Bharat Electronics Limited (BEL), a Navratna Defence Public Sector Undertaking, has reported robust financial results for the third quarter of fiscal year 2025, ending December 2024.
Financial Highlights:
- Revenue: BEL’s consolidated revenue from operations for Q3FY25 stood at ₹5,770.69 crore, marking a 38.6% increase from ₹4,162.16 crore in the same quarter of the previous fiscal year.
- Profit Before Tax (PBT): The company reported a PBT of ₹1,754.15 crore, a 49.64% rise from ₹1,172.26 crore in Q3FY24.
- Profit After Tax (PAT): PAT increased by 47.3% year-on-year to ₹1,316.06 crore, up from ₹893.30 crore in the same quarter last year.
Operational Performance:
- Execution Growth: BEL achieved a 39% year-on-year growth in execution during the quarter.
- EBITDA Margin: The company expanded its EBITDA margin by 330 basis points to 28.9%, surpassing analyst expectations.
Order Book and Outlook:
- Order Book: As of January 1, 2025, BEL’s order book stood at ₹71,100 crore, providing strong revenue visibility for the upcoming quarters.
- Future Orders: The company anticipates significant orders in the coming years, including:
- ₹15,000 crore annually from base order inflows (including AMC/spare contracts).
- ₹25,000–30,000 crore for the Quick Reaction Surface-to-Air Missile (QRSAM) system in FY26.
- ₹15,000 crore for the Medium Range Surface-to-Air Missile (MRSAM) and MFSTAR radar system for next-generation corvettes in FY27.
Analyst Perspectives:
Brokerages have responded positively to BEL’s performance:
- Nomura: Raised its FY25 EBITDA margin and EPS estimates by around 200 basis points and 8%, respectively, maintaining a ‘Buy’ rating with a target price of ₹363.
- Nuvama: Increased EPS estimates for FY25, FY26, and FY27 by 11%, 4%, and 2%, respectively, with a revised target price of ₹350.
Bel share price
Overall, BEL’s strong Q3 performance and promising outlook have garnered positive attention from analysts, reflecting confidence in the company’s growth trajectory.
As of January 31, 2025, Bharat Electronics Limited (BEL) shares are trading at ₹278.75 on the National Stock Exchange (NSE), reflecting a 4.32% increase from the previous close.
Key Financial Metrics:
- Market Capitalization: Approximately ₹2.038 trillion.
- Price-to-Earnings (P/E) Ratio: Around 40.83.
- Dividend Yield: Approximately 0.79%.
Recent Performance:
- 52-Week Range: The stock has traded between ₹171.75 and ₹340.50 over the past year.
- Recent Developments: BEL reported a 47.3% year-on-year increase in Profit After Tax (PAT) for Q3FY25, reaching ₹1,316.06 crore.
Investor Considerations:
BEL’s strong financial performance and substantial order book position it favorably in the defense sector. However, investors should consider market volatility and conduct thorough research before making investment decisions.
Please note that stock prices are subject to market fluctuations. For the most current information, consult real-time financial platforms or a financial advisor.
Bharat electronics q3 results earnings2022
Bharat Electronics Limited (BEL), a Navratna Defence Public Sector Undertaking, reported its financial results for the third quarter of fiscal year 2022-23, ending December 2022.
Financial Highlights:
- Revenue: BEL achieved a consolidated revenue from operations of ₹5,770.69 crore in Q3FY23, marking a 38.6% increase from ₹4,162.16 crore in the same quarter of the previous fiscal year.
- Profit Before Tax (PBT): The company reported a PBT of ₹1,754.15 crore, a 49.64% rise from ₹1,172.26 crore in Q3FY22.
- Profit After Tax (PAT): PAT increased by 47.3% year-on-year to ₹1,316.06 crore, up from ₹893.30 crore in the same quarter last year.
Operational Performance:
- Execution Growth: BEL achieved a 39% year-on-year growth in execution during the quarter.
- EBITDA Margin: The company expanded its EBITDA margin by 330 basis points to 28.9%, surpassing analyst expectations.
Order Book and Outlook:
- Order Book: As of January 1, 2025, BEL’s order book stood at ₹71,100 crore, providing strong revenue visibility for the upcoming quarters.
- Future Orders: The company anticipates significant orders in the coming years, including:
- ₹15,000 crore annually from base order inflows (including AMC/spare contracts).
- ₹15,000 crore for the Medium Range Surface-to-Air Missile (MRSAM) and MFSTAR radar system for next-generation corvettes in FY27.
- ₹8,000–10,000 crore for radars, electronic warfare, communications, and missile systems between FY25 and FY27.
Analyst Perspectives:
Brokerages have responded positively to BEL’s performance:
- Nomura: Raised its FY25 EBITDA margin and EPS estimates by around 200 basis points and 8%, respectively, maintaining a ‘Buy’ rating with a target price of ₹363.
- Nuvama: Increased EPS estimates for FY25, FY26, and FY27 by 11%, 4%, and 2%, respectively, with a revised target price of ₹350.
Overall, BEL’s strong Q3 performance and promising outlook have garnered positive attention from analysts, reflecting confidence in the company’s growth trajectory.
Bharat electronics q3 results earnings2023
Bharat Electronics Limited (BEL), a Navratna Defence Public Sector Undertaking, reported its financial results for the third quarter of fiscal year 2024-25, ending December 2024.
Financial Highlights:
- Revenue: BEL’s consolidated revenue from operations for Q3FY25 stood at ₹5,770.69 crore, marking a 38.6% increase from ₹4,162.16 crore in the same quarter of the previous fiscal year.
- Profit Before Tax (PBT): The company reported a PBT of ₹1,754.15 crore, a 49.64% rise from ₹1,172.26 crore in Q3FY24.
- Profit After Tax (PAT): PAT increased by 47.3% year-on-year to ₹1,316.06 crore, up from ₹893.30 crore in the same quarter last year.
Operational Performance:
- Execution Growth: BEL achieved a 39% year-on-year growth in execution during the quarter.
- EBITDA Margin: The company expanded its EBITDA margin by 330 basis points to 28.9%, surpassing analyst expectations.
Order Book and Outlook:
- Order Book: As of January 1, 2025, BEL’s order book stood at ₹71,100 crore, providing strong revenue visibility for the upcoming quarters.
- Future Orders: The company anticipates significant orders in the coming years, including:
- ₹15,000 crore annually from base order inflows (including AMC/spare contracts).
- ₹15,000 crore for the Medium Range Surface-to-Air Missile (MRSAM) and MFSTAR radar system for next-generation corvettes in FY27.
- ₹8,000–10,000 crore for radars, electronic warfare, communications, and missile systems between FY25 and FY27.
Analyst Perspectives:
Brokerages have responded positively to BEL’s performance:
- Nomura: Raised its FY25 EBITDA margin and EPS estimates by around 200 basis points and 8%, respectively, maintaining a ‘Buy’ rating with a target price of ₹363.
- Nuvama: Increased EPS estimates for FY25, FY26, and FY27 by 11%, 4%, and 2%, respectively, with a revised target price of ₹350.
Overall, BEL’s strong Q3 performance and promising outlook have garnered positive attention from analysts, reflecting confidence in the company’s growth trajectory.