Q2 Earnings Results Live Updates: BHEL Q2 revenue jumps 23.8% YoY to Rs 9,300 crore, EBITDA rises 77%

Bharat Heavy Electricals reported Rs 9,300 crore, with movement of 77% and 23.8% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.

Against that, the stock is +4.4% on the day at ₹462.00, and has returned +14.1% over three months. It is trading close to its 52-week high, so expectations were already elevated going in. The capital goods & engineering sector has moved +1.8% over the same period, so Bharat Heavy Electricals is running 12.3 points ahead of its peers.

For Bharat Heavy Electricals, the question is how much of this is already reflected in the price and how much re-rates the capital goods & engineering peer set alongside it.