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Bharat Electronics reported another steady quarter, with revenue growth staying strong as India’s defence spending boom continues to fuel order inflows for the PSU giant.
By the numbers:
- Net profit rose 5% YoY to ₹2,203 crore
- Revenue jumped 12% YoY to ₹10,177 crore
- FY26 profit climbed 14% to ₹6,048 crore
- FY26 revenue grew 16% to ₹27,479 crore
- Total order book stood at a massive ₹73,882 crore as of April 2026
The big thing here is the order book.
Breaking it down: BEL already has nearly ₹74,000 crore worth of confirmed defence orders lined up, which gives the company strong revenue visibility for the coming years. And that matters because defence manufacturing projects usually run over long timelines and provide stable cash flows.
The company also clarified that the ongoing Israel conflict has not materially impacted its business for now, which investors were closely watching because Israel remains one of India’s biggest defence technology partners.
Zoom out: India’s defence manufacturing ecosystem is expanding rapidly as the government pushes harder on local production and import substitution. Defence production already crossed ₹1.27 lakh crore recently, while the government wants domestic defence manufacturing to touch ₹3 lakh crore by 2029.
And companies like BEL are sitting right at the centre of that spending cycle.
