BEL shares rally 10%, hit 52-week high as Q3 net profit rises 21% to Rs 1,580 crore

Shares of state-owned defence major Bharat Electronics Ltd (BEL) rallied as much as 10% to hit a fresh 52-week high of Rs 456.45 on the BSE on Wednesday after it 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, the company said in a regulatory filing.

Sequentially, the net profit came in higher than Rs 1,287 crore reported in the September quarter. Compared with the previous quarter, revenue from operations also witnessed an uptick, rising from Rs 5,946 crore, BEL added.


Including other income of Rs 139 crore, Bharat Electronics Ltd.’s total income for the quarter rose sharply to Rs 7,292 crore, compared with Rs 5,957 crore in the year-ago period. On the cost side, employee benefit expenses increased to Rs 820 crore from Rs 672 crore a year ago, while other expenses climbed to Rs 1,355 crore from Rs 1,109 crore in the same period last year.

Profit before tax for the quarter came in at Rs 2,128 crore, up from Rs 1,744 crore in the corresponding quarter last year, translating into a robust growth of about 22%. The company’s tax expense stood at Rs 558 crore, marginally 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, marking a healthy 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, registering an increase of 19% and underscoring the strength of demand across key defence segments.

The company’s performance continues to be underpinned by a strong and expanding order book and sustained demand from the defence sector. BEL remains one of the key beneficiaries of India’s push towards indigenisation in defence manufacturing.

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