BEL bags additional orders worth ₹843 crore; here are the key details

“Major orders include RF seekers, vessel and air traffic management systems, electro-optic repair facilities, radar upgrades, spares, services, etc.,” the company said in an exchange filing.

With this current order, BEL’s total accumulated order received in the ongoing financial year stands at ₹14,567 crore.

Last week, on March 6, the PSU firm had secured orders worth ₹577 crore. The major orders included airborne electronic warfare products, advanced composite communication systems for submarines, Doppler weather radar, train communication systems, radar upgrades, spares, services, etc.

The company’s overall order book stood at ₹71,100 crore on January 1, 2025. The company had earlier guided for nearly ₹25,000 crore worth of order inflow in FY25, out of which the company has just received orders worth ₹13,724 crore. 

Shares of the BEL surged over 2% during the intraday trade on Monday after it announced an interim dividend of ₹1.50 per share for FY25.

The state-run company has fixed Tuesday, March 11, as its record date, and the dividend will be paid within 30 days of declaration.

Global brokerage firm Jefferies also increased its outlook for the firm, according to news reports.

Bharat Electronics shares, however, settled at ₹272.29 on the National Stock Exchange, declining 1.7%. Its market capitalisation stood at ₹1.99 lakh crore.

The scrip had touched its 52-week low of ₹179.1 on March 15, 2024.

BEL had posted a 47.33% increase in its standalone net profit to ₹1,316.06 crore in the three-month period ended December 2024. In the year-ago period, the post-tax profit was at ₹893.30 crore.

Standalone revenue from operations rose 39.14% to ₹5,756.12 crore in the reporting quarter, compared to ₹4,136.69 crore in the same period last fiscal.

The PSU firm had achieved a turnover of ₹5,643.25 crore, reflecting a growth of 36.97% in Q3 FY24 over the turnover of ₹4,120.10 crore posted in the corresponding period of the previous year.