Bharat Electronics Limited — Investor Meet, 29-01-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Bharat Electronics delivered strong Q3 FY26 results: revenue soared 19% to ₹17,302 Cr, PAT up 21% to ₹3,845 Cr, with EBITDA margin at 30%. The order book is robust at ₹73,450 Cr. Management projects FY26 revenue growth above 15% and EBITDA margin over 27%, confident in exceeding targets. Major orders like QRSAM, NGC (partial Q4 FY26), LCA, and Shatrughat are anticipated soon, ensuring a steady pipeline. R&D investment is up 20% YoY, alongside strategic diversification into Railways, Aviation, and secure Data Centers, targeting 10% non-defense business. The company maintains a positive outlook, emphasizing indigenization and growth.