BEL’s revenue from operations stood at ₹4,416.83 crore in Q1 FY26, up 5.19% from the same period last year.
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MURALI KUMAR K
Defence PSU Bharat Electronics Ltd (BEL) says it has a strong order pipeline over the next 3–4 years. In the post-result analyst call, BEL CMD Manoj Jain said the pipeline includes orders across missile programmes, electronic systems for ships and submarines and Air Force radars. The company expects to receive orders worth ₹40,000–₹50,000 crore over this period.
On the exports front, Jain says the company has consistently recorded year-on-year (y-o-y) growth of nearly 20 per cent. Jain added exports continue to be a strong growth engine for the company, and while overall revenue is projected to grow at around 15 per cent, export revenues are expected to grow upwards of 20 per cent. “Over a period of time, the export share in overall turnover will steadily increase. We aim to reach around 10 per cent of our turnover from exports in the next five years,” he added.
Revenue from operations stood at ₹4,416.83 crore in Q1 FY26, up 5.19 per cent from the same period last year. While revenue growth was modest at 5 per cent, Jain noted that geopolitical tensions in regions like Israel and Iran disrupted the supply chain, causing a temporary slowdown. However, he expressed confidence that this impact would be compensated for in the upcoming quarter. Profit before tax (PBT) rose to ₹1,289.24 crore, compared to ₹1,037.34 crore in Q1 FY25.
As of July 1, 2025, BEL’s order book stood at ₹74,859 crore. Jain said pending orders include over 1,000 programmes, totalling approximately ₹35,000–₹40,000 crore.
BEL’s employee base is currently slightly under 9,000. Jain said that the company expects to cross 9,600 this year and reach around 10,000 employees by next year. “Almost 70 per cent of our new recruitment is focused on R&D because we need stronger capabilities to work on next-generation technologies like AI, ML and quantum,” he said.
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Published on July 31, 2025
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