Is it true that BHEL has turned around from losses to profits?

That is absolutely correct. It has been a long wait but eventually, BHEL did turn around to report a net profit of Rs909 crore for Q4FY22. This is against a net loss of Rs1,033 crore in Q4FY21. There was also revenue growth at 12.4% to Rs8,062 in the quarter. In a major boost to profits, total expenses of BHEL fell 18% to Rs7,091 crore amidst tight cost controls.

BHEL also reported full year net profits of Rs410 crore as against a net loss of Rs-2,717 crore in FY21. Amidst a surge in orders from power companies and a surge in exposure to renewable power orders, BHEL has also declared a final dividend of Rs0.40 per share.