)
Bharat Electronics (500049) investor relations material
Bharat Electronics Q2 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue from operations for H1 FY26 rose 15.92% year-over-year to INR 10,180 crore, with profit before tax up 21.51% and profit after tax up 20.77%.
Revenue from operations grew 25.75% year-over-year in Q2 FY26, reaching ₹5,763.65 crore.
Order book as of October 1, 2025, stood at INR 74,453 crore, increasing to INR 75,600 crore by the date of the call.
Orders acquired in FY26 so far total INR 14,750 crore, with a strong pipeline of large defense projects expected.
Financial highlights
Standalone revenue for H1 FY26 was ₹10,18,048 lakh, up from ₹8,78,218 lakh in H1 FY25.
Standalone profit before tax for H1 FY26 was ₹3,02,354 lakh, up from ₹2,48,822 lakh in H1 FY25.
Standalone profit after tax for H1 FY26 was ₹2,25,526 lakh, up from ₹1,86,741 lakh in H1 FY25.
Top seven orders constitute INR 25,000 crore of the order book, including LRSAM, electronic fuses, BMP-2 upgrade, and Akash Army.
Major executed programs in H1 include LRSAM, Himshakti, battle surveillance systems, Akash Army, LCA Mark 1 avionics, LINK U2 fire control, and Shakti EW system.
Outlook and guidance
Confident of achieving more than 27% EBITDA margin for FY26, with product mix stability expected between H1 and H2.
Order inflow guidance of INR 27,000 crore (excluding QRSAM) for FY26, with a total of INR 57,000 crore including QRSAM.
Revenue growth guidance of 15%+ and R&D investment of over INR 1,600 crore.
CapEx planned at over INR 1,000 crore, with a defense to non-defense business ratio of 90:10.
Management stated that ongoing conflicts in Israel have no material financial impact as of the reporting date.
Next Bharat Electronics earnings date
Next Bharat Electronics earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)