Navratna defence public sector undertaking Bharat Electronics reported its financial performance for the June quarter (Q1 FY27) today, post-market hours, with consolidated net profit rising 8.2% year-on-year (YoY) to ₹1,048 crore from ₹969 crore in the corresponding quarter last year.
However, on a sequential basis, net profit declined 52.4% from ₹2,203 crore reported in the March quarter (Q4FY26).
Revenue from operations increased 25.3% YoY to ₹5,533 crore from ₹4,417 crore in Q1 FY26. Sequentially, however, revenue fell 45.6% from ₹10,177 crore in the March quarter.
At the operating level, EBITDA stood at ₹1,389 crore, compared with ₹1,240 crore in Q1 FY26, registering a growth of around 12% YoY. The EBITDA margin also came in lower at 25.11%, compared with 28% in the corresponding quarter last year.
Meanwhile, providing an update on its order book, the company said in a regulatory filing that its order book stood at ₹72,258 crore as of July 1, 2026, providing strong revenue visibility for the coming quarters.
In July, BEL secured an order worth ₹572 crore for the supply of communication equipment, avionics, encryptors, tank sub-systems, electronic voting machines (EVMs), batteries, components, upgrades, spares, and related services.
Before that, in late June, the company bagged another ₹1,081 crore order, which included communication equipment, radars, CBRN (Chemical, Biological, Radiological and Nuclear) protection systems, seekers, avionics, upgrades, spares, and services.
Earlier, in May, BEL had secured defence orders worth ₹608 crore, further strengthening its order book and improving revenue visibility.
Meanwhile, earlier reports suggested that the Indian government is in talks with the UAE to export some of its flagship defence systems, including the supersonic BrahMos cruise missile, a move that could create additional business opportunities for domestic defence manufacturers such as BEL.
BEL share price trend
BEL shares have remained volatile in recent months following a prolonged rally that generated substantial gains for investors. So far in July, the stock has slipped 1.1% amid sharp volatility, after a flat performance in June.
So far in 2026, the stock is up only around 2%. From its March high of ₹473 apiece, it has corrected nearly 14%. Before this, the stock witnessed a sustained bull run between March 2023 and July 2024, delivering an impressive return of 216%.
Looking at the long-term performance, BEL has delivered positive annual returns in each of the last seven calendar years. The stock recorded its strongest yearly performance in 2023, when it surged 84%, followed by another 54% gain in 2024.
Disclaimer: We advise investors to check with certified experts before making any investment decisions.
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