Bharat Electronics Limited — Investor Meet, 22-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

**Financial Performance:**

BEL delivered strong FY26 results: Revenue at INR27,480 Cr (+16% YoY), PBT INR8,075 Cr (+14%), and PAT INR6,048 Cr (+14%). EBITDA margins improved to 30%.

**Order Book & Outlook:**

The order book stands robust at INR73,882 Cr. FY26 saw INR30,045 Cr in new orders. Key upcoming wins include QRSAM (expected by June-end) and subcomponents for major programs like NGC & P-75I submarines. Management projects FY27 revenue growth >15% and order inflow >INR55,000 Cr.

**Strategic Focus & Investor Angle:**

Indigenization remains a core driver for healthy margins (>80% local content). BEL is investing heavily in new technologies like quantum computing and drone tech, with >INR100 Cr already deployed and more planned. The outlook for sustained double-digit growth over the next 5 years is highly optimistic, supported by targeted R&D (INR2,200 Cr) and capex (>INR1,200 Cr) for FY27. #BELIndia #DefenceSector #GrowthStory