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Earnings Call

Bharat Electronics Earnings Call: Key Takeaways

BEL reported strong FY26 performance with 16% revenue growth and 14% PAT growth. Management confirmed meeting all prior guidance parameters and issued a positive outlook for FY27.

Why this was an Alfa AlertNot a filter event. Management explicitly stated they met guidance parameters rather than materially beating them by >5%.
Highlights
Revenue growth16% YoY in FY26; guided >15% for FY27.
MarginsEBITDA at 30% in FY26; guided >28% for FY27.
Order book₹73,882cr as of April 1, 2026; targeting ₹55,000cr+ new inflows.
Demand visibilityStrong; backed by large projects like QRSAM and submarine programs.
Management confidenceHigh; confident in maintaining growth trajectory for next 5 years.

Growth

FY26 Revenue grew 16% to ₹27,480cr; PBT rose 14% to ₹8,075cr; EBITDA margin improved to 30%.

Outlook

FY27 guidance: >15% revenue growth, >28% EBITDA margin, ₹55,000cr+ order inflow, and ₹1,200cr capex.

Risks

Supply chain disruptions in Middle East delayed critical subcomponents; semiconductor imports remain a key indigenization bottleneck.

Source

Earnings Call filed with NSE, NSE: BEL. Summary written with AI assistance from the document.

Read the document ↗

Bharat Electronics Ltd: key numbers

Share price
₹393.55
Market cap
₹2,87,676 Cr
Revenue (annual)
₹27,610 Cr
Net profit (annual)
₹6,062 Cr
P/E (TTM)
46.8×Sector 53.6×
Promoter holding
51.14%+0.00% QoQ
FII holding
18.02%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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