Bharat Electronics Limited (BEL) started Friday on a strong note, with its shares opening 0.6% higher at ₹274 per share. This boost comes after the company bagged fresh orders worth ₹577 crores. However, the stock had closed slightly lower at ₹272.5 per share on Thursday. These new orders are a big win for BEL, strengthening its position in the market.
What are the new orders about?
BEL has secured orders for a range of advanced systems, including:
- Airborne electronic warfare products
- High-tech communication systems for submarines
- Doppler weather radar
- Train communication systems
- Radar upgradation
- Spares and maintenance services
With these additions, BEL's total orders for the financial year now stand at ₹13,724 crores. The company continues to expand its portfolio, ensuring a steady flow of projects.
BEL's growing order book and future targets
As of January 1, 2025, BEL's total order book is an impressive ₹71,100 crores. The company had set a target to secure orders worth ₹25,000 crores in FY25, and with the latest deals, it has already crossed the halfway mark. In their Q3FY25 earnings call, BEL's management expressed confidence in hitting the full-year target, reassuring investors about its growth trajectory.
Strong financial performance in Q3FY25
BEL has been delivering solid numbers, and the December 2024 quarter was no different:
- Sales surged by 39.15% to ₹5756.12 crores, compared to ₹4136.69 crores in the same quarter last year.
- Net profit shot up by 47.33% to ₹1316.06 crores from ₹893.30 crores in December 2023.
- Operating profit climbed to ₹1858.38 crores, up from ₹1272.57 crores in the previous year.
This kind of growth reflects BEL's strong market demand and efficient execution. For those looking to invest in stocks, BEL's steady performance and government-backed projects make it an interesting choice.
Should investors keep an eye on BEL?
As a key defence PSU under the Ministry of Defence, BEL continues to make big moves in defence and technology. With a strong order pipeline and consistent revenue growth, it stands out for investors looking to invest in stocks of companies with long-term potential.
As of March 7, 2025, at 11:40 AM, BEL was trading at ₹278.05 per share. With its growing order book and financial strength, BEL is definitely a company to watch in the defence sector.
