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Bharat Electronics posts Q4 FY26 growth, investors watch margins and profitability

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Bharat Electronics posts Q4 FY26 growth, investors watch margins and profitability
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Athira Sethu

Kochi, 21 May 2026

Shares of Bharat Electronics Limited declined sharply after the company reported fourth-quarter earnings for FY2026 that failed to meet investor expectations, particularly on the profitability front. Despite recording growth in revenue and net profit, weaker operating margins and a softer-than-expected profit after tax weighed on market sentiment. The defence PSU continues to maintain a strong order pipeline, but investors reacted cautiously as margin pressure overshadowed operational growth.

Stock PerformanceDetails
Intraday Fall-4.77%
Intraday Low₹407
Trading Price at 12:11 PM₹410.65
Weekly Performance-4%
Monthly Performance-10%
Year-to-Date Performance+3%
52-Week High₹473.45 (March 6, 2026)
52-Week Low₹340.80 (May 15, 2025)

BEL Q4 FY26 Financial Snapshot

MetricQ4 FY26Q4 FY25YoY Change
Net Profit₹2,225.22 crore₹2,127.04 crore+4.61%
Revenue from Operations₹10,224.43 crore₹9,149.59 crore+11.74%
EBITDA₹2,982 crore₹2,816 crore+6%
EBITDA Margin29.1%30.7%-1.6 percentage points

Operational Highlights

IndicatorDetails
Order Book Value₹73,882 crore
SectorDefence Electronics
Company StatusNavratna PSU
Investor ConcernProfitability missed analyst estimates
Key Pressure PointMargin contraction despite revenue growth

Dividend Announcement

Dividend DetailInformation
Final Dividend Declared₹0.55 per equity share
Face Value of Share₹1
Financial YearFY2025-26
Approval RequirementSubject to shareholder approval at AGM

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