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Earnings Call Transcript

Bharat Electronics Earnings Call Transcript: Key Takeaways

BEL presentation highlighting Rs 26,750 Cr turnover (provisional) for FY26 and transition to indigenous technology (84%). Focus on 'Make in India' and aerospace/defence electronics.

Guidance and delivery
Management target Revenue FY26
Highlights
Revenue growthTurnover reached Rs 26,750 Cr (provisional) in FY26.
Margins84% turnover from indigenous technology; 16% from foreign.
Demand visibilityStrong; order pipeline for radars, missiles, and naval systems.
Management confidenceHigh; focusing on 'Make in India' and self-reliance.

Growth

Turnover grew from Rs 15,044 Cr in FY22 to Rs 26,750 Cr (provisional) in FY26.

Outlook

Expansion into Smart Cities, Satellite integration, and Unmanned Systems with new manufacturing facilities planned.

Risks

Reliance on DRDO/OEM collaborations and geopolitical sensitivities for export markets.

Last quarter's promises, checked

Delivered

  • Revenue Guidance met → delivered Rs 27,480 Cr (+16% YoY) (= BEAT)
  • EBITDA margin 28% → delivered 30% (= BEAT)
  • Order inflow FY26 Rs 25,000 Cr → delivered Rs 30,045 Cr (= BEAT)
Source

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

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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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