BEL shares in focus after securing additional Rs 577-crore orders

“Navratna Defence Public Sector Undertaking, Bharat Electronics Limited (BEL), has secured additional orders worth Rs 577 crore since the last disclosure on 20 February 2025,” the company said in an exchange filing.

The new orders include airborne electronic warfare products, an advanced composite communication system for submarines, Doppler weather radar, train communication systems, radar upgrades, spares, and services.

With these deals, BEL’s total order inflow for FY25 has reached Rs 13,724 crore, the company added.

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BEL Q3 earnings

State-owned Bharat Electronics Ltd (BEL) reported a 47.3% growth in its profit after tax (PAT) for the third quarter ended December 2024 to Rs 1,316.06 crore compared to Rs 893.30 crore posted in the same quarter last year.The company’s consolidated revenue from operations in the December quarter stood at Rs 5,770.69 crore, a 38.6% increase compared to Rs 4,162.16 crore reported in the corresponding quarter of the previous financial year.For the nine-month period ending December 2024, BEL achieved a turnover of Rs 14,173.68 crore, surpassing the Rs 11,484.92 crore recorded in the same period last year.

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BEL shares target price

As per Trendlyne data, the average target price of the stock is Rs 336, which shows an upside of 23% from the current market prices. The consensus recommendation from 24 analysts for the stock is a ‘Buy’.

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BEL shares performance

On Thursday, BEL shares closed at Rs 272.8, down 0.7% on the BSE, while the benchmark Sensex surged 0.83%. The stock has declined 13% in the last three months but gained 182% in the last two years. The company’s market capitalization stands at Rs 1,99,410 crore.

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