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Bharat Electronics (500049) investor relations material
Bharat Electronics Q3 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue from operations up to Q3 FY26 reached INR 17,302 crore, a 19% year-over-year increase, with profit before tax at INR 5,171 crore (up 22%) and profit after tax at INR 3,845 crore (up 21%).
Q3 FY 2025-26 revenue grew 23.73% year-over-year to ₹7,121.98 crore, with profit before tax at ₹2,147.68 crore (up 22.43%) and profit after tax at ₹1,590.06 crore (up 20.82%).
Order book as of late January 2026 stands at INR 73,450 crore, with order inflows of INR 19,300 crore so far in FY26.
EBITDA margin improved to 30% up to Q3, compared to 28% last year, and EPS rose to INR 5.26 from INR 4.36.
Financial highlights
Standalone revenue from operations for nine months: ₹17,30,246 lakh; profit before tax: ₹5,17,122 lakh; profit after tax: ₹3,84,532 lakh.
Consolidated revenue from operations for nine months: ₹17,38,568 lakh; consolidated profit after tax: ₹3,83,591 lakh.
Cumulative other expenses for nine months increased, mainly due to higher provisions for doubtful debts (INR 709 crore vs. INR 598 crore last year).
Provision write-backs in the quarter totaled INR 256 crore.
Other income declined 16% year-over-year, primarily due to lower interest income and absence of forex gains.
Cash and bank balance at the end of Q3 FY26 is over INR 7,000 crore.
Outlook and guidance
Management maintains FY26 guidance: revenue growth above 15%, EBITDA margin at 27%, and order inflow exceeding INR 27,000 crore.
Guidance includes partial NGC order inflow (INR 3,000–4,000 crore in FY26, remainder in H1 FY27).
Margin guidance remains at 27% for FY26, despite higher YTD margins, due to expected product mix changes in Q4.
Order pipeline supports 15%+ annual growth for the next 3–4 years, with several large projects expected.
R&D investment target for FY26 is INR 1,700+ crore, with 20%+ annual growth planned.
- TimeTickerHeadlineOpen
- BPT
H1 FY26 revenue hit $1B, with strong gas prices and LNG cargoes offsetting lower production. - CPAY
Record 2025 results and 2026 outlook driven by strong segment growth and capital deployment. - 032640
Net income surged 61.9% year-over-year, with strong wireless and enterprise growth. - LOT
A$76M equity raise supports Kayelekera ramp-up and Letlhakane development amid strong uranium demand. - SYM
Revenue up 29% to $630M, net income $13.36M, $22.3B backlog, strong cash, legal risks persist. - TENB
Record 2025 results with double-digit growth, strong cash flow, and expanding AI-driven platform. - DHX
Q4 2025 revenue down 10% YoY; FY 2026 guidance targets $118M–$122M revenue. - COHR
Q2 FY26 revenue up 17% to $1.69B, with strong EPS growth and robust datacenter demand. - ALGT
Q4 2025 saw record results and margin growth, with 2026 outlook boosted by Sun Country deal. - STC
Record bookings, strong cash flow, and margin expansion drive improved outlook.
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