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Bharat Electronics Q3 Results Review - Motilal Oswal Retains 'Buy' On The Stock, Sees 29% Upside — Here's Why

Motilal Oswal expect BEL’s revenue to post a 19% CAGR over FY24-27 driven by improved market share on account of enhanced wallet share as well as improved indigenized offerings.

<div class="paragraphs"><p> Bharat Electronics Ltd.’s Q3 FY25 results came ahead of our estimates on all parameters.</p><p></p><p>Representational (Source: Bharat Electronics website)</p></div>
Bharat Electronics Ltd.’s Q3 FY25 results came ahead of our estimates on all parameters.

Representational (Source: Bharat Electronics website)

Bharat Electronics expects large order inflows from QRSAM, MRSAM, next-generation corvettes, the defense electronics portion from P75 and P75I, and even Kavach-related orders to materialize in the coming years starting from FY26.
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