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Informist, Tuesday, May 19, 2026

 

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--Bharat Electronics Jan-Mar net profit 22.03 bln 
--Analysts saw Bharat Electronics Jan-Mar net profit at INR 21.16 bln 
--Bharat Electronics Jan-Mar revenue INR 101.77 bln 
--Analysts saw Bharat Electronics Jan-Mar revenue at INR 98.70 bln 
--Bharat Electronics Jan-Mar net profit INR 22.03 bln vs INR 21.05 bln yr ago 
--Bharat Electronics Jan-Mar revenue INR 101.77 bln vs INR 91.20 bln yr ago 
--Bharat Electronics to pay INR 0.55 per share final dividend 
--Bharat Electronics order book INR 738.82 bln on Apr 1 
--Bharat Electronics: No material fincl impact in Q4 from conflicts in Israel 
--Bharat Electronics FY26 net profit INR 60.48 bln vs INR 52.88 bln yr ago 
--Bharat Electronics FY26 revenue INR 274.80 bln vs INR 236.58 bln yr ago

 

By Simran Rede

 

MUMBAI – Bharat Electronics Ltd.'s net profit for the March quarter grew at its slowest pace in 13 quarters with the company's expenses rising faster than its revenue. The growth in revenue slowed down to the low double digits after rising over 20% in the previous two quarters. The company, however, still beat analysts' expectations for both metrics.

 

The defence major reported a rise of nearly 5% on year in its net profit for the March quarter to INR 22.03 billion, beating the Street's estimate of INR 21.16 billion. This is the first time the public-sector undertaking has clocked single-digit growth in net profit after 12 quarters of robust growth.

 

The Navratna public-sector undertaking's revenue for the March quarter was up nearly 12% on year at INR 101.77 billion, against INR 91.20 billion for the year-ago quarter. The company's revenue has grown year on year for 16 quarters in a row, but the growth in the revenue for the March quarter was the slowest in three quarters. However, its sales for the reporting quarter were still higher than the Street's expectation of INR 98.70 billion.

 

The company said there is no material financial impact on it as of now from the ongoing conflicts involving Israel. "In view of the ongoing conflicts in Israel, the company has analysed the existing contracts/agreements with Companies based in Israel," it said.

 

As of Apr. 1, the company's order book stood at INR 738.82 billion. During the March quarter, the other income of Bharat Electronics fell over 44% on year to INR 1.08 billion, which limited the growth in the company's total income to just 10% on year to INR 102.85 billion.

 

During the quarter under review, the total expenses of the aerospace and defence electronics company rose more than 14% to INR 73.82 billion, against INR 64.66 billion a year ago. Cost of raw materials consumed rose nearly 8% on year to INR 47.70 billion, which accounted for almost 65% of the total expenses.

 

The company's other expenses were INR 11.14 billion, over 36% higher than the cost incurred in the corresponding quarter a year ago. Other expenses made up over 15% of the company's total expenses. The company spent INR 8.26 billion towards employee costs, up 9% on year, and INR 1.65 billion on depreciation and amortisation, up 27% on year.
 

For the financial year ended Mar. 31, the net profit of the defence company rose over 14% to INR 60.48 billion. Its revenue for the period rose 16% to INR 274.80 billion. Tuesday, shares of Bharat Electronics closed at INR 422.95 on the National Stock Exchange, down 0.9% from Monday.  End

 

Edited by Rajeev Pai

 

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