Market Performance
Shares of Bharat Electronics Ltd (BEL), a major player in India's defence sector, witnessed a marginal rise, reaching Rs 274 during morning trade on March 11. This move follows the company's recent acquisition of an order worth Rs 843 crore. Despite this, BEL's stock has declined by over 13 per cent in the past three months and remains 18 per cent lower than its recent peak of Rs 340.50.
Order Acquisition and Business Update
BEL has secured new orders amounting to Rs 843 crore, contributing to its total order inflows of Rs 14,567 crore for 2024-25. The latest contracts cover various defence and communication technologies, including:
- RF seekers
- Radar upgrades
- Vessel and air traffic management systems
- Electro-optic repair facilities
- Spares and services
This follows a previous order of Rs 577 crore secured on March 6, which included contracts for airborne electronic warfare systems, submarine communication solutions, Doppler weather radar, and train communication systems.
Financial Performance
Q3 Financial Highlights:
- Revenue: Rs 5,756 crore (39% growth YoY)
- EBITDA: Rs 1,653 crore (57.5% growth YoY)
- EBITDA Margins: 28.7%, expanding by 330 basis points from 25.4% in the previous year
- Net Profit: Rs 1,316 crore (47.3% increase YoY)
Summary
Bharat Electronics Ltd has continued its order-winning streak, securing significant contracts in defence and communication technologies. The company's total order inflows for the fiscal year have reached Rs 14,567 crore, reflecting strong business momentum. Despite recent stock price fluctuations, BEL remains a key player in India's defence manufacturing sector.
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