BEL receives orders worth ₹695 crore; total order book thus far in FY25 stands at ₹5,920 crore

Bharat Electronics (BEL), a public sector aerospace and defence electronics company, announced on Thursday, August 22, that it has secured orders worth ₹695 crore.

Major orders comprise Combat Management System, Communication Equipment, Stabilised Optronic Pedestal, Upgrades, Spares, and Services, among others.

With these, BEL has now accumulated orders totalling ₹5,920 crore in the current financial year (FY25), the company said in its press release.

Shares of the company settled at ₹304.55, down 0.28% on the BSE.

The state-owned defence manufacturer logged a standalone net profit of ₹776 crore in the first quarter of fiscal year 2024–25 (Q1 FY25). The net profit reported by the company was 46.1% higher as compared to ₹531 crore registered in the year-ago period.

The central public sector undertaking (PSU) reported standalone revenue from operations of ₹4,199 crore in the June 2024 quarter, which was 19.6% higher as against ₹3,511 crore reported in the year-ago period.

Its earnings before interest, taxes, depreciation, and amortisation (EBITDA) came in at ₹937 crore during the quarter under review. This marked a jump of 41% from ₹665 crore in the June 2023 quarter.

BEL is one of sixteen PSUs under the administration of the Ministry of Defence of India.

According to an official statement, BEL, which is headquartered in Bengaluru, stated the project entails the supply and installation of an advanced, indigenously designed and developed Sighting and Fire Control System (FCS) for the upgrade of BMP 2/2K tanks of the Indian Army, along with a comprehensive engineering support package.

BEL share price history

Shares of the company have jumped 128% in the past 12 months and over 813% over the past five years. In comparison, the NIFTY50 index has gained 28% in one year and 129% in five years.