- Bharat Electronics Ltd received Rs 733 crore in new orders since its last update
- Orders include radar modules, communication gear, encryptors, radars, jammers, and services
- Q3FY26 net profit rose 20.44% YoY to Rs 1,579.7 crore; total income up 22.4% YoY
Bharat Electronics Ltd received additional orders of Rs 733 crore since its last disclosure, according to an exchange filing from the company on Wednesday.
The prominent orders it received during this period included transmit/receive modules used in radar systems, communication equipment, encryptors, radars, jammers, software solutions, test equipment, upgrades, spares and services.
BEL's stock, which was already trading in the green, gained renewed momentum after the order book details were announced. Shares were up by 0.85% at Rs 438.75 apiece on the NSE at 2:30 pm, minutes after the regulator was notified of the fresh deal wins.
The defence company had reported on Feb. 6 receiving Rs 581 crore worth of orders since Jan. 23, 2026, with a similar list of equipment, which included radar warning receivers, radars, tank sub systems, communication equipment, software solutions, spares, upgrades and services.
BEL will also be holding a board meeting on Feb. 27 to consider the declaration of an interim dividend for the fiscal 2026-27.
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The company had declared its financial results for the third quarter of financial year 2026 on Jan. 28.
The firm's consolidated net profit increased 20.44% YoY to Rs 1,579.7 crore in Q3FY26 from Rs 1,311.6 crore in the previous fiscal.
Its total income increased 22.4% year-on-year (YoY) to Rs 7,292.39 crore in the third quarter from Rs 5,957.07 crore in the year-ago period. Total expenses grew 22.6% YoY to Rs 5,164.08 crore from Rs 4,213.45 crore in the same period in the previous financial year.
Shares of BEL closed 0.97% higher at Rs 439.25 apiece on the NSE, compared to a 0.29% rise in the benchmark Nifty. The stock has risen 71.09% in the last 12 months.
Out of the 32 analysts tracking the company, 27 have a 'buy' rating on the stock, one recommends 'hold' and four suggest 'sell', according to Bloomberg data. The average of 12-month analysts' price target implies a potential upside of 12%.
ALSO READ: BEL Board Meeting On Feb. 27 To Consider Interim Dividend For FY 2025-26; Check Details
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