Bharat Electronics (BEL) Q1 Results: Zero-Debt Defence PSU Earns Profit Of Rs 967 Crore; Upbeat Or Not?

Bharat Electronics (BEL), the mega defence company, reported a consolidated net profit of Rs 969.91 crore in the quarter ending June 2025. Q1FY26 PAT climbed by 22.61% on a year-on-year basis but declined by 53.3% on a quarter-on-quarter basis. Despite the mixed performance, BEL's profitability was better than street expectations.

The defence giant had posted a net profit of Rs 791 crore in Q1FY25 and Rs 2,127.04 crore in Q4FY26.

On the top-line front, BEL's consolidated revenue from operations stood at Rs 4,439.74 crore in Q1FY26, higher than Rs 4,243.57 crore in Q1FY25, but declined from Rs 9,149.59 crore in Q4FY25.

BEL Standalone Q1 Results:

BEL's standalone profitability was also better than expected. In the quarter under review, the company registered a net profit of Rs 969.13 crore, also higher from PAT of Rs 776.14 crore in Q1FY25, but down from Rs 2,104.78 crore in Q4FY25.

Standalone revenue from operations came in at Rs 4,416.83 crore in Q1FY26, versus Rs 4,198.77 crore in Q1FY25. In the preceding quarter, revenue stood at Rs 9,119.71 crore.

BEL Share Price:

On July 28, BEL stock broadly recorded bearish trend due to selloffs in broader markets. BEL stock price is at Rs 390.80 apiece, down by 1.11% on BSE with market cap of Rs 2,85,666.16 crore.

YTD, BEL shares are higher by 33% as of now.

BEL Stock Corporate Actions:

BEL has a strong record of delivering bonus issues and dividends, while it has turned ex-split only once so far.

Bonus Issues: BEL has rewarded investors with 3 bonuses so far. The first bonus issue was of 2:1 in September 2015, followed by a 1:10 bonus issue in September 2017. The latest bonus issue was of 2:1, and its ex-date was in September 2022.

Stock Split: BEL shares have split in the ratio of 1:10 during March 2017. The face value of Rs 10 each was trimmed to Re 1 each.

Dividends: Since August 2003, BEL has given 50 dividends so far, as per Trendlyne data. In the past 12 months, the company paid about Rs 2.30 dividend per share. Its current dividend yield is around 0.6%.

Bharat Electronics Limited is a Navratna PSU (under the Ministry of Defence, Government of India) established in the year 1954. BEL is engaged in the business of Defence Electronics empowering the Nation's Defence Forces and in other chosen areas of Professional Electronics.