India · Delayed Price · Currency is INR Bharat Electronics Earnings Call Transcripts
Fiscal Year 2026
-
Revenue grew 19% year-over-year to INR 17,302 crore up to Q3 FY26, with profit after tax up 21% and EBITDA margin at 30%. Management maintains FY26 guidance for 15%+ revenue growth, 27% EBITDA margin, and INR 27,000+ crore order inflow, supported by a strong pipeline and robust order book.
-
Revenue and profit grew strongly in H1 FY26, with EBITDA margin rising to 30.15%. Order book remains robust at INR 75,600 crore, and guidance for FY26 includes 15%+ revenue growth, 27%+ EBITDA margin, and INR 27,000 crore order inflow (excluding QRSAM).
-
Q1 FY2026 saw revenue rise 5.2% and profit after tax jump 24.9% year-over-year, with EBITDA margin at 29.9%. Order book reached INR 74,859 crore, and guidance for FY2026 includes 15%+ revenue growth, 27%+ EBITDA margin, and INR 1,600+ crore R&D investment.
Fiscal Year 2025
-
FY25 saw 16% revenue growth, 32% profit before tax growth, and a record order book of INR 71,650 crore. FY26 guidance targets 15% revenue growth, 27% EBITDA margin, and over INR 27,000 crore in new orders, with major projects like QRSAM and Kusha in the pipeline.
-
Turnover and profit saw strong double-digit growth in the first nine months of FY25, with EBITDA margin rising to 28.07%. Order inflow guidance is maintained at INR 25,000 crore, with large pipeline orders expected in FY26. Non-defense revenue share is targeted to increase.
-
Q2 FY25 saw 15.83% revenue growth and 40%+ profit growth, with strong margins and a robust INR 74,595 crore order book. Management reaffirmed FY25 guidance for 15% revenue growth, 23-25% EBITDA margin, and INR 25,000 crore order inflow, with a healthy five-year outlook.
-
Q1 FY25 saw 19% revenue growth and 46% PAT growth year-over-year, with strong margins and a robust order book of INR 76,705 crore. FY25 guidance is maintained at 15% revenue growth, 23%-25% EBITDA margin, and INR 25,000 crore order inflow, with significant new and repeat orders expected.