Shares of Bharat Heavy Electricals Ltd surged nearly 4% after the company reported a strong set of September-quarter results, with net profit, revenue and EBITDA.

BHEL stocks rose 3.88% to Rs 459.50 as of 2:02 pm on Wednesday.

BHEL reported a net profit of Rs 810 crore for Q2, up 120.1% from Rs 368 crore in the year-ago period.

Revenue rose 23.8% year-on-year to Rs 9,300 crore from Rs 7,511 crore, ahead of the poll estimate of Rs 9,236 crore.

EBITDA surged 76.6% year-on-year to Rs 1,026 crore from Rs 581 crore, compared with the poll estimate of Rs 881 crore. EBITDA margin improved to 11% from 7.7% a year ago, beating the poll estimate of 9.5%.

For the first half of FY27, BHEL's revenue from operations rose 30.77% year-on-year to Rs 16,998.07 crore. Net profit stood at Rs 1,191.53 crore, compared with a loss of Rs 87.22 crore in the year-ago period.

Sequentially, net profit more than doubled to Rs 809.62 crore in the September quarter from Rs 381.91 crore in the June quarter. Profit before tax rose 110.13% quarter-on-quarter to Rs 1,077.75 crore.