lc.ctriul s Limited ~-::v - I . / ~,, , ,, J (K. ada.,hiv Murth y) -l () '-b Cfotirmao & ;\lanagin,: Oi tctor
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Anncxm·c A lnfonnation as require.d undt:r Regulation 52 (-0 of EBI (l1sung Obligations and Disclosure Requirement~) Rtb•tdallons, 20)5 as amtndC'd from rim" 10 ume., for 1he Quarter & HalfYeu ~nded 30th c-p1ember, 2026 is as mcn1ioned bc-lnw :1) The rnmpany has rtpa id rommuci:11 paptr on its rtsr1te1ivt d ut daft. Tht Cl lnmtrdal P:aptr.s (Hurd) of lht Comp.t oy .:.11 cm Jthh tp, 2:026 is Rs. 50 ror-cs. T he Comp:a.ny h:u: re,,.inc-d "CAR E A )+ 11 f'iHing by J\Ulli CARE E.dge Ra ling!. and " Ind A 1+" raling by M/1 lodi a Racings & Ru"are h ror ConmH•reial Papn. b) l-.':e-y Fi.mm dal lnformiUioo Sta ndalo 11 c 03 Mon1h., [oded 06 Month., £ndod Partitul :111·s Nun•crator Denominator 30.09.2026 30.06. 2026 30.09.2025 30.09.1026 30.09.2025 ta} urrcnt ntio Total Currenl Assen. Total Current Liabilities 167 IM l -15 I 07 (b) Oeb,-equil)' mio (c) Debi service coverage rauo (d) Long 1cni1 Debt 10 Working Capita l The compan) does not have an)' long cem1 debt and hl:'11 e 1hese rauo::- ue 11 01 t!pplii::ablc (c) lmer~sl ser'\ice coverage ralio (f) To1al D-cbl 10 Total Asstl.5 r1100 (g) Inventory lurnover ratio" th) Trade receivables mrno\er ratios (il Bad debt::i; 10 accounlS receh"llble ratio (il rurre m Liability Ra1io (J..J Opera1ing profit rano {I) ct profit ratio (m) Net wonh (Rs ./Cr) (nl Prolil Afier Tax !RsJ Cr l {oJ Earning Per hare (R.,) (p) Capitnl redemption reserve tRs /Cr.) " Ratios for che Period have been annua lised Notes . To<al Dehts T 01a\ Assets Rtvt1tut from ton1raets '"1th Averagi:= ln\'en1ory tNe1) customers keYenuc-from con1r.acts with Average Trade recievable customers (ne1) Bad debts wrinen off Gross TraJe Receivables Currem L1ab1l1ties Total L1ab1l111es Profit Before lmere~t, Deprecia [ion & Tax - 01her Revenue from ope rations lnrnme Profit for 1he penod (Pf\ n Revenue from operations Shu~ Capnal .,.- Reser\ e aind urplus Profit af1cr Tax Prof11 for lhe period (P,IT) WeitVned average no of shares. 008 010 2 53 3. ... , '86 ; t,I 000 OUI 0 t,O OIH JI 03°,. 6 . .556 • 8 11•. "'96• 0 ~711621} :6846 :9 S096:? 381 91 2.33 I 10 )787 37 87 I . R.a1ios roondcd off 10 2 dcc.imals The li~ure,s. have been regrouped/ rearnmged . wherever consi dered ne-<:euary to conforn~ to 1he c-urrent penod's dassificanon 2. For the abo \·e reponing period , informa1ion in respect of c.'"Curities premium accoon1. Dc=.bt capi1.al, Preference shares & Debenture redemption rese" e is : IUNA I l-~~\ I : CHA TfRED * % ACCO NTANTS ~ "P~ :¢' "'' '-" i\'4GA R,?I'- (J I> 008 0 15 ~ 50 :?.!'iJ ~ 50 J02 J 80 3 02 0 01 001 0 02 0 67 n oO 067 7 73'a 9 00', 0.34'. 4 89', 7 01•.-. (0 67)',. 24784 35 271 lo.29 2478415 167 67 119! SJ 187,22) I Oo J 4:!. 10.25) 37 87 37 87 37 7 tf i11 C r q n:-) Vear Ended ll.0J.2026 0 I I :?19 3 57 0 OS 0 bS b £H•. -'.67D• 2651<> 49 !577.95 45] 37S7
Page 8
Annexure A (cont.) Details of previous due date, next due date for the payment of interest and repayment of Commercial c) Paper s Commercial Previous Due date Sr. No. Paper - Date of Face Value (f in (From April 01,2026 Whether Paid or ext Due Date Crore) to eptember 30, Not Issue 2026) Principal & Interest Principal & Interest I 24-04-2026 650 22-05-2026 Yes NA 2 22-05-2026 400 29-06-2026 Yes NA 3 08-07-2026 750 29-09-2026 Yes NA 4 15-07-2026 500 25-09-2026 Yes NA 5 I 0-09-2026 750 NA 09- 12-2026
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0\ IND I A K.VENK ATACHALAM AIYER & CO. CHARTERED ACCOUNTANTS No:30, "Aadarsh",(First Floor), Indrani Nagar Palakkad - 678 012 Phone No: 9349601128 e-mail: chandrufca @gmail.com . Also at: Bangalore, Coimbatore, Delhi, Ernaku larn, Kottayam, Kollarn, Mumbai & Trivandrum Independent Auditors' Review Report on Consolidat ed Unaudited Financial Results of Bharat Heavy Electricals Limited for the Quarter & Half Year Ended 30th September 2026 pursuant to the Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. as amended The Board of Direct ors Bharat Heavy Elech·icals Limited New Delhi 1. We have reviewed the accompanying sta tement of consolidated unaudited financial results of Bharat Heavy Electricals Limited ("the Company") and its share of the net profit after tax and total comprehe nsive income of Joint Ventures (together referred to as ''the Group'), for the Quarter & Hal£ Year Ended 30th September 2026 ("the Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. 2. The preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Jnd AS 34) "/11teri111 Financial Reporti11g' 1 , prescribed under Section 133 of the Companies Act, 2013 and other accounting principles generally accepted in India, is the responsibility of the Compan ys Management and has been approved by Board of Directors of the Company. Our responsibility is to express a conclusion on the Statemei,t based on our review. 3. We conducted our review in accordance with the StandaTd on Review Engagement (SRE) 2410, "Review oflnterim Finnn.cial Information Performed by the Tndepenrlent Auditor of the Eutihf issued by the Institute of Charte red Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures, applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. 4. TI1e Statement includes the results of Joint Venture: BHEL-GE Gas Turbine Services Pvt. Ltd (BGGTS) and Bharat Coal Gasification and Chemicals Limited (BCGCL).
Page 10
5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review report of the branch auditors and other auditors referred to in paragraph 6 b low, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Tndian Accounting Standard and other accounting principles g nera1ly accepted in India, has not disclosed th information requir d to b disclos ed in terms of Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement. 6. Other Matters a. TI1e fin.an ial results of 19 branches included in th Statement of the company, hav e b en reviewed by th bran h auditm whose reports have been furnished to us, and our conclusion in so far a it r lates to the amounts and disclosures included in re pect of these branche , is ba d olely on th r port of such bran h auditors and the pr cedures p rformed by us as stated in paragraph 3 abov Thes e branche total r venu e from operations of Rs. 7919 Cr and Rs. 14326 Cr, total Profit before tax of R . 174 Cr and R . 78 CJ: for the Quarter & Half Y ar End ed 30th Sept mber 2026 re pectively, as consid er din th Stat ement f the company. b. the tatement al o include the group's shar of n t profit after tax of Rs. 18.46 Cr and Rs. 29.92 Cr, total comprehensive in ome of Rs. 18.39 Cr and Rs. 29.87 Cr for the Quart r & Half Year nded 30th S ptember 2026 r spectively, as onsidered in the Statement, i.n respe t of joint ventur es- BGGTS & BCGCL, wh se financial r sults hav not been reviewed by us. These financial resu.lts as ertified by the ma.nag ment has b en considered for th purpos of th se consolidated financial results , and the procedur s p rform ed by us as stated in paragraph 3 above. We did n t review th fu1ancial re ults of two jointly onb:olled ntities i.e. Raichw Pow r Corporation Ltd. and NTPC-BHEL Pow r Proj cts Pvt. Ltd. The consolidat d finan ial r suits do not includ the group's share of net loss a.I1L other compr ehensive I s of thes jointly onb·olled entiti s as the Group has afready re ognized ac umulat d losses qual to the cost f inv stment in its financial statement in re pe t of thes jointly onb:olled entities. Our conclusion on the Stat ment is not modified in re pect of th abov matters. Place: -ew Delhi Dated : 14th October,2026 Partner M. o. 020504 UDIN: 26020504NPPWEA3121
Page 11
IIH.\RAT II P.AVY ELF.CTRIC..\LS LIMl'l 'i:U ll A l/ UITEU Fl:0.A~CIAL, RF. CLTS FOR THE QU/\lffER& HALF YE R ENDED JOlh SEPTt:MllER 20!6 Con~olidalcd Rttull< SL. OJ ,\londll Ended IMi. Muuth>Ern:i,rd PJ\lfllC LARS NO. I lnwJuc • llrn:nut fm1t1 01Kc"o1.tiow, b 01hcr Income! ·r111.al hw01nr (~+b) ! £,rcmr.1 • CoJl or m:1ttri11b i<. :irnlirc-. h 0,.antll!..'C lt1 In\ ettra~ or finl.!lh(d i,m::uh, ,~ n rk,.i11lroir i,llnll 1("r",1p ' Emrilo_~IX bcDClil~ i:1.pcnu d l>q1n"tiu1ion .uni an1ur1iit.illun r:i ric:m!t: < Fluruwc co l! f Othtr u 1~1l\e~ 'r ot~l EJ:1wnK.' J T'rof'illtl•Ltl} brfurl' c,t~JllktJ\ll l itC"m., 1unl la~ !l ~ll l Shltrt _.r nd 111"(Jf1ti{k)~..111 r>t J11l1ll latloJRi' M!WU111C-t.l for- m:lu~ -ci1w1,. i\l ~ h1H.I 5 fart111ictrutl l1 cnl:." ' f'rofilJjLO.U> hcfo~ l.t\ ~J • ..I • ~ 1 T:uC' , lk'.''~ :t. C.'urrtnl T:n lt. o,rtrrc:d Utl 8 Nr1 r ronu (to.so n•r the JM!tiud 16-.7) ., 0UK"r Cun111rl'"hrm hc l11ro1n1d(E,·1tecrur) (ntl nr H•"'"I "' Tol:al on-.11'\'ll('fl.\lH' ltl('(ln .... nfltr- IIO for- t.lK pt:nud tlH-':H II Profit for 1hr ['M'rkHI, uribt,llllltk' Ul Ch,ncr_. o(1hc Comp:1~ NOfl C'M1m,U11111; lntcrc,1 I? Otl11;r ou1pri;l~rui,c IIJ('IMI~ 1tEl1~1JiCI l'u1' lfi( v-=rw.nJ a(.lt11Ju1ulilc tV °"« '-' !Jfthi! Comp::mJ> Noo Lort,Lrollutg lnltte:ll l l Tu,1.J 00111tt.1.itmht l1'i(OOk" fot lbt fltriot.l atl1ibu t:thlr-lfl 0,\11,t r_, qf~ COO\ Jl3JI) Noo Coo1rul1ms h11cn:11 ., P~d-1111 C'flUil) illh:ll'C C'Jlllill&I jt•i;u-cV:iJ1ie R!ii °! llCf'-, lum•) 11 Other [11ui1y ,. B~l'\k & Oilulc:tl E:1nl111i,,: ru S h:m:: ... cgmcnhv15e RO\'enuc, Results, A set aml L1•b1htic, I. P,\ RTI C" L;\ll5 NO. 1 S1::i:1:n,,•111 Rr:,nnw fnlm Ons:ra1i11ru ,\ ro\lfl'" R lndtoll ' Trit~ ln.ttr ~1rrr111ru n ::n :nU(. rrttn upern1H,11.1- kncmw fntm Orirr-1,1,ti{lrL1 SUtncnt Bc:mlh fr1ottjl(Lr,:nl txfurc Tu & On-111ct Cmt) A ra,-u • 8 lnd1nrf')' Tu,w L . Flll,t.n(t CMt Othtt 11111111,oc:ablr. e,p,t."11.dl'lun: (nict orinct!mt) To1al Prufn bd"art l'at J SCfment ,\u,ct 1 ,I. Pqw"' " lndll\1'1 ' C l!W&JID('::altd Tfdal ..\AM'CJ • S:ri:~nl U:i.hili liH ... l'9¥11t.l'" 8 lt1tl1.L11lry UrutJl1JC11 l11!d TolalLillll ilitic,- .ltlJ)i).21},?(, (Un11udl1rd l 9JOO..l5 252.66 9553.01 6958.-1-1 (1057.03) 165!.I-I 83.08 IH.77 721.00 8-ISUO 1071!.6! IS.-16 1089.117 (J,11) l71.2J 820,94 (;i.20) 768.74 !?0 ,94 (SZ.20) . 7 68.7-1 . 696 .. 11 26056,06 U& (001 KJ1nwli.i.ud) J0.09.:!0"...6 Uln.nudltcd) 6637.90 266!A5 9300.JS 9J00.JS 858.J S18.71 IJ 77.03 12-1.77 163.U 1089.07 50060.74 11d85.-17 15694,JJ 763-10.54 JJ699 .M 3079. 1 S Sl09 .U6 50088.07 JOJtti.?O::!!li J0,0') • .:!0!.. .. J(U.1"),.20~6 J0.04)...!{]l...c; I IIJWIIJtctJf l lllt.tldi:t~) I UnaDili1cd) (Uuu.udittdl 7607. 2 75 11 .80 16998,117 1!993. I !l~.U 17-1.61 -166.811 3-15.77 7911.86 7686.-11 17-16-i,!7 IJJ-1-1.-18 511J9.Z9 -1.ius ll 97.7J 9869.36 (~•l.~S) (527 .87) (1599. 5S) (7(,9,31) 1506 .JJ 1-179.97 JISB.-17 29U.-IJ 81.38 75.-16 164,96 149.98 IJ9 .83 195.21 ?64 .65 376.42 J'I0 ,79 237,J ') 1111. 79 ~ 12.-1-1 415.62 7201,5-1 1511~!.02 13481.32 196.H -IU.S7 1%6.SS (IJ6.UI I l..j6 1-1.36 21>.n 2,1.0J . . 5117. 70 199 .!J 159 ,77 11118.311 1,9(! II.S I (1.21) 0.85 ti9+U9 l2J.U lOUJ 129.05) 376 .7 1 37-1.89 1197,65 (811.61) (52 .119) (33.85) (IUU!l) 167.5 0) 324 .&I Hl.0-1 1093..16 (148 . 11) 376,7 1 J7-I.R9 1197.65 (80.61 I . . (S2.0 ) (Jl .85) 110U91 ((,7.511) l2M2 3-11.04 10,J,J6 11-1~. II) - . . 6%,-11 696.41 696.--'J 696.41 2577 4.~ I 2370J.S.j 2@56 .06 ll70l.5-1 1.08 1.08 JA.j (IUJI lg1l11Dnt.l.il.lb..:d) (IIIIJI .-rmLl.lUial} (nm ;11inU1ali.,at) (1101 IINUlul.i~t) oniolid• trd Results OJ MorUh! ~ II.ltd 0{i i\fonl h.s .EJMltd JO.Oti.W? fi :m.09 •. W!5 JOJl"J..;!ll~.ti 30JJ9 .l0!.ol: (Un,1udit~lo I n.11uditcd) (Unuudlf~•d) 'Nililil(dl 5919.5 0 5675.6 -1 1255 7.40 9574.50 1778.12 1836.16 4440.67 J-IU.?I 76n. Z 75 11.80 16,9!.0 7 I 2998.71 7697.72 75 11 .80 16993,0 12998,7 1 562.81 5qJ ,76 I-Ill.IS Sl.76 242.61 zso.o, 761.3! S86.H3 805.42 873.SO 21112.SO 670.6-1 139 .88 195 .2 1 164.65 l16.-IZ 157 .84 l 9.J6 J21.0! •OJ.03 507 .70 -199.!J 1596.77 (IOU ll 502-17.59 48701.35 50060,7-1 1870 1.35 1015 7.6~ 9-101.95 I 1085 • .17 940 1..95 15760.76 13868 .99 I S694..IJ 13868 .99 76266.04 71972.:!9 76840.5-1 7S"J1Z.l'J J2266.5S 27909.48 JJ699.86 ! 7909.l8 7743.20 6532 .98 9730.07 13129.88 -1979 4.3 2 -1757Z.J4 (f- 1n CroreJ Var Ended JJ ,DJ,lO!t. (Amllhid) JJ78!.18 807.65 J-1589.SJ 2-127-1.lS ll2'H.J'9> 6167.62 3 15.87 756.-11 1989.ZS JZSIZ.2 7 2077.56 61.11:\ - 2 138.61 J.J[ ;JS.04 lf,1111.26 (11.61) 1599.65 [600.26 . (11.~I) . lS 9.tiS - 696.•I 25-150.19 -1.611 (~ in Crore) v~rEl'tlkd J I .Ol.:!11.!6 ( udiltd) 2.5406.71 8]75.-1 7 33782.U 3378?.18 !451 .U 168-1.0 4IJ5.JI 756. •1 l l-10.29 ?ll3.61 •nouJ 105-11.-19 16-IJU9 6185 .6 1
Page 12
OTES I. TATE IENT OF SSE SA D LIABILITI ES Particulars f) A SET N(ln- urrcnt AS5cts " Property , plant and equipment b Ca pital " 'ork-in-progre s c ln,estment Propnt y d lnt:mgiblc :1 cl e lolangiblc a· cts und e r development Im·cstm,•111s account,'ll for 11.-;ing Equit y mcllu>d g Fi11:mci11l AsseL~ i) Investments ii ) T rade He civnhlcs iii ) Others financial asscls h Dcrerrcd hLt assel.'i (net of liabilitie s} Oth er non -current asset· 11b-Tot al Non Curn•nt Ass1•ts 2 urrcnl A ·ct ' n lu vcuturic s b Fiuautial Assets i) Tra de Rcceiv:1b l s ii) Ci~ih & ush Equiva lent ~ iii ) B:ink Bnlnncc s other tban Cas h ,I'< Cas b Equi nlcnts iv ) Otbrr financi nl a 'Sets c C urrent Ta . Assets ( Net) d II) Equil )• a Equit y h:irc ca pitol b Other Equit y ub-To tal Equity LIAB ILlTI E 2 1 oo • urrcnt Liabililies a Finaudal Linbilitits i)Lcase Linbilitic s ii) T rade Paynblc (:1) Total outs1:111ding dues of micro enterpri ses und _ mull cnlcrprisc (b ) Total oul t:1nding du es of cr~..Jilors other lllan micro enterprise.< and mall e11tcrprL~ iii) Olhcr financial li,1hilitic s b Prn,•ision c Olbcr non -currcnl li:ibilit-ies ub-To ral Non Cu,nnt Linbilltics J urrcnt Liu hilitic., 11 • iuuncial Linbililic ! i) Borrowing s ia) Lease Liabililic ii) Trade Payable (a) otul out t:rnding du es of micro enterprises and small enterprises (b) l'ot:11 outstanding dues of creditors other lhao micro cnlerprise~ aud small e111erpriscs iii) Other financial liabilities b Provision s f Other current linbilities Sub-Total Current Liabilities TOTAL EQUITY AND LLABILITIE (t' in Crore) Consolidated .l.s at As nt J0.09,2026 31.03.2026 (Unaudilcd ) ( udited ) 2869,77 293 ,28 458.57 399,20 0.51 0, ·2 5-,53 64.73 121. 98 95.85 798, 13 302.06 2479 .28 2426 , 3 421.36 258.78 J 167.52 3532.80 15R97.84 14716.11 26270.59 24730 .26 15 87.78 13 34.58 7239 .12 6796 .27 239.39 !435.4. IOISl.76 1043 1.17 529.76 332. 13 307.93 202.71 16484.21 18923.0 50569.95 51455.35 76840.54 76185.61 696.4 1 696.41 26056 .06 2 "450. 19 26752 .47 26146.60 1-16.33 168. 18 1.216.65 L343.4 449.67 410 .96 23"9 .62 2354 .62 15694.14 13459.63 19866.41 17736.83 5809. lo 7950 .00 62.69 68. 77 1543.16 1932. 11 7798 .73 8559 .49 1313.30 1918.91 105-59.60 32302.18
Page 13
Z STATEMENT Of CAS H FLOW~ c, In Crore) P:nti('uJar, Cou.sol ithl1ed 06 Month) l!'.nc~ YHrEnded JU.09.lU::6 J0.09 .'.!.02$ Jt.OJ.'.!.026 (Un~ud.itctl) (llrn1uditcd CAuilil<J) A. CASII FLOW FROM OPERATING .\CTl\1Tl£.S t Prunr l (Lois) bero,'f u, 1596.77 (108.81 ) ZIJS .61 AdJUSlmetll$1(:II' Pnu,s,~n tmd "'me off 21(1 (,7 8~ "4 (21100) Oepriecmuon .o.r,d runan11muon lf.4.% 141)99 315 K7 fml'lnte co~t Cindudmg unwmd1ni;. ur mlt."fl:.'il\ 264 <,5 376"3 7564 1 Interest & d1uclcnd i:ncon1t: 1'34 ,701 (320 ! 5) (7J'll7) Shnreoflou l tpr-O fitJ tnJOUl\ \·c:niura (2•J ''" ' JZ8 OJ) C6 1 05 1 U'nn:a.hseJ for~gn ·,ct1Mgt: loss/Cglllnl hOft (270 22) (4JJ H) Armni~uon or Go, emrn• .. '111 Gruni (J ]•)) {3 8-1) (lJM> 01hC'rs 1uci\lde profit on sdle of 111\ ~IO'll"Ol & PPE Md l111p;untl(:nt orln~·cs111K-nt (4 KS) [62.5) 11311'1) Cash :t,turnt tt.d J Cust:tl) in b11c.rn1ioru brJorc ,.,ur-kint UJ.pil:tl th..:Jnfd 1770.2.~ 176.86 IHJ,.14 Adj UJtU'k.1U for dl:l!ll!:l,C:S 111 \\.Ork1U!J. cnpual TrOOi;:: Rtc:Cl\llbles (112 Iii ((,.S:; JII) 5JH <iCJ) Cun1me1 t~~l :51 Ill<, UM Ol~bS <,K7 S: tmm1ones (~!G7 ( ... ) (:!504 7'1) 134'11 50) L.o~ . ~hunccs & (]1htr nnc•$ 1113 -'8 ( IIIM 'JJ) (1'17-l'J) Sub 1011:d (J~H0.J9J (2706..!7) (.l-1'9.771 Tr~e~42-";1bk ( 127,1111 (871 QJ) 182 1." Aduu11;,C!;j rrnm C:UStflnll.:G, di:p05US nnd ~lhcrJ lfl72 l:f;tl .l'Jf17 3') 7)5 1 17 Sub IOl:11 1198.77 1-195 • ..16 753 1 ,..1! i'!itl c:uh (m:ed ln) I from ,~·Qrki n~ 01111, I 213.'8 (IZS0.911 •oSJ.65 Ouh tt1it.nt.ll'd l(w~ j ln RJll'r.L lioru l9N/l.83 1107-l.05) 5826.')9 lr1enmt: t:L,.~ p.11d 11~1 lll ( 107 981 (21.i'l~OI R,;(hnU af im:omc ttl"t."' ]'JJrJ 2-201•1 Nc1 o.sh (u!ed in)/ fron1 apernliu!! +1f"liviUe1 1907.09 (I 182.0J) 5.'iJ7.JS B. C,\SII FI.O\ FROM! VESTl ,~G AC'fl\llTIES, RcJ.:nlflllOn I malUJll~ ofh.trl).; dcposfls (11.1,\·i~ t1ngtl\a] mnlum,yor~n: lhan ~ •• 17 (:?3J l!l w•• 1J1 1,io1iths} ln!~est r«ca'i:d IH1, ,1;: 1•17 0K b,l•J. )k l'rui.:eed5 frum !Sale oll fu m.:s111~1 IIOK 01, 1dend rt'Ct!1, cd frnrn ,ll)ml \'en, Ufe:i 2J "" 11-\l 18 OK IStdl.! of"prop!:rl) pltu1-1 3rd eqi,11pn1e111 lt. lnlW1g1blc :lSS~"l.S ., )({I ,111 1101 l'mehcue r;)(1110J)l'rt} pl:ml illLU et1m1m~L & IIIIMIJ,Lblo as:scu (N~tl :i4.S•Jo (2 I -Ill ISK'I 1).11 Im l'ltmcnt m JUlnl , en lures (41lfHill (4m hmn1~ n:~ 1 \ cd fr-,u, rrw1ual run.ts ous not< 11 II~ Recc1p1 orGo\l Gro,11 (Copllol/ 1 /.S (ii~ N~t c:a.,h (Wlt!.d inl f frc11n iuvfjltini :,.rtivilies '15.U (?JS,06) (JD.15.H I C. CAS II FLOW FROM FINANCING ACTIVITIES , l'roC"ceds rrum sh"'n 1crm borro\,~f (2 140 U) 19 J lliJ j8-15 l t0) Proceed.$ t (rC-J).:l)ll'lt tl\) oflt:i,c obh1:,t111011 (Pnr1c1pall (J:!5 7tl) (16 751 (5(J II)) Proco:J:s. I trcp::1y11li.!nl) oflt,•$ ob1'~1111o n (lnl <.'n:51) ( 12 18) jQ 13) r111r,1 D1 n d1,.-nd prud 14~7115) (173?7) (17J 1,-I) '"'"'"" pwd (2Jl ~::) (348 ~J I C70'1 141 Nl"I r-11..,h (UJtd i11I J frum fin11nd11~ L11:tivi1ie11 (l198.l9/ 1404.SJ (1805.73) ll. Nr:1 incrP:1.$ ld'-C.f1!2.'!il!) in c:i.sh n,nd tnSb equivale nt., (1196,061 (15 .581 996.14 Opening. bid:1nre or c:uh and c..ash ,qul\':.k:nli IUSAS -..IJ9.ll .U9.2,I Clo.1.ine, b.tlanc~ of ca.,h ;\ml ca.1h equiV111lt:oU 239.J9 4B.6.l 14JSAS J 1'11e figurei hl'l'-'t. bct.n r't(n111ptd ll"'!:t1t't"aJ\&,t:d. whtn'!Vt.r" couJldt.:rtd lltCffl<U')' U1 c.0Mom1 In lb~ i;n~nl peri00 1J d:wiflcation. he above resvlr.., IU11,•r h .en p~pared in :u:c-onJam·e "-iHi :.111pli1;"1tbFe S£8 1 I Llstini Obti1:ado111 :md Dbclo.~u~ Rtqnire.menl J) Rqi;ul~tioru, l015 as ;1.mt.11d.td, II muy be ,1ottd I.hat 1incc ru~ully then- is no Indc:pt~udt.nt Dirtm1r Dn tltt: Boal'd or BIIEI .• thll!" c:oruritution or B AC' a, nol in liPt. 'lliitb lttt:ulatfo11 ts or EB1 Uulut RtJ11.h11fom. WIS a11d Stttio n - 177 orCumpiudie:. ,.lei, :WIJ. Att<u-di11gly.1hr 11!St1lt., ~ 'f!n' dlrcnly pliilud in lbt. 8n.1rd l\ttttini hl"ld on 1-I. IO.l0?6211d l'\t('~ ~,,ie-,u·d & :11.ppn,1,,·l'd by lhe 801ml Gf Dir«tol1 in !hi, mct'tin~. ~ Thi! finanrial ll!snU.1 h:lYe bt.-eu (H'epare-d in :iccordance wilh Indian ,\('001m1inl!, lll0d+1.rd rrrm~AS) :u prt'Scribi!'d undu 'r.ctioo Ill or ch~ Co mp;n1ie-s ,.\c:i, lDIJ . TI1e latutory Auditors of tlle company have tarTi-rd out th~ lim il.ed ~vitiw or lh~~ ro:uU.li in tie.mis of R.11.:C11l~Lio" JJ and 5-l orSElll (Us1i,1: Obllt:-'.liol'\.t antJ dbdDUtl't' Rqulruuenul. Rt:_u! :u lon.s • .Z:UtS. M amu1dt-d. rnde- rri:C'i\111blr.:1 ht( lmk,_, o,·tnlllc amouru of RJ. 196 c ... 1u D 2J miUionl rrom (Wto1m-r STPC (fonu~rl NE Sudan), stuc k dut- to on:oin: C'l'i.si io Sudan, h:ts bffq con.sid<'rt'd iood. If the amoun1 is pru\·id,d ror. 1lu~ bu11ac1 on •Profil b<'fort: tu:' ~ lt.,-.176 r (nrt orl!· L pm\•i:sion). 7 Addilion.itl dbrlo :5ur~ 111 p,r R'l'Cuh1tion 52(4l ofSEDl tLbcine. ollligMiun . .9 :ilnd Di$cl0$ul'1! R«'quirtmt:nu) Rqulatfons .1015 an! tttcfoscd :ti Annv.1u1! .A • .H The Com pan)' h;u: rollowini Join1 ' 'C'nlut'Cll : 9 81·1ElrGE. Ca.s Turbine Senricet P,·1. Lid (DCGTS), Raidmr Power orporalion Lid . (RP ,. NTP -UI-IEL rnw,r ProjutJ Jt\'f , ... Id. (NRrPLI md Dh:inu Ccnd G1t1mnulou and 01unicals Limittd (BCC L}.TI1c omp.any dues: no1 hnt: IIJl) ' ubsldi:uy :aud !Cod111tS durint: lht tar. F'"onmd un bthalf of BIHU'U I Heavy [lt-ttricals Uutl1Nt O< -~ )10/l-6 Cb.:Ummn & M"nae,ioc Dhrtlar
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Anuexur e A lnfonmuion as required under Regulauon S2 t-1) ofSE BI !Lis.tin!,: Obligarion:s .and D1sclasure R.t:qmrem~cs) Regulations, .'.!015 :,s iunendi!:d frvm ume lo rune., for lh~ Qu:mc-r & Half Yeu ended J0th epiember, 2026 1s as 1uent1oned bel(mi- 1.) Tht- com1lllll)' has: rt-1)llid romm t rri..::al 1)a1irr on its r t s11rtli \1r du~ d111 r. Thr om muri:tl f'~pr-rs (lislrdJ of the ompan y as on JOtb ~p. Z0l6 is Rs. 50 ror t's. T hf' ompan y b.iu rtrai nrd " ARE A l+ " rilllin~ b~· J\Vs C RE £ dgt Rlt1in_gs il lld "Lnd Al +" r.aling by MJs. Jndi:11: Rath 1g.s & Re.st.ar ch ror Commt rci1d Paper. b) Key Fin:1nc.i:.1.l lnrornu1 io11 Co n.~o)id,ttrd Ct in Cron·) 03 """"""' [oded 06 Monlhs [oded Year t'..ndW Parliculars umerator l>en.ominaror 30.09.1026 J{l.06.2026 30.Q9.l025 30.09.2026 30.09.2015 JI.OJ.2026 (.a} Cu!'rcm nniu Tot11l Current A:>Stls. Tot11] Current Linbili1ie.s I o7 I bO l 45 I 67 I 45 I 59 (b) D<bt-'«]Ui\y ra,io (c) Debt service coverage rauo The company does not have any long term deb1 and hence these ratios are nm applicable (d) Long term ll<bt 10 Working Capitol (el huereu service coverage nuio (0 T01:tl Debr to To1al Assers ra1io Total Deb1s. Total ~sets 008 010 015 008 0 I> 0 II {g) Inventory u.1 m over 1atio 1 Revenut from c:,orurac1s; wi1h A\•cr:a~e Inven1ory {Net) 2 53 2 47 :: so 2 SJ .2 )0 2 79 CU$10m t:1'5, (h) Trade recc1vmbles 1urnoi.•t r ratio 1 Re,•enui;: from contracts Wlth A\.crage Trade rttie ... ablc n l ol l 02 J.86 J 02 J,7 customers. (n<1I ji) Bad deb1s to accoun1s receLvable rauo Bad debts wnmm off Gros.s Trade. Recel\·ables 000 001 001 00 1 002 0 OS ij) Currcnl Liability Ra1io Current Liabilities Tot11J Liabihues ObO 01>4 067 060 067 0 t>S Profil Before 1n1erest, {k) Oper;ning pmnt r:iuo Depreci auon & Tax & Other Revenue from opernnons 11 23•, b 09"• 7 9!•o Q IS~, o ss•, 7 11•. Income (ll Net profit rario Profit for ~te penod (PAT) Rever.ue from operations 8 &J•. 4 sg-,. ~ 9()"·· 7 os•·o (0 61)', -I 741!-·· (m) Ne1 wonh (Rs_1 Cr I Sh1ue Capi,111 + Reserve 1.nd urplu:. 1675247 :?6471 22 24399 9; 26752 47 24]99.95 26146 60 (n) Profit AfierT,x (Rs /Cr) Profil a Her Ta~"t 82094 7o 71 )74 9 1197 oS (80 61 I 1600.26 (o) Eanung Per haro (Rs.) Prof11 for the period (PAT) Weiijhled average no o 2Jb I 08 I 08 J 44 (0 llJ 4.()(1 shares (p) Cmpi1.ol redem1,1ion ,escrve (Rs }Cr) 37 7 3787 37 87 7S7 7 87 3787 S Ro1ios for 1he Period have been annualised Nore! _ I. Rauos rounded off to 2 decim.ifs The fi~'\1res h:avt bL-etl r~gmupcd/rearranged , where\•,e,r c.onS1dered necessary 10 conforni to the current period 's dasSJficanon 2 f or the abO\·e reporting period, information in respect of Sccurilit s premium .account, Debt capi1al, Preferanc.e 5harc:s & Debcnrure redemption rescrYe is Nl 'A
Page 15
Annexu re A (cont.) Details of previo us due date, next due da te for the payment of interest and repaymen t of Com mercial c) Papers Commercial Previous Due date Sr. No. Paper - Date of Face Value (f in (From April 0L,2026 Whether Paid or Next Due Date Crore) to September 30, Not Issue 2026) Principal & Interest Principal & Interest I 2-1-0-1-2026 650 22-05-2026 Yes NA 2 21-05-2026 ,lf)O 29-06-2016 Yes NA 3 08-07-2026 750 2\l-09-2026 Yes NA ~ I i-07-2026 500 25-09-2026 Yes NA 5 11~09-2026 750 NA 09-1 1-!016