BEL Q2 results: Nomura sees Rs 70-75 billion corvette orders in Q3 after 14% EBITDA beat
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Bharat Electronics Ltd.
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Unlock signals — freeAbout Bharat Electronics Ltd.
Bharat Electronics Limited (BEL) is a state‑owned defense electronics manufacturer that designs, produces, and supplies a broad portfolio of systems for the Indian armed forces, including radars, avionics, electronic warfare, and unmanned platforms. Its core revenue drivers are defense communication products, land‑based radars, and C4I systems, which together accounted for approximately 70% of its ₹28,717 crore revenue in the latest fiscal year. BEL also generates significant income from civilian offerings such as e‑governance solutions, telecom infrastructure, and solar power systems, contributing about 15% of total sales. Recent developments include the approval of a ₹2.12 lakh crore defense procurement package, which is expected to boost BEL’s order book and lift its production capacity
Financial Highlights
| Metric | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹20,268 Cr +14.29% | ₹23,769 Cr +17.27% | ₹27,610 Cr +16.16% |
| EBITDA Margin | 24.90% | 28.75% | 29.15% |
| Net Profit | ₹3,985 Cr +33.51% | ₹5,321 Cr +33.55% | ₹6,062 Cr +13.92% |
| EPS | ₹5.45 | ₹7.28 | ₹8.29 |
Annual figures in Indian Rupees (Crores). Source: company filings (NSE).
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Strategic Outlook
- Q2FY27 results: revenue ₹7, 328 Cr, PAT ₹1, 540 Cr, EPS ₹2.11, EBITDA margin 27.9%. Growth context: revenue YoY +26.5%, PAT YoY +19.6%, revenue QoQ +32.1%, PAT QoQ +46.1%.
Management highlights capacity ramp‑up, commissioning, government capex support, order wins, deal pipeline and backlog b...
FY26 (last completed FY): revenue ₹27, 610 Cr, PAT ₹6, 062 Cr, EBITDA margin 29.2%, EPS ₹8.29. Year-on-year: revenue YoY...
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Frequently Asked Questions
What AI signals does NiveshIQ provide for Bharat Electronics Ltd.?
NiveshIQ detects active intelligence signals for Bharat Electronics Ltd. (BEL) — including earnings catalysts, relative strength patterns, sector sweeps, and pullback setups. It also shows an Expected Move (1D/1W/1M range based on news, fundamentals and technicals) and a Confidence Score based on historical directional and magnitude accuracy. These are exclusive to NiveshIQ.
What are the key financials for Bharat Electronics Ltd.?
Bharat Electronics Ltd. operates in the Capital Goods sector with a market capitalisation of ₹30,262,485.3L Cr. Revenue, net profit, EPS and EBITDA margins across the last three annual periods are shown above, sourced from BSE filings.
Does NiveshIQ provide investment advice?
No. NiveshIQ provides educational market intelligence and research context, not investment advice or buy/sell recommendations.