BEL FY26 Net Profit Rises 14% to ₹6,048.48 Crore
Bharat Electronics reported a 14.38% increase in FY26 net profit to ₹6,048.48 crore, with revenue growing 16.15% to ₹27,479.63 crore. Q4 standalone PAT was ₹2,203.16 crore, while consolidated net profit was 22.5B rupees. The Board recommended a final dividend of ₹0.55 per share.
*this image is generated using AI for illustrative purposes only.
Bharat Electronics reported its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The company recorded a revenue from operations of ₹27,479.63 crore for the financial year 2025-26, representing a growth of 16.15% compared to the previous year's ₹23,658.01 crore. For the fourth quarter of FY26, revenue stood at ₹10,177.17 crore against ₹9,119.71 crore in the corresponding period of the previous year.
Financial Performance
Profit Before Tax (PBT) for FY26 increased by 13.89% to ₹8,075.04 crore from ₹7,089.99 crore in the previous year. In the fourth quarter, PBT rose to ₹2,903.82 crore from ₹2,847.62 crore in the same quarter last year. Profit After Tax (PAT) for the full year grew by 14.38% to ₹6,048.48 crore, up from ₹5,288.25 crore in the previous year. On a consolidated basis, Q4 net profit came in at 22.5B rupees compared to 21.3B rupees in the same quarter of the previous year.
The following table summarizes the key financial metrics for the full year and fourth quarter:
| Metric: | FY 2025-26 | FY 2024-25 | Growth (%) |
|---|---|---|---|
| Revenue from Operations: | ₹27,479.63 crore | ₹23,658.01 crore | 16.15% |
| Profit Before Tax: | ₹8,075.04 crore | ₹7,089.99 crore | 13.89% |
| Profit After Tax: | ₹6,048.48 crore | ₹5,288.25 crore | 14.38% |
| Q4 Revenue: | ₹10,177.17 crore | ₹9,119.71 crore | 11.60% |
| Q4 PAT (Standalone): | ₹2,203.16 crore | ₹2,104.78 crore | 4.67% |
| Q4 Net Profit (Consolidated): | 22.5B Rupees | 21.3B Rupees | — |
Q4 EBITDA Performance
On an operational profitability basis, the company's Q4 EBITDA rose to 29.8B rupees compared to 28.2B rupees in the same quarter of the previous year. However, the Q4 EBITDA margin contracted to 29.2% from 30.78% on a year-on-year basis.
| Metric: | Q4 FY26 | Q4 FY25 |
|---|---|---|
| EBITDA: | 29.8B Rupees | 28.2B Rupees |
| EBITDA Margin: | 29.2% | 30.78% |
Dividend Declaration
The Board of Directors has recommended a final dividend of ₹0.55 per equity share of ₹1 each fully paid-up for the financial year 2025-26, subject to approval by the shareholders at the ensuing Annual General Meeting. The company had previously paid an interim dividend of ₹1.95 per equity share in March 2026.
Operational Highlights
The order book position of the company as on April 1, 2026, stood at ₹73,882 crore. The audited financial results were reviewed by the Audit Committee on May 18, 2026, and approved by the Board on May 19, 2026.
Historical Stock Returns for Bharat Electronics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.72% | -1.83% | -8.12% | -0.61% | +15.56% | +704.29% |
With an order book of ₹73,882 crore as of April 2026, what is BEL's expected order inflow target for FY27 and which defense segments are likely to drive the next wave of contract wins?
Given the EBITDA margin contraction from 30.78% to 29.2% in Q4, what cost pressures or product mix changes could further impact profitability in FY27?
How might India's increasing defense export ambitions and the government's push for indigenization under 'Aatmanirbhar Bharat' translate into incremental revenue opportunities for BEL beyond its current order book?
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