State-owned Bharat Electronics Ltd. (BEL) has announced that a meeting of its Board of Directors is scheduled on Feb. 27 to consider the declaration of an interim dividend for FY 2025-26.
"Pursuant to Regulation 29 of the SEBI (LODR) Regulations, 2015, we wish to inform that a meeting of the Board of Directors of the company is scheduled to be held on Friday, February 27, 2026 to consider, inter alia, declaration of interim dividend for the financial year 2025-26," BEL said in an exchange filing dated Feb. 18.
BEL is a Navratna PSU under the Ministry of Defence. It designs and manufactures electronic products for the Army, Navy, and Air Force.
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Bharat Electronics Q3 Results
The company had declared its Q3FY26 results on Jan. 28.
The company's consolidated total income rose 22.4% year-on-year (YoY) to Rs 7,292.39 crore in Q3FY26 from Rs 5,957.07 crore in Q3FY25. Total expenses grew 22.6% YoY to Rs 5,164.08 crore in Q3FY26 from Rs 4,213.45 crore in the same period in the previous financial year.
Net profit increased 20.44% YoY to Rs 1,579.7 crore in Q3FY26 from Rs 1,311.6 crore in the year-ago quarter.
Recently, Motilal Oswal included BEL among its top picks for capital goods stocks in the defence sector due to a strong order book and long-term growth visibility.
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With an order book valued at Rs 73,000 crore and consistent order inflows, Bharat Electronics is seen as a key beneficiary of large-scale modernisation programmes in the Army, Navy and Air Force. In its report, Motilal Oswal outlined that a broad and expanding market is expected to support revenue growth of more than 15% annually in the years ahead.
The company has also weathered semiconductor shortages and volatility in commodity prices through effective supply-chain planning, while rising levels of indigenisation have further boosted profitability.
Looking ahead, a strong pipeline, including QRSAM, Akash-NG, next-generation corvettes and base-related programmes, supports the management's outlook. The defence PSU's revenues and profit after tax are projected to grow at a CAGR of 18% and 16%, respectively, between FY25 and FY28, according to Motilal Oswal.
Shares of BEL were trading 1.07% higher at Rs 439.70 apiece on the NSE at 11 a.m. on Wednesday, compared to a 0.75% gain in the benchmark Nifty50 at 25,615.50.
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