Bharat Electronics Ltd. Q1 FY2026 results: revenue ₹4,440 crore, up 4.6% on the year
Bharat Electronics Ltd. (BEL) reported consolidated revenue from operations of ₹4,440 crore for Q1 FY2026, the quarter ended 30 June 2025, up 4.6% on the same quarter a year earlier. Profit after tax was ₹969 crore, up 22.5% on the year, and earnings per share ₹1.33. The figures are the company's own, from the un-audited results it filed with NSE on 28 July 2025.
The quarter, against the one before and a year earlier
| Line | Q1 FY2026 | Q4 FY2025 | Q1 FY2025 | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 4,440 | 9,150 | 4,244 | +4.6% |
| Other income | 163 | 195 | 204 | -19.8% |
| Total income | 4,603 | 9,344 | 4,447 | +3.5% |
| Cost of materials consumed | 1,961 | 4,429 | 2,556 | -23.3% |
| Purchases of stock-in-trade | 99 | 174 | 67 | +48.3% |
| Changes in inventories | 16 | 145 | -308 | n/a |
| Employee benefit expense | 696 | 766 | 667 | +4.5% |
| Finance costs | 1 | 6 | 1 | +22.0% |
| Depreciation, depletion and amortisation | 121 | 138 | 108 | +12.2% |
| Other expenses | 429 | 819 | 314 | +36.7% |
| Total expenses | 3,324 | 6,477 | 3,404 | -2.4% |
| Profit before exceptional items and tax | 1,279 | 2,867 | 1,043 | +22.7% |
| Exceptional items | 0 | 0 | 0 | n/a |
| Profit before tax | 1,279 | 2,867 | 1,043 | +22.7% |
| Current tax | 353 | 619 | 285 | +23.7% |
| Deferred tax | -34 | 127 | -23 | n/a |
| Total tax | 319 | 746 | 262 | +21.7% |
| Profit after tax | 969 | 2,127 | 791 | +22.5% |
| Attributable to owners of the parent | 970 | 2,127 | n/a | n/a |
| Other comprehensive income | 18 | -74 | 52 | -64.9% |
| Total comprehensive income | 987 | 2,053 | 844 | +17.1% |
| EPS, basic | ₹1.33 | ₹2.91 | ₹1.08 | +23.1% |
| EPS, diluted | ₹1.33 | ₹2.91 | ₹1.08 | +23.1% |
₹ crore except per share.
Segments, Q1 FY2026
| Segment | Revenue ₹ crore | Share of segment revenue | Result ₹ crore | Result over revenue |
|---|---|---|---|---|
| Exempted | 0 | n/a | 0 | n/a |
Segment revenue and segment result as the company filed them, before inter-segment eliminations; share and result over revenue are arithmetic on those.
Quarterly results, the last 12 quarters
| Q2 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,009 | 4,162 | 8,564 | 4,244 | 4,605 | 5,771 | 9,150 | 4,440 | 5,792 | 7,154 | 10,224 | 5,547 |
| Expenses | 3,105 | 3,198 | 6,399 | 3,404 | 3,317 | 4,213 | 6,477 | 3,324 | 4,218 | 5,164 | 7,417 | 4,320 |
| Operating profit | 1,014 | 1,072 | 2,287 | 948 | 1,400 | 1,669 | 2,816 | 1,238 | 1,702 | 2,127 | 2,982 | 1,388 |
| OPM % | 25% | 26% | 27% | 22% | 30% | 29% | 31% | 28% | 29% | 30% | 29% | 25% |
| Other income | 137 | 167 | 225 | 204 | 158 | 186 | 195 | 163 | 154 | 139 | 110 | 170 |
| Interest | 2 | 1 | 4 | 1 | 1 | 1 | 6 | 1 | 2 | 2 | 2 | 1 |
| Depreciation | 108 | 107 | 119 | 108 | 111 | 111 | 138 | 121 | 126 | 135 | 173 | 161 |
| Exceptional items | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1,041 | 1,132 | 2,390 | 1,043 | 1,445 | 1,744 | 2,867 | 1,279 | 1,728 | 2,128 | 2,917 | 1,396 |
| Tax % | 25% | 25% | 25% | 25% | 25% | 25% | 26% | 25% | 26% | 26% | 24% | 25% |
| Net profit | 790 | 860 | 1,797 | 791 | 1,093 | 1,312 | 2,127 | 969 | 1,287 | 1,580 | 2,226 | 1,055 |
| EPS in ₹ | ₹1.08 | ₹1.17 | ₹2.46 | ₹1.08 | ₹1.50 | ₹1.79 | ₹2.91 | ₹1.33 | ₹1.76 | ₹2.16 | ₹3.04 | ₹1.44 |
| Filing | NSE | NSE | NSE | NSE | NSE | NSE | Filing | Filing | Filing | Filing | Filing | Filing |
₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company.
Source
Un-audited consolidated results for the quarter ended 30 June 2025, filed with NSE on 28 July 2025: the result statement. All of Bharat Electronics Ltd.'s results: NSE company page.
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