{"id":172033,"date":"2025-11-03T03:08:08","date_gmt":"2025-11-03T08:08:08","guid":{"rendered":"https:\/\/44.250.171.167\/?p=172033"},"modified":"2025-11-03T03:08:08","modified_gmt":"2025-11-03T08:08:08","slug":"bharat-electronics-q2-fy26-earnings-results","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/bharat-electronics-q2-fy26-earnings-results\/","title":{"rendered":"Bharat Electronics Q2 FY26 Earnings Results"},"content":{"rendered":"<p>Bharat Electronics Ltd (BEL), a major supplier of electronic systems to India\u2019s defence sector, reported strong growth for Q2 FY26, driven by execution of its healthy order book.<\/p>\n<h2><strong>Financial Highlights<\/strong><\/h2>\n<ul>\n<li>Revenues grew 25.78% year on year to \u20b95,792 crore versus \u20b94,605 crore in Q2 FY25.<\/li>\n<li>Total expenses rose 27.16% to \u20b94,218 crore from \u20b93,317 crore, mainly on higher material and employee costs.<\/li>\n<li>Consolidated net <a href=\"https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachHis\/fe1b8538-f118-418e-b787-169fc9cb2db2.pdf\" target=\"_blank\" rel=\"noopener\">profit<\/a> increased 17.75% to \u20b91,287 crore from \u20b91,093 crore.<\/li>\n<li>Earnings per share (EPS) rose 18.12% to \u20b91.76 from \u20b91.49.<\/li>\n<li>EBITDA rose 21.58% to \u20b91,702 crore, with margin coming in at 29.38% (vs 30.4% last year).<\/li>\n<li>Order book stood at \u20b974,453 crore as of October 1, 2025.<\/li>\n<\/ul>\n<h2><strong>Performance Drivers and Outlook<\/strong><\/h2>\n<ul>\n<li>The quarter saw excellent revenue execution driven by key defence contracts and project deliveries.<\/li>\n<li>Operating margins remained healthy despite a slight contraction from last year, due mainly to the product mix and cost increases.<\/li>\n<li>BEL continues to benefit from a robust project pipeline, new defence electronics programs, and the government\u2019s thrust on indigenization.<\/li>\n<li>The company\u2019s transformation towards next-generation and high-margin defence platforms is expected to further strengthen its growth outlook.<\/li>\n<\/ul>\n<h2><strong>Market Response<\/strong><\/h2>\n<p>BEL shares gained over 4% post-results as the company beat analyst estimates on both profits and revenues, with strong positive commentary on future order inflows.<\/p>\n<p>BEL\u2019s Q2 FY26 results underscore its market leadership in Indian defence electronics, with sustained profit and revenue momentum backed by a strong order book and sector tailwinds.<\/p>\n<p>Explore the company\u2019s past earnings and latest concall transcripts, <a href=\"https:\/\/44.250.171.167\/symbol\/bel\/\">click here<\/a> to visit the AlphaStreet India News Channel.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-172034\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/BE.png\" alt=\"Q2 FY26\" width=\"1489\" height=\"1817\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/BE.png 1489w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/BE-246x300.png 246w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/BE-839x1024.png 839w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/BE-768x937.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/BE-1259x1536.png 1259w\" sizes=\"auto, (max-width: 1489px) 100vw, 1489px\" \/><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bharat Electronics Ltd (BEL), a major supplier of electronic systems to India\u2019s defence sector, reported strong growth for Q2 FY26, driven by execution of its healthy order book. Financial Highlights Revenues grew 25.78% year on year to \u20b95,792 crore versus \u20b94,605 crore in Q2 FY25. Total expenses rose 27.16% to \u20b94,218 crore from \u20b93,317 crore, [&hellip;]<\/p>\n","protected":false},"author":1932,"featured_media":172034,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,392],"tags":[14449],"class_list":["post-172033","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-earnings","tag-electronic-systems"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/BE.png","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":172976,"url":"https:\/\/alphastreet.com\/india\/apollo-micro-systems-q2-fy26-earnings-results\/","url_meta":{"origin":172033,"position":0},"title":"Apollo Micro Systems Q2 FY26 Earnings Results","author":"Divyansh_Kasana","date":"December 10, 2025","format":false,"excerpt":"Apollo Micro Systems Ltd, a pioneer in the design, development, assembly, and testing of electronic and electromechanical solutions, reported a stellar performance in Q2FY26. Financial Highlights: Revenues increased 39.75% year-on-year to \u20b9225 crore from \u20b9161 crore. Total expenses rose 30.22% to \u20b9181 crore from \u20b9139 crore. 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Financial Highlights: Revenues surged 110.46% year-on-year to \u20b91,147 crore from \u20b9545 crore. Total expenses rose 110.75% to \u20b9980 crore from \u20b9465 crore. Consolidated net\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Q2 FY26","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/b-4.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/b-4.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/b-4.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/b-4.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/b-4.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/b-4.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":170836,"url":"https:\/\/alphastreet.com\/india\/bharat-electronics-q1-fy26-earnings-results\/","url_meta":{"origin":172033,"position":2},"title":"Bharat Electronics Q1 FY26 Earnings Results","author":"Divyansh_Kasana","date":"September 2, 2025","format":false,"excerpt":"Bharat Electronics Ltd, incorporated in 1954, is a manufacturer and supplier of electronic equipment and systems primarily for the defense sector, with a limited presence in the civilian market. Presenting below its Q1 FY26 Earnings Results. Q1 FY26 Earnings Results Revenue: \u20b94,440 crore, up 4.62% year-on-year (YoY) from \u20b94,244 crore\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"BEL Q1 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/BEL.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/BEL.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/BEL.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/BEL.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/BEL.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/BEL.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":172508,"url":"https:\/\/alphastreet.com\/india\/data-patterns-q2-fy26-earnings-results\/","url_meta":{"origin":172033,"position":3},"title":"Data Patterns Q2 FY26 Earnings Results","author":"Divyansh_Kasana","date":"November 19, 2025","format":false,"excerpt":"Data Patterns (India) Limited, a leading defence and aerospace electronics solutions provider engaged in the in-house development and manufacturing of innovative products for space, air, land, and sea platforms, reported significant gains for Q2FY26. Financial Highlights: Revenues soared 237.36% year-on-year to \u20b9307 crore from \u20b991 crore. Total expenses increased 292.06%\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Q2 FY26","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/D-1.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/D-1.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/D-1.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/D-1.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/D-1.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/D-1.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":180583,"url":"https:\/\/alphastreet.com\/india\/astra-microwave-reports-steady-q3-revenue-and-margin-expansion-order-book-at-%e2%82%b92566-crore\/","url_meta":{"origin":172033,"position":4},"title":"Astra Microwave reports steady Q3 revenue and margin expansion; order book at \u20b92,566 crore","author":"Staff Correspondent","date":"February 13, 2026","format":false,"excerpt":"Astra Microwave Products Limited (BSE: 532493 \/ NSE: ASTRAMICRO) reported stable revenue growth and improved operating margins in the quarter ended December 31, 2025, supported by favourable revenue mix and execution across defence and aerospace programmes. On a consolidated basis, revenue from operations stood at \u20b9260 crore in Q3 FY26,\u2026","rel":"","context":"In &quot;Technology&quot;","block_context":{"text":"Technology","link":"https:\/\/alphastreet.com\/india\/category\/technology-stocks\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":169462,"url":"https:\/\/alphastreet.com\/india\/bharat-electronics-ltd-q1-fy26-earnings-results-revenue-up-4-6-net-profit-soars-23-yoy\/","url_meta":{"origin":172033,"position":5},"title":"Bharat Electronics Ltd Q1 FY26 Earnings Results \u2013 Revenue Up 4.6%, Net Profit Soars 23% YoY","author":"Divyansh_Kasana","date":"July 28, 2025","format":false,"excerpt":"Bharat Electronics Limited (BEL), incorporated in 1954, is a premier manufacturer and supplier of advanced electronic equipment and systems mainly serving the defence sector. The company also maintains a niche presence in the civilian electronics market, contributing to India\u2019s strategic and technological capabilities. Q1 FY26 Earnings Summary (Apr\u2013Jun 2025) Revenue:\u00a0\u20b94,440\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/I-14.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/I-14.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/I-14.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/I-14.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/I-14.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/I-14.png?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/172033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1932"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=172033"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/172033\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/172034"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=172033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=172033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=172033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}