BEL Q3FY26 Earnings Results Out: Net Profit Rises 20%

Bharat Electronics Limited (BEL) delivered a strong financial performance in the third quarter of FY26, supported by healthy execution, rising defence demand and stable operating margins. The defence public sector undertaking reported a consolidated net profit of ₹1,579 crore for the October–December quarter, marking a 20.4% increase compared with ₹1,311 crore in the same period last year.

The company’s performance reflects sustained momentum across key defence and electronics segments, backed by steady order inflows and execution during the quarter.

Revenue Rises 24% On Strong Execution

BEL’s revenue from operations grew sharply by 24% year-on-year to ₹7,154 crore in Q3FY26, up from ₹5,771 crore in the corresponding quarter of the previous financial year. The growth highlights improved project execution and continued demand for defence electronics and related systems.

For the nine months ended December 2025, BEL reported cumulative revenue from operations of ₹17,302.46 crore, compared with ₹14,538.30 crore recorded during the same period last year, indicating consistent growth through the financial year so far.

Operating Performance And Margins Improve

Operational performance remained stable during the quarter. BEL’s earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 27.3% year-on-year to ₹2,127 crore, compared with ₹1,670 crore in Q3FY25.

The operating profit margin also improved on an annual basis, expanding to 29.7% from 28.9% last year. The margin expansion reflects better cost control, operating leverage and efficient execution of higher-value orders.

Robust Order Book Provides Revenue Visibility

BEL continues to maintain a strong order pipeline. As of January 1, 2026, the company’s order book stood at ₹73,015 crore, providing long-term revenue visibility. The healthy order backlog positions the company well to sustain growth over the coming quarters, particularly amid rising domestic defence spending and indigenisation initiatives.

BEL Share Price Reaction

Following the announcement of Q3FY26 earnings, BEL shares traded higher on the National Stock Exchange. The stock was trading at ₹441.05, up 6.03%, reflecting positive investor sentiment towards the company’s earnings performance and outlook.

Read more: India Post, Stock Holding Services Tie Up to Expand Capital Market Services Nationwide.

Conclusion

Bharat Electronics delivered a solid Q3FY26 performance, marked by strong profit growth, robust revenue expansion and improving margins. A healthy order book and steady execution continue to support the company’s growth prospects, while the latest quarterly results underline BEL’s position as a key beneficiary of India’s defence spending cycle.

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