Overview

• Bharat Electronics secured Rs 2,323 crore in orders from Mazagon Dock Shipbuilders and Garden Reach for naval missile system spares.
• The company disclosed an additional Rs 537 crore in orders since its May 16 filing, raising total recent inflows to Rs 2,860 crore.
• New contracts cover supply of base and depot spares for missile systems on Indian naval vessels to ensure operational continuity.
• In the March quarter, BEL posted an 18.4% rise in net profit to Rs 2,127 crore, 6.8% revenue growth to Rs 9,149.6 crore and a 23.2% jump in EBITDA with 30.8% margins.
• Shares reached a 52-week peak and analysts retained 'buy' ratings on the strength of BEL’s order backlog and prospects from Project Kusha.