Navratna defence PSU Bharat Electronics Limited (BEL) share price surged 10% intraday, touching the upper circuit of ₹457.50 on the NSE. The company delivered a strong financial performance for the Q3 FY26, outperforming market expectations with strong profitability, healthy margins, and continued order book strength.
Both consolidated and standalone metrics reflected sustained operational momentum driven by defence electronics execution and indigenisation tailwinds.
BEL reported a consolidated net profit of ₹1,579.70 crore, up 20.4% from ₹1,311.60 crore in Q3 FY25. On a standalone basis, the profit after tax (PAT) surged almost 20.81% YoY to ₹1,590.06 crore, surpassing expectations of investors.
Up to the nine-month period of FY26, the company’s consolidated profit after tax (PAT) stood at ₹3,835.91 crore, compared to ₹3,195.66 crore in the same period last year. During the same period, the standalone profit after tax (PAT) reached ₹3,845.32 crore, up from ₹3,183.47 crore recorded in the corresponding period of the previous year.
Operational revenues surged sharply during the quarter, with the defence electronics manufacturer reporting an approximately 24% year-on-year increase in consolidated revenue to ₹7,153.85 crore. On a standalone basis, revenue rose by approximately 20.76% year-on-year to ₹7,121.98 crore.
For the nine-month period of FY26, BEL achieved ₹17,302.46 crore in revenue, compared to ₹14,538.30 crore in the same period last year.
BEL’s order book position stood at ₹73,015 crore as of January 1, 2026. This is slightly lower than ₹74,453 crore as of October 1, 2025, but still reflects multi-year delivery visibility. BEL is well-positioned for continued defence sector execution as the market transitions from “order accumulation to delivery.”
Following the strong earnings announcement, BEL shares surged 10% intraday, touching ₹457.50 on the NSE. The stock also hit a fresh 52-week high and touched the 10% upper circuit band, making BEL the best-performing Nifty 50 stock of the day.
The company’s long-term stock performance has also been impressive, with the defence PSU delivering 75.37% returns over the past one year, 380.38% over three years, and 935.90% over five years, firmly establishing itself as a multibagger.

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