Bharat Electronics share price rises over 1% after securing orders worth ₹634 crore

In the early trade, the stock was up 1.17% to ₹318.3 per share on the National Stock Exchange (NSE).

In an exchange filing, BEL said, "Navratna Defence Public Sector Undertaking, Bharat Electronics Limited (BEL), has secured additional orders worth ₹634 crore since the last disclosure on 8th November, 2024."

The major orders include telescopic sights for guns, maintenance of the Akash Missile System, electronic voting machines (EVMs), communication equipment, test stations, jammers, spares, and services.

With these orders, BEL has orders worth ₹8,828 crore in the financial year 2024-25 (FY25).

Last month, Bharat Electronics received orders valued at more than ₹500 crore for laser range finders, vessel communication and support systems, communication equipment, and gun test equipment.

On October 7, it received orders worth more than ₹500 crore for EMI shelters, upgrade/spares for gun systems, AMC for Integrated Air Command and Control system nodes, and spares for radars and communication systems.

BEL Q2 results

The state-owned company had posted a 34.4% growth in its standalone profit after tax (PAT) to ₹1,091.27 crore in the latest September quarter. In the year-ago period, the net profit stood at ₹812.34 crore.

Revenue from operations surged 15% to ₹4,583.41 crore in the second quarter of FY25, compared to ₹3,993.32 crore a year back.

Earnings before interest, tax, depreciation, and amortisation (EBITDA) increased 38.3% year-on-year (YoY) to ₹1,388.5 crore. EBITA margin surged over 500 basis points (bps) YoY to 30.3%.

Total expenses increased 6.7% to ₹3,299.36 crore in Q2 FY25, compared to ₹3,090.89 crore in the second quarter of FY24.

The profit before tax (PBT) jumped 35.2% to ₹1,450.88 crore in the quarter ended September 2024 compared to ₹1,072.94 crore in the corresponding period last fiscal.