Rs 14,567 Crore in Orders! Defense Giant Secures Another Rs 843 Crore Contract
Boosting India's Defense Capabilities: Leading PSU Wins Fresh Orders for Radars, RF Seekers, and More!
Bharat Electronics Limited (BEL), a Navratna Defence Public Sector Undertaking, has received new orders worth Rs 843 crore. This announcement follows BEL’s previous disclosure on March 6, 2025, regarding its order inflows.
Details of Major Orders
The recent orders cover a variety of advanced defense and electronic systems, including RF seekers, vessel and air traffic management systems, electro-optic repair facilities, radar upgrades, spares, and services. These contracts further strengthen BEL’s position in the defense electronics sector.
Total Order Book and Financial Growth
With these latest orders, BEL’s total order inflow for the current financial year has reached Rs 14,567 crore. The company’s current order book stands at Rs 71,100 crore as of January 1, 2025.
BEL has also reported a strong financial performance in Q3 FY25. The company’s turnover grew by 23.41 per cent to Rs 14,174 crore, compared to Rs 11,485 crore in the previous year. Profit before tax increased by 43.86 per cent to Rs 4,242 crore, while profit after tax rose by 42.34 per cent to Rs 3,183 crore. Additionally, EBITDA margin improved to 28.07 per cent from 23.67 per cent, and earnings per share (EPS) climbed to Rs 4.36 from Rs 3.06.
Future Order Prospects
BEL has set a target of Rs 25,000 crore in order inflows for FY25, having already secured approximately Rs 11,000 crore so far. Key projects in the pipeline include the Ashwini Radar, Electronic Warfare systems for MI-17 helicopters, HimShakti Phase 4, and the QRSAM project. The QRSAM project alone is expected to bring orders worth Rs 25,000 crore to Rs 30,000 crore within the next six to eight months.
Additionally, BEL is expecting significant contracts for MRSAM and MFSTAR systems for next-generation corvettes, with an estimated value of Rs 14,000 crore to Rs 15,000 crore in the next fiscal year.
Non-Defense Business and Growth Plans
While BEL’s core business remains in defense, it is also focusing on expanding its non-defense revenue. Currently, non-defense contributes around 10 per cent of total revenue, with management aiming to increase this to 20-25 per cent over the next five years by focusing on cybersecurity, homeland security, and telecom projects.
Future Outlook
BEL expects to maintain its growth momentum, targeting over 15 per cent revenue growth for FY25. The company also aims to keep EBITDA margins between 23-25 per cent and sustain gross margins at 42-44 per cent.
With ongoing technological advancements and major upcoming projects, BEL remains well-positioned for further expansion in the defense and electronics sector.
Disclaimer: The article is for informational purposes only and not investment advice.