| Management target | Revenue 15.0% FY27 |
|---|
| Revenue growth | H1 +25.97%; FY27 guided 15-20% |
|---|---|
| Margins | EBITDA 27.43% cited for H1; FY27 target ~28% |
| Order book | INR68,717cr as on 1 Oct; INR7,334cr inflow FY27 YTD |
| Demand visibility | Order book INR68,717cr; NGC, QRSAM pipeline |
| Management confidence | High; reiterated guidance, no upgrade |
Growth
H1 revenue +25.97%, PBT +14.66%, PAT +14.80% YoY. Management says the strong H1 reflects deliberately smoothed quarterly phasing.
Outlook
Holds FY27 guidance: revenue 15%+, EBITDA ~28%, inflow INR25,000cr ex-QRSAM (INR50,000cr+ with). Capex ~INR1,200cr.
Risks
QRSAM order delayed roughly 7-8 months. NGC timing uncertain (1 day to 6 months). P-75I may slip to next year.
Last quarter's promises, checked
Delivered
- Rev growth 15%+ → H1 +25.97% (= BEAT)
Partly delivered
- EBITDA ~28% at year-end → H1 27.43%, FY ~28% held (= PARTIAL)
- ≥1 of NGC/P-75I this FY at 100% prob → NGC 1 day-6 months, P-75I may slip (= PARTIAL)
Missed
- QRSAM order by Sep 2026 → delayed 7-8 months (= MISS)
- Inflow INR55,000cr+ incl QRSAM → now INR50,000cr+ (= MISS, cut)
Investor Presentation filed with NSE, NSE: BEL. Summary written with AI assistance from the document.
Bharat Electronics Ltd: key numbers
- Share price
- ₹396.00
- Market cap
- ₹2,89,467 Cr
- Revenue (annual)
- ₹27,610 Cr
- Net profit (annual)
- ₹6,062 Cr
- P/E (TTM)
- 45.2×Sector 50.0×
- Promoter holding
- 51.14%+0.00% QoQ
- FII holding
- 16.99%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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