Results for the second quarter of FY 2025–2026: Bharat Electronics Ltd. reported a 17.85% YoY increase in Q2 earnings at ₹1,286 crore. Revenue reached ₹5,763.65 crore, a 25.75% increase. Analysts warn of cautious buying and minimal institutional interest, implying a possible pullback, despite rising share prices.
Results for the second quarter of 2025 were released by Bharat Electronics Ltd. (BEL) on Friday. The company recorded a 17.85% year-over-year (YoY) increase in standalone profit after tax (PAT) to ₹1,286 crore, up from ₹1,091.27 crore in the same time last year.In Q2FY26, operating revenue increased 25.75% year over year (YoY) to ₹5,763.65 crore from ₹4,583.41 crore.
At the operational level, EBITDA grew 22% from ₹1,388 crore to ₹1,695.6 crore in the September quarter, but the EBITDA margin decreased to 29.42% from 30.30%, YoY.
As of October 1, 2025, BEL had 74,453 crore in its order book.
The company's report states that the PAT for the first half of FY 2025–2026 was ₹2,255.26 crore, while the same period the previous year had PAT of Rs. 1867.41 crore. BEL recorded operating revenue of ₹10,180.48 crore in the first half of FY 2025–2026, which was an increase from ₹8,782.18 crore in the same period the year before.
At the operational level, EBITDA grew 22% from ₹1,388 crore to ₹1,695.6 crore in the September quarter, but the EBITDA margin decreased to 29.42% from 30.30%, YoY.
As of October 1, 2025, BEL had 74,453 crore in its order book.
The company's report states that the PAT for the first half of FY 2025–2026 was ₹2,255.26 crore, while the same period the previous year had PAT of Rs. 1867.41 crore. BEL recorded operating revenue of ₹10,180.48 crore in the first half of FY 2025–2026, which was an increase from ₹8,782.18 crore in the same period the year before.
Following Q2 2025 results, the price of BEL shares increased by more than 3%. On the BSE, the stock reached an intraday high of ₹423.60 per share and an intraday low of ₹408.30 per share.
The BEL share price is trying to make a second breakout over the ₹420 mark, although the move is not very strong, according to Anshul Jain, Head of Research at Lakshmishree. Both the initial breakout and the present reattempt are taking place on rather low volumes, and the base creation did not exhibit any notable institutional participation.
The lack of robust buying activity indicates that institutional interest is lacking and bulls are still cautious. The breakthrough is likely to fail unless there is a clear rise above ₹420 accompanied by a significant volume increase. This could result in profit booking or a reversal toward immediate supports.
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