Bharat Electronics quarterly results

Q2 FY27 · Jul–Sep 2026

₹ crore	Q2 FY27	Q2 FY26	Change
Revenue	7,328	5,792	+26.5%
EBITDA	2,041	1,702	+19.9%
EBITDA margin	27.9%	29.4%	−1.5 pts
Profit before tax	2,054	1,728	+18.9%
Net profit	1,540	1,287	+19.7%
EPS	₹2.11	₹1.76	+19.9%

Every quarter

₹ crore except per share

Tap a line for its trend	Q2 FY27Sep 2026	Q1 FY27Jun 2026	Q4 FY26Mar 2026	Q3 FY26Dec 2025	Q2 FY26Sep 2025	Q1 FY26Jun 2025	Q4 FY25Mar 2025	Q3 FY25Dec 2024	Q2 FY25Sep 2024	Q1 FY25Jun 2024	Q4 FY24Mar 2024	Q3 FY24Dec 2023	Earlier quartersAlpha Plus

Expenses
	7,328	5,547	10,224	7,154	5,792	4,440	9,150	5,771	4,605	4,244	8,564	4,162	Earlier quartersEvery year the company has filed comes with Alpha Plus.
	187	170	110	139	154	163	195	186	158	204	225	167
	7,515	5,717	10,335	7,292	5,946	4,603	9,344	5,957	4,763	4,447	8,790	4,330
	3,444	3,041	4,794	4,113	3,014	1,961	4,429	3,176	2,416	2,557	4,564	2,188
	287	280	379	167	104	99.2	174	104	85.3	66.9	178	176
	248	−300	121	−455	−279	16.1	145	−299	−360	−308	−331	−232
	767	793	831	820	768	696	766	672	656	667	637	625
	2.6	1.2	1.6	2.0	1.7	1.4	5.9	1.3	1.3	1.2	4.1	0.5
	171	161	173	135	126	121	138	111	111	108	119	107
	541	345	1,117	382	484	429	819	448	407	314	1,229	333
	5,461	4,320	7,417	5,164	4,218	3,324	6,477	4,213	3,317	3,404	6,399	3,198
	2,041	1,388	2,982	2,127	1,702	1,238	2,816	1,669	1,400	948	2,287	1,073
	1,870	1,228	2,809	1,992	1,576	1,117	2,678	1,559	1,289	841	2,169	965
Profit
	2,054	1,396	2,917	2,128	1,728	1,279	2,867	1,744	1,445	1,043	2,390	1,132
	2,054	1,396	2,917	2,128	1,728	1,279	2,867	1,744	1,445	1,043	2,390	1,132
	558	374	726	567	418	353	619	480	383	285	668	284
	−35.5	−22.1	−22.8	−9.3	31.4	−34.2	127	−38.0	−21.6	−23.2	−63.7	0.0
	523	352	703	558	450	319	746	442	361	262	604	284
	9.0	10.6	12.2	9.5	8.7	8.4	6.0	10.3	8.9	10.3	11.0	12.1
	1,540	1,055	2,226	1,580	1,287	969	2,127	1,312	1,093	791	1,797	860
	1,531	1,044	2,214	1,570	1,278	961	2,121	1,301	1,084	781	1,786	848
	103	−25.3	−7.1	49.7	−25.2	18.3	−73.5	45.5	−17.1	52.3	−86.6	−36.4
	1,644	1,029	2,219	1,629	1,262	987	2,053	1,357	1,076	844	1,710	824
	1,540	1,054	2,225	1,579	1,288	970	2,127	1,311	1,092	—	1,797	860
	0.2	0.2	1.1	0.6	−0.6	−0.9	−0.0	0.7	0.3	—	−0.4	0.7
Per share
	₹2.11	₹1.44	₹3.04	₹2.16	₹1.76	₹1.33	₹2.91	₹1.79	₹1.50	₹1.08	₹2.46	₹1.17
	₹2.11	₹1.44	₹3.04	₹2.16	₹1.76	₹1.33	₹2.91	₹1.79	₹1.50	₹1.08	₹2.46	₹1.17
Other comprehensive income — detail
	103	−25.3	−7.1	49.7	−25.2	18.3	−73.5	—	—	—	—	—
	138	−33.9	−10.4	67.3	−33.6	24.5	−98.3	60.9	−22.8	69.8	−116	−48.7
	0.0	−8.5	−3.3	17.6	0.0	6.2	−24.8	—	—	—	—	—
	—	—	—	—	—	—	—	15.3	−5.7	17.6	−29.0	−12.3
	34.7	0.0	0.0	0.0	−8.5	0.0	—	—	—	—	—	—
	1,644	1,029	2,218	1,629	1,263	988	2,054	1,356	1,075	843	1,710	823
	0.2	0.2	1.1	0.6	−0.6	−0.9	−0.0	0.7	0.3	0.3	−0.4	0.7
Per share — as-filed variants
	₹2.11	₹1.44	₹3.04	₹2.16	₹1.76	₹1.33	₹2.91	₹1.79	₹1.50	₹1.08	₹2.46	₹1.17
	₹2.11	₹1.44	₹3.04	₹2.16	₹1.76	₹1.33	₹2.91	₹1.79	₹1.50	₹1.08	₹2.46	₹1.17
Derived — gross profit (revenue − materials − purchases − Δ inventories)
	3,348	2,526	4,930	3,329	2,954	2,364	4,401	2,789	2,463	1,928	4,153	2,031
	45.7%	45.5%	48.2%	46.5%	51.0%	53.2%	48.1%	48.3%	53.5%	45.4%	48.5%	48.8%
Adjusted (ex-exceptional items) — derived
	2,054	1,396	2,917	2,128	1,728	1,279	2,867	1,744	1,445	1,043	2,390	1,132
	1,540	1,055	2,226	1,580	1,287	969	2,127	1,312	1,093	791	1,797	860
	₹2.11	₹1.44	₹3.04	₹2.16	₹1.76	₹1.33	₹2.91	₹1.79	₹1.50	₹1.08	₹2.46	₹1.17

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

BEL₹370.00

Bharat Electronics Ltd.

· Capital Goods & Defence

Annual Quarterly₹ CrorePeersHAL BDL DATAPATTNS CGPOWER ABB CUMMINSIND ENRIN SIEMENSMcap ₹2.70L Cr

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In ₹ Crore except Per Share 3 Months Ending	Q3 FY24 31/12/2023	Q4 FY24 31/03/2024	Q1 FY25 30/06/2024	Q2 FY25 30/09/2024	Q3 FY25 31/12/2024	Q4 FY25 31/03/2025	Q1 FY26 30/06/2025	Q2 FY26 30/09/2025	Q3 FY26 31/12/2025	Q4 FY26 31/03/2026	Q1 FY27 30/06/2026	Q2 FY27 30/09/2026
Revenue from Operations	4,162.2	8,564.1	4,243.6	4,604.9	5,770.7	9,149.6	4,439.7	5,792.1	7,153.9	10,224.4	5,547.0	7,327.7
Other Income	167.4	225.4	203.6	157.8	186.4	194.6	163.3	153.9	138.5	110.3	169.6	187.1
Total Income	4,329.6	8,789.5	4,447.2	4,762.7	5,957.1	9,344.2	4,603.1	5,946.0	7,292.4	10,334.7	5,716.5	7,514.9
Expenses
+ Cost of Materials Consumed	2,187.7	4,564.0	2,556.5	2,416.1	3,176.4	4,429.1	1,960.8	3,014.2	4,112.7	4,793.9	3,041.2	3,444.5
+ Purchases of Stock-in-Trade	176.1	178.0	66.9	85.3	103.8	174.5	99.2	103.7	166.9	378.7	279.8	286.7
+ Changes in Inventories	-232.2	-331.1	-308.3	-359.5	-298.9	145.3	16.1	-279.4	-455.1	121.5	-300.1	248.2
+ Employee Benefit Expense	625.0	637.4	666.6	656.0	672.0	766.1	696.5	767.8	819.9	831.4	792.8	766.6
+ Finance Costs	0.5	4.1	1.2	1.3	1.3	5.9	1.4	1.7	2.0	1.6	1.2	2.6
+ Depreciation & Amortisation	107.5	118.5	107.7	111.2	110.9	137.6	120.8	126.5	135.4	173.0	160.6	171.3
+ Other Expenses	333.1	1,228.6	313.7	407.1	447.9	818.5	428.9	483.6	382.2	1,117.3	344.8	540.9
Total Expenses	3,197.6	6,399.4	3,404.2	3,317.5	4,213.5	6,477.0	3,323.7	4,218.1	5,164.1	7,417.3	4,320.3	5,460.7
EBITDA	1,072.5	2,287.2	948.2	1,400.0	1,669.5	2,816.1	1,238.3	1,702.2	2,127.2	2,981.7	1,388.4	2,040.9
EBIT	965.0	2,168.7	840.5	1,288.8	1,558.6	2,678.5	1,117.5	1,575.7	1,991.8	2,808.7	1,227.9	1,869.6
Profit
PBT before Exceptional Items	1,132.0	2,390.1	1,042.9	1,445.2	1,743.6	2,867.3	1,279.4	1,728.0	2,128.3	2,917.3	1,396.3	2,054.1
Pretax Income	1,132.0	2,390.1	1,042.9	1,445.2	1,743.6	2,867.3	1,279.4	1,728.0	2,128.3	2,917.3	1,396.3	2,054.1
+ Current Tax	283.8	668.1	285.2	383.0	480.4	619.2	352.9	418.1	567.4	726.0	374.5	558.3
+ Deferred Tax	0.0	-63.7	-23.2	-21.6	-38.0	127.0	-34.2	31.4	-9.3	-22.8	-22.1	-35.5
Tax Expense	283.8	604.4	261.9	361.3	442.4	746.3	318.7	449.5	558.1	703.2	352.4	522.8
+ Share of Associates & JVs	12.1	11.0	10.3	8.9	10.3	6.0	8.4	8.7	9.5	12.2	10.6	9.0
Net Income	860.3	1,796.7	791.3	1,092.8	1,311.6	2,127.0	969.1	1,287.2	1,579.7	2,226.4	1,054.5	1,540.4
+ Net Income — Continuing Ops	848.1	1,785.7	781.0	1,083.9	1,301.3	2,121.0	960.7	1,278.4	1,570.2	2,214.2	1,043.9	1,531.3
+ Other Comprehensive Income	-36.4	-86.6	52.3	-17.1	45.5	-73.5	18.3	-25.2	49.7	-7.1	-25.3	103.4
Total Comprehensive Income	823.8	1,710.1	843.5	1,075.7	1,357.1	2,053.5	987.4	1,262.0	1,629.4	2,219.2	1,029.2	1,643.7
Net Income to Common	859.6	1,797.1	—	1,092.5	1,311.0	2,127.0	969.9	1,287.8	1,579.1	2,225.2	1,054.3	1,540.2
Minority Interest	0.7	-0.4	—	0.3	0.7	-0.0	-0.9	-0.6	0.6	1.1	0.2	0.2
Per Share
Basic EPS	1.17	2.46	1.08	1.50	1.79	2.91	1.33	1.76	2.16	3.04	1.44	2.11
Diluted EPS	1.17	2.46	1.08	1.50	1.79	2.91	1.33	1.76	2.16	3.04	1.44	2.11
Other Comprehensive Income — detail
+ Other Comprehensive Income	—	—	—	—	—	-73.5	18.3	-25.2	49.7	-7.1	-25.3	103.4
+ Items NOT to be Reclassified to P&L	-48.7	-115.6	69.8	-22.8	60.9	-98.3	24.5	-33.6	67.3	-10.4	-33.9	138.1
+ Tax on Items NOT to be Reclassified	—	—	—	—	—	-24.8	6.2	0.0	17.6	-3.3	-8.5	0.0
+ Tax on Items NOT to be Reclassified — alt tag	-12.3	-29.0	17.6	-5.7	15.3	—	—	—	—	—	—	—
+ Tax on Items to be Reclassified	—	—	—	—	—	—	0.0	-8.5	0.0	0.0	0.0	34.7
Comprehensive Income — Owners of Parent	823.2	1,710.5	843.3	1,075.4	1,356.5	2,053.5	988.2	1,262.6	1,628.8	2,218.1	1,029.0	1,643.6
Comprehensive Income — Non-controlling Interests	0.7	-0.4	0.3	0.3	0.7	-0.0	-0.9	-0.6	0.6	1.1	0.2	0.2
Per Share — as-filed variants
Basic EPS — Continuing Operations	1.17	2.46	1.08	1.50	1.79	2.91	1.33	1.76	2.16	3.04	1.44	2.11
Diluted EPS — Continuing Operations	1.17	2.46	1.08	1.50	1.79	2.91	1.33	1.76	2.16	3.04	1.44	2.11
Derived — Gross Profit (Revenue − Materials − Purchases − Δ Inventories)
Gross Profit	2,030.6	4,153.2	1,928.5	2,463.1	2,789.3	4,400.7	2,363.7	2,953.5	3,329.4	4,930.4	2,526.0	3,348.4
Gross Margin %	48.79	48.50	45.44	53.49	48.34	48.10	53.24	50.99	46.54	48.22	45.54	45.69
Adjusted (ex-Exceptional Items) — derived
Pretax Income (Adjusted, as filed)	1,132.0	2,390.1	1,042.9	1,445.2	1,743.6	2,867.3	1,279.4	1,728.0	2,128.3	2,917.3	1,396.3	2,054.1
Net Income Adj (tax-effected)	860.3	1,796.7	791.3	1,092.8	1,311.6	2,127.0	969.1	1,287.2	1,579.7	2,226.4	1,054.5	1,540.4
EPS Adj	1.17	2.46	1.08	1.50	1.79	2.91	1.33	1.76	2.16	3.04	1.44	2.11
Other Filed Concepts — mapped but not yet placed in the schedule
Face Value	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00
Paid Up Equity Capital	731.0	731.0	731.0	731.0	731.0	731.0	731.0	731.0	731.0	731.0	731.0	731.0

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: Q2 FY27 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

BEL Q2 FY27 results (July–September 2026)

Filed with NSE on Friday, 30 October 2026 at 5:02 pm IST

Bharat Electronics (NSE: BEL) reported its Q2 FY27 results (July–September 2026) on Friday, 30 October 2026 at 5:02 pm IST. Consolidated net profit was ₹1,540 crore, up 19.6% from ₹1,288 crore in Q2 FY26 and up 46.1% from ₹1,054 crore in Q1 FY27. Revenue from operations was ₹7,328 crore, up 26.5% year on year and up 32.1% from the previous quarter.

Q2 FY26 results (a year earlier): 31 October 2025
Q3 FY27 results due by: 14 February 2027

Q2 FY27 at a glance · consolidated

Net profit: ₹1,540 Cr+19.6% vs Q2 FY26+46.1% vs Q1 FY27
Revenue from operations: ₹7,328 Cr+26.5% vs Q2 FY26+32.1% vs Q1 FY27
Operating margin (EBIT): 25.5%−1.7 pts vs Q2 FY26+3.4 pts vs Q1 FY27EBIT ₹1,870 Cr
EBITDA: ₹2,041 Cr+19.9% vs Q2 FY26+47.0% vs Q1 FY27margin 27.9%
Earnings per share (basic): ₹2.11+19.9% vs Q2 FY26+46.5% vs Q1 FY27
Net profit margin: 21.0%−1.2 pts vs Q2 FY26+2.0 pts vs Q1 FY27

Questions

What was BEL's net profit in Q2 FY27?

Consolidated net profit was ₹1,540 crore, up 19.6% from ₹1,288 crore in Q2 FY26 and up 46.1% from ₹1,054 crore in Q1 FY27.

What was BEL's revenue in Q2 FY27?

Revenue from operations was ₹7,328 crore, up 26.5% year on year and up 32.1% from the previous quarter.

What was BEL's EPS in Q2 FY27?

Basic earnings per share were ₹2.11, against ₹1.76 in Q2 FY26.

How were BEL's Q2 FY27 results?

Both grew from a year earlier: net profit was up 19.6% at ₹1,540 crore and revenue was up 26.5% at ₹7,328 crore. The operating margin was 25.5%, down 1.7 percentage points from 27.2% a year earlier. Against Q1 FY27, net profit was up 46.1% and revenue up 32.1%.

What was BEL's operating margin in Q2 FY27?

Operating profit (EBIT — revenue less operating expenses, before finance costs and other income) was ₹1,870 crore, a margin of 25.5%, against 22.1% in Q1 FY27 and 27.2% in Q2 FY26. EBITDA was ₹2,041 crore, 27.9% of revenue.

What was BEL's net profit in the first half of FY27?

Consolidated net profit for the first half of FY27 (April–September 2026) was ₹2,595 crore, up 14.9% from ₹2,258 crore in the same months a year earlier. Revenue from operations was ₹12,875 crore, up 25.8%.

What is BEL's net profit margin?

BEL's net profit margin was 21.0% in Q2 FY27 (net profit as a share of revenue from operations), against 22.2% in Q2 FY26 (down 1.2 percentage points). For FY26 as a whole it was 22.0%.

What was BEL's net profit in FY26?

Consolidated net profit was ₹6,062 crore in FY26 (April 2025–March 2026), up 13.9% from ₹5,321 crore in FY25. It was ₹3,985 crore in FY24 and ₹2,984 crore in FY23: up 103.1% over three years, 26.6% a year on average.

What was BEL's revenue in FY26?

Revenue from operations was ₹27,610 crore in FY26 (April 2025–March 2026), up 16.2% from ₹23,769 crore in FY25. It was ₹20,268 crore in FY24 and ₹17,734 crore in FY23: up 55.7% over three years, 15.9% a year on average.

How has BEL's profit changed over the last four quarters?

Net profit by quarter: ₹1,579 crore in Q3 FY26, ₹2,225 crore in Q4 FY26, ₹1,054 crore in Q1 FY27 and ₹1,540 crore in Q2 FY27. That is ₹6,399 crore over the four quarters, up 12.3% from ₹5,696 crore in the four quarters before. Revenue from operations: ₹7,154 crore, ₹10,224 crore, ₹5,547 crore and ₹7,328 crore.

When did BEL announce its Q2 FY27 results?

On Friday, 30 October 2026 at 5:02 pm IST, in its results filing to the stock exchanges. A year earlier it reported Q2 FY26 on 31 October 2025.

When will BEL announce its Q3 FY27 results?

Q3 FY27 covers October–December 2026. Listed companies must publish quarterly results within 45 days of the quarter's end (SEBI listing rules, Regulation 33), so the results are due by 14 February 2027. The company tells the exchanges the date of the board meeting at least two working days before it.

Where do these BEL figures come from?

From Bharat Electronics' own consolidated results filings to NSE, in ₹ crore as filed (Q2 FY27 on 30 October 2026). Growth compares the same consolidated figures a year and a quarter earlier.

Consolidated figures from the company's filings to NSE. Every company's results dates this season are in the Q2 FY27 results calendar, part of Alpha Plus.