BEL's Q1 FY 2025-26 Quarter Results
- 29 Jul 2025
Result Summary
- BEL reported a 47.6% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 3.5%.
- Its expenses for the quarter were down by 48.1% QoQ and 2.4% YoY.
- The net profit decreased 46.1% QoQ and increased 22.5% YoY.
- The earnings per share (EPS) of BEL stood at 1.3 during Q1 FY 2025-26.
Financial Statments for Q1 FY 2025-26
| (₹ crores) | Q1FY26 | Q4FY25 | Q1FY25 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 4603.06 | 8789.51 | 4447.15 | -47.6% | 3.5% |
Total Expenses | 3323.70 | 6399.44 | 3404.23 | -48.1% | -2.4% |
Profit Before Tax | 1279.36 | 2390.07 | 1042.92 | -46.5% | 22.7% |
Tax | 318.69 | 604.41 | 261.93 | -47.3% | 21.7% |
Profit After Tax | 969.05 | 1796.67 | 791.28 | -46.1% | 22.5% |
Earnings Per Share | 1.30 | 2.50 | 1.10 | -48.0% | 18.2% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Bharat Electronics Limited (BEL) is a prominent Indian public sector enterprise primarily engaged in the design, manufacture, and supply of electronic products for the defense and aerospace sectors. BEL is recognized for its extensive range of products including radar systems, communication equipment, electronic warfare systems, and other strategic components pivotal to national security. While comprehensive details about recent developments are not available here, BEL is known for its continuous innovation and collaborations with armed forces and other organizations to enhance its offerings and technological capabilities.
Revenue
In Q1FY26, BEL reported a total income of ₹4603.06 crores, a notable decrease from the previous quarter (Q4FY25) where the total income was ₹8789.51 crores, reflecting a quarter-over-quarter (QoQ) decline of 47.6%. Comparatively, the total income in Q1FY25 was ₹4447.15 crores, indicating a year-over-year (YoY) increase of 3.5%. This performance suggests a relatively stable YoY growth amidst a significant QoQ decline in revenue, highlighting the fluctuations typical in the defense procurement cycle or seasonality in project execution.
Profitability
For Q1FY26, BEL's profit before tax was ₹1279.36 crores, which is a reduction from ₹2390.07 crores in Q4FY25, marking a QoQ decrease of 46.5%. However, comparing it to Q1FY25's profit before tax of ₹1042.92 crores, there is a YoY increase of 22.7%. Similarly, the profit after tax for Q1FY26 was ₹969.05 crores, down from ₹1796.67 crores in the preceding quarter, a decline of 46.1% QoQ. Yet, compared to ₹791.28 crores in Q1FY25, there is a YoY increase of 22.5%. The earnings per share (EPS) in Q1FY26 was ₹1.30, down from ₹2.50 in Q4FY25, representing a 48% QoQ decrease, but up from ₹1.10 in Q1FY25, a YoY increase of 18.2%.
Operating Metrics
BEL's total expenses in Q1FY26 amounted to ₹3323.70 crores, which is significantly lower than the expenses in Q4FY25 of ₹6399.44 crores, showing a QoQ decrease of 48.1%. When compared to Q1FY25, where the expenses were ₹3404.23 crores, there is a YoY decrease of 2.4%. The tax expense for Q1FY26 was ₹318.69 crores, a decrease from ₹604.41 crores in Q4FY25, marking a 47.3% QoQ reduction, while it increased by 21.7% from ₹261.93 crores in Q1FY25. These metrics reflect the financial shifts within the company's operation, characterized by the substantial decrease in expenses QoQ and a modest increase in tax expenses YoY.
This financial report provides a detailed reflection of BEL's performance over the specified quarters, offering insights into its revenue generation, profitability, and operational expenses based on the given data.