Latest news with #BharatElectronicsLimited
Mint
3 days ago
- Business
- Mint
BEL Q1 net profit at ₹969.13 rises 25% year on year: revenue rises 5.2%
Q1 Results: BEL net profit for the quarter ending June 2025 at ₹ 969.13 rises 25% year-on-year compared to ₹ 776.14 crore in the year-ago quarter During the quarter ending June 2025, the Bharat Electronics net profit at ₹ 969.13 crore marked a strong 24.86% increase over the ₹ 776.14 crore reported by the company during the year-ago quarter. The reported revenues from operations at ₹ 4416.83 were up 5.2% year-on-year compared to ₹ 4198.77 crore in the year-ago quarter. The reported bottom line was boosted by better operating performance, with profit before exceptional items and tax at ₹ 1289.24 crore, also jumped 24.28% compared to ₹ 1037.34 crore. The investor confidence has remained strong on Bharat Electronics and street had been anticipating good jump in earnings The order book position of the company as of 1st July, 2025, stood at Rs. 74,859 Crore Bharat Electronics thereafter in July also had been registering strong order inflows. Bharat Electronics Limited (BEL), a Navratna Defence Public Sector Undertaking, on 25 July signed a contract with the Ministry of Defence worth Rs. 1640 crore (excluding taxes) to deliver Air Defence Fire Control Radars to the Indian Army. DRDO-designed and BEL-manufactured radars effectively defend against aviation threats during the day and night, regardless of weather. Radars with ECM capabilities are used to monitor, track, and control air defense guns for efficient neutralization. The system is designed to be modular and easy to deploy, operate, and maintain. Bharat Electronics, in addition to a large order from the Indian army, had announced that it has secured additional orders worth Rs. 563 Crore since the last disclosure on 30th June 2025. Major orders received include National Maritime Domain Awareness, Inertial Navigation System for guns, Communication equipment, Active Antenna Array unit, Satcom Interception System, Seekers, Target Acquisition System, jammers, spares, services, etc. BEL share price that had dipped to intraday lows of ₹ 383.10 on Monday with the pressure on the stock markets, however, bounced back post Q1 results to close at ₹ 389.35 on a day when sensex ended with a decline of 0.7%
Business Upturn
6 days ago
- Business
- Business Upturn
RITES secures order worth Rs 177.225 crore from Bharat Electronics
RITES Limited has announced the receipt of a Letter of Intent (LoI) from Bharat Electronics Limited (BEL) for a major infrastructure project in Andhra Pradesh. As per the regulatory filing dated July 25, the contract involves design, project management consultancy (PMC) services, and construction of a mass manufacturing facility for BEL's EM Strategic Business Unit (SBU) at Palasamudram, Andhra Pradesh. The project, awarded on a cost-plus basis, is valued at approximately ₹177.225 crore (excluding GST) and includes the PMC fee. The timeline for completion is set at 24 months from the date of agreement. This new order further strengthens RITES' footprint in defence and industrial infrastructure development. Notably, the contract is a domestic order and does not involve any related party transactions. The partnership reflects growing collaboration between public sector enterprises in delivering high-end manufacturing infrastructure tailored to India's strategic sectors. About RITES: RITES Ltd. is a leading government-owned engineering consultancy company that serves the transport, infrastructure, and related sectors in India and abroad. About BEL: Bharat Electronics Limited is a Navratna PSU under the Ministry of Defence, focused on manufacturing advanced electronics for the Indian Armed Forces and other sectors. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Time of India
6 days ago
- Business
- Time of India
Defence ministry inks Rs 2,000 crore contract to procure fire control radars for Army
The defence ministry has signed a Rs 2,000 crore contract with Bharat Electronics Limited (BEL) to procure air defence fire control radars for the Indian Army. These indigenously designed radars, with at least 70% local content, can detect various airborne threats like fighter aircraft, helicopters, and drones. This procurement will modernize air defence and boost the Army's operational readiness. Tired of too many ads? Remove Ads The defence ministry on Friday sealed a Rs 2,000 crore contract with Bharat Electronics Limited BEL ) for the procurement of air defence fire control radars for the Indian Army The fire control radars will be able to detect all forms of air-borne threats, including fighter aircraft, attack helicopters and enemy drones, the ministry said the approximately Rs 2,000 crore procurement will be implemented under the framework of 'Indian-indigenously designed, developed and manufactured category'."With minimum 70 per cent indigenous content, these fire control radars will be able to detect all forms of air-borne threats, including fighter aircraft, attack helicopters and enemy drones," the ministry said."This would mark a significant milestone in the modernisation of the air defence regiments and enhance the Indian Army's operational readiness, while contributing to the economic growth of the nation," the ministry said in a statement.
Business Upturn
6 days ago
- Business
- Business Upturn
Bharat Electronics secures Rs 1,640 crore contract to supply Air Defence Fire Control Radars to Indian Army
Bharat Electronics Limited (BEL), a Navratna Defence PSU, has signed a contract worth ₹1,640 crore (excluding taxes) with the Ministry of Defence. The agreement is for the supply of state-of-the-art Air Defence Fire Control Radars to the Indian Army. These advanced radars, designed by DRDO and manufactured by BEL, are fully indigenous and equipped to detect and track aerial threats both day and night, in all weather conditions. The systems feature built-in Electronic Counter Measures (ECM) capabilities and are capable of performing surveillance, target acquisition, tracking, and fire control for air defence guns. Modular in design, the radar systems are easy to deploy, operate, and maintain—making them a critical addition to India's defence infrastructure. This deal further strengthens BEL's position as a key player in India's self-reliance push in defence technology under the 'Make in India' initiative. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Economic Times
6 days ago
- Business
- Economic Times
BEL shares in focus after securing additional defence orders worth Rs 563 crore
Shares of Bharat Electronics Limited (BEL) are likely to be in focus on Friday after the Navratna defence PSU announced fresh orders worth Rs 563 crore, secured since its last disclosure on June 30, 2025. ADVERTISEMENT The new orders span a range of critical defence equipment and systems, including the national maritime domain awareness system, inertial navigation systems for guns, and advanced communication equipment. Other components of the order include active antenna array units, satcom interception systems, seekers, target acquisition systems, jammers, spares, and related services. Also Read: Is the IPO market the new gold? 2025 listings outshine Nifty with 4X returns In June, BEL bagged defence orders worth over Rs 3,000 crore, including major contracts worth Rs 2,323 crore from Mazagon Dock Shipbuilders (MDL) and Garden Reach Shipbuilders & Engineers (GRSE). These deals involve the supply of base and depot spares for missile systems deployed on Indian naval vessels — crucial for sustaining operational June 6, BEL entered into a strategic partnership with Tata Electronics to jointly explore opportunities in semiconductors and advanced electronics. The collaboration will focus on chip design, OSAT (Outsourced Semiconductor Assembly and Test), and fabrication, aligning with India's vision for self-reliance in critical technologies. ADVERTISEMENT Bharat Electronics reported an 18.4% year-on-year (YoY) increase in net profit to Rs 2,127 crore for the fourth quarter, up from Rs 1,797 crore in from operations rose 6.8% YoY to Rs 9,149.6 crore, compared to Rs 8,564 crore in the same period last year. On the operating front, EBITDA jumped 23.2% YoY to Rs 2,816 crore, from Rs 2,286 crore. ADVERTISEMENT The EBITDA margin improved significantly to 30.8%, up from 26.7% in the year-ago quarter. ADVERTISEMENT As per Trendlyne, the average target price for BEL is Rs 416, implying an upside of around 4% from current levels. Among the 24 analysts tracking the stock, the consensus rating is 'Buy'. So far in 2025, BEL shares have surged nearly 35% and delivered a strong return of 216% over the past two years. The company's current market capitalisation stands at approximately Rs 2,91,038 crore. (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
