Earnings Review
Bharat Electronics Jul--Sept PAT jumps 18% YoY; beats view
This story was originally published at 14:41 IST on 31 October 2025
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--Bharat Electronics Jul-Sept net profit INR 12.86 bln
--Analysts saw Bharat Electronics Jul-Sept net profit at INR 11.16 bln
--Bharat Electronics Jul-Sept net profit INR 12.86 bln vs INR 10.91 bln
--Bharat Electronics Jul-Sept revenue INR 57.64 bln
--Analysts saw Bharat Electronics Jul-Sept revenue at INR 53.13 bln
--Bharat Electronics Jul-Sept revenue INR 57.64 bln vs INR 45.83 bln yr ago
--Bharat Electronics Apr-Sept PAT INR 22.55 bln vs INR 18.67 bln yr ago
--Bharat Electronics Apr-Sept revenue INR 101.80 bln vs INR 87.82 bln year ago
--Bharat Electronics order book INR 744.53 bln as on Oct 1
--Bharat Electronics shares recover; Q2 net profit, revenue beat estimates
--Bharat Electronics shrs rise, at INR 417.15, up 1.8% vs down 0.1?rlier
By Sunil Raghu
MUMBAI - Bharat Electronics Ltd. reported a rise of nearly 18% on year in its net profit for the September quarter at INR 12.86 billion, beating the Street's estimate of INR 11.16 billion. This is the 11th quarter in a row where the public-sector undertaking has clocked double-digit year-on-year growth in net profit. It is also the 12th quarter of on year growth in net profit for the company. The Navratna defence public-sector undertaking's net profit a year ago was INR 10.91 billion.
The company's revenue for the September quarter was up nearly 26% on year at INR 57.64 billion, against INR 45.83 billion a year ago. The company has clocked year-on-year growth in revenue for 14 quarters now. For the September quarter its sales were higher than the Street's expectation of a 16% rise on year to INR 53.13 billion.
During the September quarter, the other income of Bharat Electronics fell nearly 4.6% on year to INR 1.6 billion, but the higher growth in income from operations saw the total income rise nearly 25% on year to INR 59.2 billion.
As of Sept. 30, the Navratna company's order book stood at INR 744.53 billion.
During the quarter under review, the total expenses of the aerospace and defence electronics company rose nearly 27% to INR 41.88 billion, against INR 32.99 billion a year ago. Cost of materials consumed rose nearly 24% on year to INR 29.92 billion and consumption of stock-in-trade jumped nearly 22% to INR 1.04 billion.
The company's employee costs increased over 17% on year to INR 7.61 billion and the finance cost went up 25% on year to INR 16.50 million. Depreciation and amortisation expenses increased nearly 15% on year to INR 1.18 billion. Other expenses rose nearly 19% on year to INR 4.79 billion.
For the first six months of 2025-26 (Apr-Mar), the company's net profit stood at INR 22.55 billion, compared to INR 18.67 billion a year ago. The revenue for Apr-Sept stood at INR 101.80 billion compared with INR 87.82 billion a year ago.
The shares of the company recovered to rise to INR 417.15, up 1.8% compared to 0.1% down earlier soon after the company announced its September quarter earnings. At 1354 IST, shares of Bharat Electronics traded at nearly 3% higher at INR 421.25 on the National Stock Exchange.
End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Vandana Hingorani
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