Bharat Electronics Q1 Results: Profit Up 23%, Beats Estimates

Bharat Electronics Ltd. reported a 23% surge in net profit to Rs 969.91 crore in the April-June quarter, compared to Rs 791 crore in the corresponding period last year, according to the financial results released on Monday.

The bottom line significantly beat the Bloomberg analysts' consensus estimate of Rs 906 crore.

BEL Q1 FY26 Highlights (Consolidated, YoY)

• Revenue up 4.6% at Rs 4,439.74 crore versus Rs 4,243.57 crore (Estimate: Rs 4,794 crore).

• Ebitda up 31% at Rs 1,238.27 crore versus Rs 948.2 crore (Estimate: Rs 1,119 crore).

• Margin at 27.9% versus 22.3% (Estimate: 23.3%).

• Net profit up 23% at Rs 969.91 crore versus Rs 791 crore (Estimate: Rs 906 crore).

Shares of BEL closed 1.51% lower at Rs 389.25 apiece on the National Stock Exchange before the announcement, compared to a 0.63% fall in the benchmark Nifty. The stock has risen 21.13% in the last 12 months and 32.78% on a year-to-date basis.

Out of the 29 analysts tracking the company, 24 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 targets implies a potential upside of 6.9%.

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