Bharat Electronics Q2 FY27: revenue up 26.5% to ₹7,328 Cr, net profit up 19.6% to ₹1,540 Cr
Results · Finvezto · 3 Nov 2026 · Bharat Electronics (BEL)
Results Q2 FY27, ₹ Cr
| Q2 FY27 | ₹ Cr | QoQ | YoY |
|---|---|---|---|
| Revenue | 7,328 | - | +26.5% |
| Operating profit | 2,041 | - | +19.9% |
| Net profit | 1,540 | - | +19.6% |
| Operating margin | 27.9% | - | -1.5 pp |
| Net margin | 21.0% | - | -1.2 pp |
YoY is the company's own figure. QoQ shows where our quarterly series matches the filing.
Key points
- H1 FY27 revenue from operations increased 25.97% to INR 12,824 crores, while profit after tax grew 14.80% to INR 2,589 crores with an EBITDA margin of 27.43%. Earnings call
- The order book position stood at INR 68,717 crores as on October 1, 2026, with orders acquired during the financial year till date reaching INR 7,334 crores. Earnings call
- Management reiterated guidance of 15% plus revenue growth, an EBITDA margin of around 28%, and order inflow of INR 25,000 crores excluding QRSAM or INR 50,000-plus crores including it. Earnings call
What to watch
- Management on revenue growth: But overall, we are planning as of now between 15% to 20%, more than 15% growth.
- Management on order inflow: So total INR25,000 crores without QRSAM and with QRSAM INR55,000 crores, which was our guidance, we are sticking to that.
Links
Company page · Results tracker
Anand Ganapathy K | SEBI Registered Research Analyst | INH000016630.