Bharat Electronics shares rise on winning new orders; total order book surges to ₹18,415 crore

Bharat Electronics informed exchanges that received major orders including radar spares, radar upgradation, electronic voting machines, simulators, advanced land navigation system and stabilizer for tanks, fire control system for ship-based decoys, communication equipment, other spares and services.

The total size of the order is worth ₹1,385 crore.

With these orders Bharat Electronics has accumulated orders worth ₹18,415 crore in the current financial year, the company said in a stock exchange filing.

This order comes days after the company received an order from the Indian Air Force on March 12 for supply of Ashwini Radars. that order was worth ₹2,463 crore.

Bharat Electronics shares have so far this year advanced 4.32% outperforming the NIFTY50 index which has declined 0.22% year-to-date (YTD).

In quarter ended December 2024, Bharat Electronics reported net profit of ₹1,316 crore, marking an increase of 47% from ₹893 crore in the same period last year. Its revenue from operations advanced 39% to ₹5,756 crore at the end of third quarter as against ₹4,136.69 crore in the year-ago period.

Earlier this month, Bharat Electronics announced that interim dividend of ₹1.50 per share was paid on Thursday, March 27.

Bharat Electronics shares ended 0.23% higher at ₹301.33.