Q4FY24 Results PDF - Bharat Heavy Electricals Ltd.

Context implied. Important factors that could make a difference to the company’s Subsequent to the declaration of the results of Q4FY24 on NSE, BSE and operations include global and Indian demand supply conditions,...

Context implied. Important factors that could make a difference to the company’s Subsequent to the declaration of the results of Q4FY24 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  India’s Flagship Engineering and Manufacturing PSE… Making in India 16 Manufacturing 5400+ total 8000+ engineers Since 1964 Units intellectual capital 200 + GW power 1000+ utility plants 48% Nuclear & 1.2 GW+ solar, 150+ generating equipment commissioned 44% Hydro MW floating solar 800+ locos 34,000+ AC machines- 7,50,000+ MVA Strategic Defence largest supplier transmission eqpt supplier for 30+ yrs Bharat Heavy Electricals Ltd : Making in India since 1964 3  Key Highlights for the year: Potential Unleashed Order-Booking Diversification Booked orders for “VandeBharat” Trains, Super Highest Ever yearly Total order booking Rapid Gun Mounts, etc. Highest decadal outstanding OB. Highest Ever yearly order booking in Industry segment. Execution ~7.2 GW Capacity Addition and Going Green Synchronization works across “Harit BHEL“ launched - Net Power & Industry segments Zero target by the year 2047 Alliances & Partnerships Innovation JV for coal to ammonium nitrate with CIL Filed 543 Patents & Copyrights under incorporation. ~2.5% of Revenue on R&D expenditure ~18% Revenue from R&D products Bharat Heavy Electricals Ltd : Making in India since 1964 4  Key Financial Data Particulars (Rs. Crore) Q4FY23 Q4FY24 FY23 FY24 Sales/ Income from Operations 7819 7884 22136 22921 Revenue from Operations 8227 8260 23365 23893 EBITDA 1161 893 1468 1201 Profit Before Tax 927 631 686 220 Profit After Tax 645 484 624 260 Particulars (Rs. Crore) Q4FY23 Q4FY24 FY23 FY24 Trade Receivables 6544 8010 6544 8010 Contract Assets 26466 26748 26466 26748 Total 33010 34758 33010 34758 Particulars (Rs. Crore) Q4FY23 Q4FY24 FY23 FY24 Net Provisions (434) (105) (1083) (1037) Figures of FY 2022-23 & upto Q3 FY 2023-24 restated owing to change in Accounting Policy w.r.t. Impairment of Financial Assets (Details as per Note No. 9 of the Financial Statements) Bharat Heavy Electricals Ltd : Making in India since 1964 5  Powering Progress, Order by Order… Order inflow (in Rs. Crore) Order book outstanding (as on 31-03-2024) (in Rs. Crore) Highest ever Quarterly Order Booking Q4FY24 41,859 Export, Power, 3,898 , 3% 96,731 , 73% 5x Q4FY23 8,316 Industry, 30,969 , 24% Highest ever Yearly Order Booking FY24 77,907 Outstanding order book in excess of Rs. 1,30,000 Crore 3x FY23 23,548 Note: Order book figures are net of taxes Bharat Heavy Electricals Ltd : Making in India since 1964 6  Powering Ambitions, Booking Opportunities… Power Segment Power Segment (Rs. Crore)  Thermal Power order inflow : 9.6 GW, 7x FY24 55,642  100% market share in thermal segment  Hydro Power order inflow : 2.9 GW, 2.7x FY23 13,353 4x  Order for E&M works of 12x240 MW Dibang Multipurpose project – country’s largest E&M order for hydro project Industry Segment (Rs. Crore) Industry Segment  Order for 80 Vande Bharat trains FY24 21,951  Order for 20 nos. upgraded SRGM  Order for 33,265 MVA transmission 2x FY23 9,537 products and 10 nos. substations Note: Order book figures are net of taxes Bharat Heavy Electricals Ltd : Making in India since 1964 7  Order Book Highlights - Q4FY24 Prominent orders received in Q4FY24 Power Segment:  3x800 MW NLC Talabira Thermal Power Project from NLC India on EPC basis  2x800 MW Singrauli STPP Stage-III from NTPC Ltd. on EPC basis  2x800 MW Raigarh Phase-II from Adani Power Ltd. for supply of BTG and supervision of E&C  800 MW Ultra-Supercritical Expansion Unit at Deen Bandhu Chhotu Ram Thermal Power Plant, Yamunanagar, Haryana from HPGCL on EPC basis Industry Segment:  Supply of 95 sets of Propulsion Equipment, 83 Traction Transformer for WAP-7 Loco, Traction Engine & Electrics for Diesel Electric Tower Car  Supply and E&C supervision of 90 MW STG package from steel industry  Supply of 11 nos. upgraded SRGMs from two shipyards  Supply of various EHV substation packages Export Market:  Supply of Gas Turbine parts from UAE, Iraq  Supply of locomotive spares from Sri Lanka Railways – maiden direct export order in Railways segment  Consultancy services in Nigeria – largest ever consultancy from overseas  Supply of 04 Generator Transformers for Chhukha Hydropower Plant in Bhutan Bharat Heavy Electricals Ltd : Making in India since 1964 8  Operations Highlights: Turning Blueprints into Reality… 2X700 MW Kakrapar Atomic Power Project, Gujarat 3X660 MW North Karanpura STPP, Jharkhand 8 MW (AC) Tamarind Fall Solar PV plant , Mauritius 2X660 MW Maitree STPP, Bangladesh Bharat Heavy Electricals Ltd : Making in India since 1964 9  Operations Highlights: Delivering Excellence, Project by Project… Power Segment, Capacity Addition (MW)  Total Capacity addition works done for ~5.2 GW Power Segment:  Export Market FY24 3,910 668 4,578 Unit-2 of 2X660 MW Maitree STPP, Bangladesh, jointly inaugurated by Hon’ble Prime Ministers of India & Bangladesh 2x  Domestic Market FY23 1,580 660 2,240 Unit-3 of 2x700 MW Kakrapar Atomic Power Project (Nuclear) Unit-2 of 2x150 MW Shirpur 1x800 MW Vijayawada DR NTTPS Stage-V Domestic market Export market Unit-2 of 3x660 MW North Karanpura 1,600MW NTPC Karimnagar (SG package only) Industry Segment, Capacity Addition (MW) Industry Segment:  Export Market FY24 587 105 692 8 MW (AC) Tamarind Fall Solar PV Farm in Henrietta, Mauritius  Domestic Market 9 STGs across cement, steel and other industries 2x Solar projects including 100MW GSECL Raghanesda, Phase-II FY23 207 90 297  Separately, synchronization works done for ~2.4 GW captive power Solar Overall, project execution works done ~ 7.6 GW Note: For PV Solar and captive Power, capacity addition considered at commissioning (5.2 GW Capacity Addition works + 2.4 GW Synchronisation works) Bharat Heavy Electricals Ltd : Making in India since 1964 10  Operations Highlights - Q4FY24 Key operations milestones achieved in Q4FY24:  Synchronisation completed for 800 MW North Chennai TPP (Stage-III), TANGEDCO 660 MW Unit#6 Bhusawal TPP, MAGENCO 30 MW STG of M/s Shree Cement Ltd., Rajasthan 700 MW Unit#4 of Kakrapar Atomic Power Plant 235 MW Gas Turbine of 370 MW Yelahanka combined cycle power plant 150 MW & 45 MW STGs of M/s Sintex Infra and M/s Orissa Metaliks respectively  Capacity Addition for 660 MW of Unit # 2 of NTPC North Karanpura 150 MW of Unit # 2 Shirpur Thermal Power Plant, Maharashtra  Commercial Operation Declaration (COD) of Unit#2 of 800 MW of NTPC Telangana (Karimnagar) – BHEL Scope limited to steam generator island  03 nos. substations (Neemuch, Chittorgarh & Mandsaur), for the evacuation of renewable energy from Neemuch REZ. Bharat Heavy Electricals Ltd : Making in India since 1964 11  Continued Thrust on Self reliance in Technology… Revenue from R&D Products (Rs. cr) Patents & Copyright filed (nos.) FY24 4,249 FY24 543 0.9% 8% FY23 4,212 FY23 503 R&D Expenditure (Rs. cr) Intellectual Capital (nos.) FY24 698 FY24 5,624 1.0% 3.3% FY23 691 FY23 5,443 Bharat Heavy Electricals Ltd : Making in India since 1964 12  Transforming into a Green Company… Miyawaki Forest Captive Solar plant Saplings plantation Effluent Treatment Plant Sewage Treatment Plant Sewage Treatment Plant Bharat Heavy Electricals Ltd : Making in India since 1964 13  Pacing Towards Sustainable Future… Harit BHEL initiative launched in FY24 - Net Zero Captive Solar PV plants - ~ 35 MWP target by the year 2047 Electricity generation from captive SPV -~ 32 MUs – 8% increase over last year WEF Pledge to conserve 3 million existing trees at Carbon footprint avoidance of ~26,000 Metric Tons – BHEL campuses 8% increase over last year 81,000+ saplings planted in FY24 22 Effluent Treatment Plants and 18 Sewage 300,000+ saplings planted in last 5 yrs Treatment Plants across BHEL- 02 STPs added in FY24 Miyawaki forests in three BHEL units with cumulative 09 rainwater harvesting systems across BHEL Units coverage of 15,500+ sqm 11 Manufacturing units declared Zero Liquid Discharge Recognition in FY24 15 BHEL Townships certified as “Single Use Plastic GreenCo* silver rating: 3 manufacturing units Free” townships GreenCo* bronze rating: 2 manufacturing units Bharat Heavy Electricals Ltd : Making in India since 1964 14  Notable Achievements in Q4FY24…  Hon'ble Prime Minister of India dedicated the following thermal power projects to the Nation: Unit#1&2 of 660 MW each of NTPC’s North Karanpura Super Thermal Power Project situated in Jharkhand Unit#2 of 800 MW of NTPC’s Telangana Super Thermal Power Project located  The Joint Venture Agreement between BHEL and CIL was signed on 28 February 2024 to jointly set up a Coal Gasification Project, utilizing BHEL's in-house developed PFBG Technology.  BHEL successfully tested movement of Prototype MEMU Basic Unit, having BHEL’s electrics along with indigenously developed Train Control & Management System (TCMS) software.  Successful in designing, manufacturing and testing of ‘slurry re- circulation pump’ used for handling wet limestone-based slurry in Flue-Gas Desulphurisation (FGD) units.  Implemented in-house developed platforms, ‘Key to Vibration Analysis & Monitoring for Plant’s Agility & Novelty’ (KAMPAN 1.0) and ‘Remote Vibration & Diagnostic Services’ (RVDS) Joint Venture agreement signing between BHEL and CIL Bharat Heavy Electricals Ltd : Making in India since 1964 15  Awards, Accolades & Appreciations in Q4FY24…  BHEL conferred with three prestigious ‘SCOPE Awards’ i.e. ‘SCOPE Eminence Award 2019-20’, ‘SCOPE Meritorious Award 2016-17’ in ‘R&D, Technology Development & Innovation’ and ‘SCOPE Excellence Award 2016-17’ in ‘Digitalisation’  BHEL received Governance Now PSU Awards 2023-24 for Best PSU in 'Increase in Geo-Strategic Reach' and 'Reskilling of Employees (Training & Development)'  BHEL won Silver Award in the 3rd edition of EEPC India Quality Awards 2023 under Government/ PSU/ Central Joint Ventures category.  ‘Certificate of Merit’ by 'CFBP Jamnalal Bajaj Uchit Vyavhaar Puraskar for Fair Practices 2023-24', in the 'Manufacturing Enterprise - Large' category.  ‘Excellence in Indigenization of Rail Components in India’ at 5th Edition Rail Analysis innovation & Excellence Summit 2024  41 Quality Circle Teams bagged the Par Excellence/ Excellence Awards in 37th National Convention on Quality Concepts (NCQC)- 2023, organised by Quality Circle Forum of India (QCFI) at Nagpur BHEL received SCOPE Awards organized on 18th January 2024 Bharat Heavy Electricals Ltd : Making in India since 1964 16  Thanks! [email protected] 17