BEL clocks 5 pc jump in Q4 net profit, board recommends final dividend
Mumbai, May 19
Bharat Electronics Limited on Tuesday reported a 4.61 per cent increase in its consolidated net profit for the March quarter of FY26, driven by higher revenue from operations and steady operational performance.
The state-run defence equipment manufacturer posted a consolidated net profit of Rs 2,225.22 crore in the fourth quarter, compared to Rs 2,127.04 crore in the corresponding period last financial year (Q4 FY25), according to its stock exchange filing.
Revenue from operations during the quarter under review rose 11.74 per cent year-on-year to Rs 10,224.43 crore, against Rs 9,149.59 crore recorded in the same quarter of the previous financial year.
BEL's earnings before interest, taxes, depreciation and amortisation (EBITDA), also known as operating profit, increased 6 per cent to Rs 2,982 crore in Q4 FY26 from Rs 2,816 crore a year ago.
However, the company's operating profit margin contracted to 29.1 per cent from 30.7 per cent on an annual basis, as per its exchange filing.
The company's board of directors recommended a final dividend of Rs 0.55 per fully paid-up equity share of face value Rs 1 each for the financial year 2025-26, subject to approval by shareholders at the upcoming Annual General Meeting (AGM).
For the full financial year FY26, BEL reported revenue from operations of Rs 27,479.63 crore, registering a growth of 16.15 per cent over Rs 23,658.01 crore in FY25.
The company's profit after tax (PAT) for FY26 stood at Rs 6,048.48 crore, marking a 14.38 per cent increase compared to Rs 5,288.25 crore reported in the previous financial year.
BEL said its order book stood at Rs 73,882 crore as of April 1, 2026, as per its filing.
Earlier this month, BEL signed a tripartite Memorandum of Understanding with Metamind Systems Private Ltd and Kristellar Aerospace Private Ltd for cooperation and co-development of future-ready technologies and products for both defence and non-defence sectors.
According to the company, the agreement aims to combine the complementary strengths of the three firms in technological innovation and business facilitation.
— IANS
Reader Comments
BEL is a true Make in India success story! 🚀 With an order book of Rs 73,882 crore, the future looks promising. The MoU with Metamind and Kristellar for future-ready tech is exactly what we need. Proud of our public sector!
Revenue up 11.74% in Q4 but profit margin dropped from 30.7% to 29.1% 🤔 That's a bit worrying. I hope rising input costs or operational inefficiencies aren't taking a toll. Still, overall performance is solid. Kudos to the BEL team!
As a long-term investor in defence stocks, this is reassuring. BEL consistently delivers. But why is the dividend only Rs 0.55? With such a huge order book, they could share more with shareholders. Still, holding on to my shares! 📈
It's great that BEL is collaborating with startups like Metamind and Kristellar. This is how innovation happens - PSUs + startups working together. More such MoUs will help India achieve self-reliance in defence tech. Jai Hind! 🇮🇳
Impressive top-line growth at 16.15% for the full year. BEL seems well-positioned with its order backlog. The defence sector in India is booming. Let's see if they can maintain margins while scaling up. Smart move diversifying into non-defence sectors too.
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