Bharat Electronics reports strong H1 FY26 financial performance

Bharat Electronics Limited achieved revenue from operations of INR10,180 crores in H1 FY26, a 15.92% increase from INR8,782 crores in the comparable period last year. Profit before tax rose by 21.5% to INR3,023 crores, up from INR2,488 crores, while profit after tax increased by 20.77% to INR2,255 crores, compared to INR1,867 crores previously. EBITDA margins expanded to 30.15% from 27.26%, and earnings per share grew to INR3.09.

The company's order book stood strong at INR74,453 crores as of October 1, 2025, and further increased to INR75,600 crores by the announcement date. New orders acquired in FY26 totaled INR14,750 crores to date, with emergency procurement orders reaching INR1,350 crores and an additional INR2,000 crores in the pipeline. Major pending orders include LRSAM (INR5,000 crores), electronic fuses (INR4,500 crores), BMP-2 upgrade (INR3,000 crores), and Akash Army (INR2,700 crores).

BEL anticipates achieving over INR27,000 crores in new orders this financial year, excluding QRSAM, with potential orders exceeding INR50,000 crores, including QRSAM. The company maintains its guidance of over 27% EBITDA margin and 15% revenue growth for the full year.