BHEL Q2 FY25 Results Supplementary Information PDF

Ref: CC/MISC/2024-25/42 Date: 28.10.2024 To 1. BSE Limited, Mumbai 2. National Stock Exchange of India Ltd., Mumbai Subject: BHEL Q2 FY25 Results Supplementary Information BHEL Q2 FY25 results supplementary informa...

Ref: CC/MISC/2024-25/42 Date: 28.10.2024 To 1. BSE Limited, Mumbai 2. National Stock Exchange of India Ltd., Mumbai Subject: BHEL Q2 FY25 Results Supplementary Information BHEL Q2 FY25 results supplementary information is enclosed as Annexure Digitally signed by SAYED SAYED SALAHUDDIN SALAHUDDIN Date: 2024.10.28 19:01:58 +05'30' Yours sincerely (Sayed Salahuddin) Dy. Manager, Corporate Communication, BHEL  Q2FY25 Results Supplementary Information Chief Investors Relation Officer, BHEL 28th October, 2024 Context implied. Important factors that could make a difference to the company’s Subsequent to the declaration of the results of Q2FY25 on NSE, BSE and operations include global and Indian demand supply conditions, finished www.bhel.com post approval from the Board, following supplementary goods prices, cyclical demand and pricing in the company’s principal information is shared for the interest of broader investor community. markets, changes in government regulations, tax regimes, economic developments within India and the countries within which the company Cautionary Statement conducts business and other factors such as litigation and labour Statements in this “presentation” describing the company’s objectives, negotiations. The company assumes no responsibility to publicly amend, estimates, expectations or predictions may be “forward looking modify or revise any forward looking statement, on the basis of any statements” within the meaning of applicable securities laws and subsequent development, information or events, or otherwise. regulations. Actual results could differ materially from those expressed or 2 2  Key Financial Data Particulars (Rs. Crore) For Q2 FY24 For Q2 FY25 Upto Q2 FY24 Upto Q2 FY25 Revenue from Operations 5,125 6,584 10,129 12,069 EBITDA 43 393 (13) 334 Profit Before Tax (197) 132 (481) (148) Profit After Tax (58) 97 (271) (116) Note: The financials for the Half Year ended 30.09.2023 have been restated in line with the change in accounting policy by the company in FY 2023-24 with respect to factoring time value of money while calculating Expected Credit Losses in respect of Contract Assets. Bharat Heavy Electricals Ltd : Making in India since 1964 3  Order book outstanding Order inflow (in Rs. Crore) Order book outstanding (as on 30-09-2024) (in Rs. Crore) Export; 3,763 ; 2% Power; 1,25,984 ; Upto Q2 FY25 41,087 79% Industry; 30,682 ; 19% 23% Outstanding order book >Rs. 1,60,000 Crore Upto Q2 FY24 33,479 Note 1: Sector wise Order Receipts Upto Q2 FY25: Power Sector Rs. 38,323 Cr ; Industry Sector Rs. 2,630 Cr ; Exports Rs.134 Cr Note 2: Order book figures are net of taxes Bharat Heavy Electricals Ltd : Making in India since 1964 4  Account Receivables Particulars (Rs. Crore) Upto Q2 FY24 Upto Q2 FY25 % Change Trade Receivables 7,493 9,045 21% Contract Assets 27,247 28,430 4% Total 34,740 37,475 8% Category Central Utilities State Utilities Private Sector Exports Share, % (as on 30th 43.6% 39.0% 13.6% 3.8% September 2024) Provisions Particulars (Rs. Crore) Upto Q2 FY24 Upto Q2 FY25 Creation 480 782 Withdrawal 931 977 Write off 10 26 Net Provisions (440) (170) Note: The financials for the Half Year ended 30.09.2023 have been restated in line with the change in accounting policy by the company in FY 2023-24 with respect to factoring time value of money while calculating Expected Credit Losses in respect of Contract Assets. Bharat Heavy Electricals Ltd : Making in India since 1964 5  Order Book Highlights – Q2FY25 Prominent orders received in Q2FY25 Power Segment: ▪ EPC package for 2x800 MW Koderma (Phase-II) TPS, Jharkhand ▪ EPC package for 1x800 MW Sipat (Stage-III), Bilaspur, Chhattisgarh ▪ Supply of Boiler, Turbine and Generator package, including supervision of E&C, for ▪ 2x800 MW Phase-II and 2x800 MW Phase III Kawai, Rajasthan ▪ 2x800 MW Phase-III Mahan, Madhya Pradesh ▪ Methanol Firing in Gas Turbine at Kayamkulam - Pilot project for demonstration of alternate fuel for existing gas assets Industry Segment: ▪ Supply, including supervision of E&C, of 1x12 MW STG from Cement manufacturing company ▪ EPC of 765 kV AIS Substation Package for substations at Mandsaur and Indore ▪ Supply of 500 MVA, 765 kV Transformers for Koppal-II and Gadag-II ▪ Supply of 177 sets of 6531 KVA Main Transformers from Indian Railways ▪ Supply of 9 nos. of 700 HP diesel electric shunting locomotive from steel manufacturing company Export Market: ▪ Supply of 2 nos. of 175 MW air-cooled Synchronous Generators for 1x660 MW Panki STPS – EPC by BHEL Mmamabula Thermal Power Project, Botswana Bharat Heavy Electricals Ltd : Making in India since 1964 6  Operations Highlights – Q2FY25 Key operations milestones achieved in Q2FY25: ▪ Synchronisation completed for 660 MW Panki STPS 800 MW Unit#2 of Yadadri TPS 45 MW Unit#12 STG of Orissa Metaliks Private Ltd. 15.5 MW STG of HPCL, Vizag ▪ Commissioned 45 MW STG for Real Ispat project, Bhatpara ▪ Full load achieved for 370 MW Yelahanka gas based combined-cycle power plant – inaugurated by Hon’ble Chief Minister of Karnataka in September 2024 ▪ BHEL supplied 45th Steam Generator (SG) for GHAVP Nuclear Power Plant – Highest number of SG by any manufacturer in India Inauguration of 370 MW Yelahanka by Hon’ble Chief Minister of Karnataka Bharat Heavy Electricals Ltd : Making in India since 1964 7  Notable Achievements in Q2FY25 ▪ Designed, manufactured and tested 200 kW High Temperature Super Conducting (HTSC) motor through indigenous R&D – first of its kind in the country ▪ Successfully designed, manufactured and tested largest size and highest rating vertical Kaplan runner in the country for Polavaram HEP ▪ Completed Performance Guarantee test for Lean Gas Compressor package for ONGC – Highest-rated VFD-Fed Motor (10 MW) driven compressor ever supplied by the company ▪ Designed, developed and tested Pump Module (Engineering Unit) of Liquid Cooling System (LCS) for LCA (Light Combat Aircraft) Mark 2 ▪ Designed, developed and tested 85 kW Axial Flux Permanent Magnet (PM) based Motor for e-mobility and defense applications – ARAI certified for e-bus ▪ Proof firing of first upgraded Super Rapid Gun Mount (SRGM) cannon successfully completed & dispatched from Proof and Axial flux motor for direct drive E-mobility Experimental Establishment (PXE) to Indian Navy Bharat Heavy Electricals Ltd : Making in India since 1964 8  Awards, Accolades & Appreciations in Q2FY25 ▪ Paid a final dividend of ~Rs. 55 Crore for the year 2023- 24 to the Govt. of India (Total dividend paid to the shareholders is over Rs. 87 Crore). ▪ Participated in the 'Government Achievements & Schemes Expo 2024' organised at Pragati Maidan, New Delhi from 20-22 July 2024 and showcased its capabilities, achievements and contribution in Nation building. The company was awarded 'First Prize' under the category 'Providing Solutions for a Better India' during the Expo. ▪ Received ‘EPC of the Year – Generation Award 2024’ from Bharat Electricity and POWERGEN India ▪ Received ‘Governance Now PSU IT Award 2024’ under the category of ‘Excellence in Software Development’. Final dividend presented to Hon’ble Union Minister of Heavy Industries and Steel by CMD, BHEL, in the presence of senior officials of MHI along with the Directors on the board of BHEL Bharat Heavy Electricals Ltd : Making in India since 1964 9  Thanks! [email protected] 10