Bharat Electronics Q4 results: Net profit rises 5% YoY, board recommends final dividend for FY26

Bharat Electronics Limited (BEL) reported a consolidated net profit of ₹2,225 crore on Tuesday, May 19, for the fourth quarter of the financial year 2025-26 (Q4 FY26), marking an increase of 5% from ₹2,127 crore in the same period last year.

The company's revenue from operations grew 12% to ₹10,224 crore in the January-March quarter as compared to ₹9,150 crore in the corresponding quarter of the previous fiscal year.

The country's leading defence equipment maker reported stable operational performance in the March quarter, as its earnings before interest, taxes, depreciation and amortisation (EBITDA), also known as operating profit, advanced 6% to ₹2,982 crore as against ₹2,816 crore YoY.

BEL’s operating profit margin contracted to 29.1% from 30.7% annually.

Along with the earnings, the board of directors has also recommended a final dividend of ₹0.55 per fully paid-up equity share of ₹1 each for FY26, subject to shareholders’ approval at the ensuing Annual General Meeting (AGM).

FY26 saw BEL report revenue from operations of ₹27,479.63 crore, marking a growth of 16.15% over ₹23,658.01 crore recorded in the previous year. The firm reported a profit after tax (PAT) of ₹6,048.48 crore during the same period, registering a growth of 14.38% compared to ₹5,288.25 crore in FY25.

As of April 1, 2026, the Navratna defence PSU company’s order book stood at ₹73,882 crore.

In early May 2026, defence PSU BEL, Metamind Systems Private Ltd, and Kristellar Aerospace Private Ltd signed a tripartite MoU for co-operation and co-development of future-ready products and technologies for both defence and non-defence segments.

The MoU aims to leverage their complementary strengths in business facilitation and technological innovation, BEL said, in a statement.

BEL share price

On Tuesday, shares of Bharat Electronics settled at ₹422.95 apiece on the National Stock Exchange, falling 0.86%.

Over a month’s time, BEL stock has fallen 7%, while it has tumbled 3% in the last three months. From the beginning of the year, Bharat Electronics shares have gained 6.6%.

The company has a market capitalisation of ₹3.09 lakh crore.

Shares of the company had touched their one-year high of ₹473.45 apiece on March 6, 2026, while their 52-week low of ₹340.80 was hit on May 15, 2025.