BEL Q3 Results: Net profit rises 21% YoY to Rs 1,580 crore, revenue grows 24%

State-owned defence electronics major Bharat Electronics Ltd (BEL) on Wednesday reported a decent set of numbers for the December quarter. The company's consolidated net profit rose to Rs 1,580 crore, compared with Rs 1,312 crore in the same period last year. This translates into a year-on-year (YoY) growth of 21%.

Revenue from operations for the quarter rose 24% YoY to Rs 7,154 crore.

Sequentially, profit was higher than Rs 1,287 crore reported in the September quarter. Compared with the previous quarter, revenue also rose from Rs 5,946 crore.


Including other income of Rs 139 crore, BEL's total income for the quarter came in at Rs 7,292 crore, compared with Rs 5,957 crore in the year-ago period.

On the cost side, total expenses for the quarter rose to Rs 5,164 crore, from Rs 4,218 crore in the December 2024 quarter. The increase was largely in line with higher revenue and execution volumes.

Employee benefit expenses increased to Rs 820 crore, compared with Rs 672 crore a year ago, while other expenses stood at Rs 1,355 crore, up from Rs 1,109 crore last year.

Profit before tax for the quarter came in at Rs 2,128 crore, compared with Rs 1,744 crore in the same quarter last year, marking a growth of about 22%. The company's tax expense stood at Rs 558 crore, lower than Rs 561 crore in the year-ago period, aided by deferred tax adjustments.

For the nine months ended December 2025, BEL reported a consolidated net profit of Rs 3,836 crore, compared with Rs 3,196 crore in the corresponding period last year, reflecting a growth of 20%. Revenue from operations for the nine-month period rose to Rs 17,386 crore, from Rs 14,619 crore a year earlier, an increase of 19%.

The company's performance continues to be supported by a healthy order book and strong demand from the defence sector. BEL has been one of the key beneficiaries of India's push for indigenisation in defence manufacturing, with sustained inflows of orders.

On Wednesday, BEL shares were trading over 6% higher at Rs 443.6 on NSE.