The share price of this Defence PSU company which is in the business of manufacturing and supplying electronic equipment and systems to the sector of defence.was in focus after reports on additional orders received worth Rs. 531 crore.
Share Price Movement
In Tuesday’s trading session, BEL‘s share price was down by 3.8 percent to the day’s low of Rs. 252.85. The stock reiterated from the day’s low and closed at Rs. 258.00 per share and was down around 1.88 percent from the previous close of Rs. 262.90 per share. In the past year, the stock has given around 35.41 percent returns.
What Happened
The company’s stock was in focus after they released a filing on receiving additional orders worth Rs. 531 crore since its last disclosure on 13th January 2025. The major order includes an advanced composite communication system for ships, medical electronics, communication equipment, active radar homing heads for missiles, electro-optics, spares, classroom jammers, and services. With these orders, BEL has now received orders worth Rs. 10,893 Crores in the current financial year.
Financials
In its latest filing for the quarter ending September 2024, the company announced a 14.86 percent rise in revenue, reaching Rs.4,604.9 crore compared to Rs.4,009.06 crore in Q2 FY24. During the same period, net profit increased by 38.37 percent to Rs.1,092.8 crore in Q2 FY25, compared to Rs.789.71 crore in Q2 FY24.
The order book as of 1st October stood at Rs. 74,595 crore. The EBITDA margin expanded from 25.2 percent in Q2FY24 to 30.3 percent in Q2FY25.
Company Profile
Bharat Electronics Ltd (BEL) was established in 1954. It is a Navratna public sector undertaking in India. The company specializes in manufacturing advanced electronic products for defense and aerospace applications. They provide a wide range of systems, including communication, radar, and electronic warfare solutions, serving both domestic and international markets.
Written by – Santhosh S
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