Bharat Electronics Reports Strong Q2 FY26 Earnings Results with Revenue and Profit Growth

Bharat Electronics Limited (BEL), a key player in India's defence sector, has announced impressive financial results for Q2 FY26. With a notable increase in both revenue and profit, the company continues to perform well amidst a robust order book and strategic growth initiatives.

Bharat Electronics Q2 FY26 Earnings Results

BEL’s consolidated revenue from operations for Q2 FY26 stood at ₹5,79,209 lakh, marking a significant growth of 30.5% from ₹4,43,974 lakh in Q1 FY26. Year-on-year (YoY), the company saw a 25.8% increase compared to ₹4,60,490 lakh in Q2 FY25. This growth is a testament to the company’s strong execution capabilities and rising demand in the defence sector.

Profit after tax (PAT) for Q2 FY26 was ₹1,28,716 lakh, reflecting a 32.8% quarter-on-quarter (QoQ) growth compared to ₹96,905 lakh in the previous quarter. YoY, PAT rose by 17.8%, from ₹1,09,278 lakh in Q2 FY25. The strong earnings performance highlights the operational efficiency of BEL despite higher raw material costs and other operational expenses.

Expenses and Margins

While BEL’s revenue surged, the company faced higher material consumption costs, which amounted to ₹3,01,420 lakh in Q2 FY26. However, this increase was offset by a solid rise in revenue. 

BEL’s EBIT margin stood at approximately 29.1% in Q2 FY26, up from 27.8% in the previous quarter. The net profit margin was stable at 21.6%, down slightly from 21.8% in Q1 FY26, indicating stable profitability despite cost pressures.

Order Book and Future Outlook

BEL’s order book as of October 1, 2025, stood at an impressive ₹74,453 crore. This strong backlog positions the company for sustained growth in the upcoming quarters, with substantial defence and aerospace orders continuing to drive its business forward.

Read More: BEL Share Price in Focus After Securing Fresh Defence Orders Worth ₹732 Crore!

Half-Yearly Performance

For the half-year ended September 30, 2025 (H1 FY26), BEL recorded a revenue of ₹10,23,183 lakh, up by 15.7% from ₹8,84,847 lakh in H1 FY25. PAT for the first half stood at ₹2,25,621 lakh, showing a robust 19.7% increase compared to ₹1,88,608 lakh in the same period last year.

Bharat Electronics Share Price Performance

On October 31, 2025, Bharat Electronics share price opened at ₹413.80 on NSE, above the previous close of ₹409.90. During the day, it surged to ₹426.30 and dipped to ₹408.15. The stock is trading at ₹424.65 as of 2:32 PM. The stock registered a significant gain of 3.60%.

Over the past week, it has moved up by 2.29%, over the past month, it has moved up by 4.46%, and over the past 3 months, it has moved up by 11.10%.

Conclusion

Bharat Electronics Limited has posted stellar Q2 FY26 results, demonstrating strong revenue and profit growth. With a solid order book and a focus on expanding its capabilities in defence, the company remains well-positioned for continued growth in the coming quarters.

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