Bharat Electronics Ltd. Q3 FY2026 results: revenue ₹7,154 crore, up 24.0% on the year
Bharat Electronics Ltd. (BEL) reported consolidated revenue from operations of ₹7,154 crore for Q3 FY2026, the quarter ended 31 December 2025, up 24.0% on the same quarter a year earlier. Profit after tax was ₹1,580 crore, up 20.4% on the year, and earnings per share ₹2.16. The figures are the company's own, from the un-audited results it filed with NSE on 28 January 2026.
The quarter, against the one before and a year earlier
| Line | Q3 FY2026 | Q2 FY2026 | Q3 FY2025 | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 7,154 | 5,792 | 5,771 | +24.0% |
| Other income | 139 | 154 | 186 | -25.7% |
| Total income | 7,292 | 5,946 | 5,957 | +22.4% |
| Cost of materials consumed | 4,113 | 3,014 | 3,176 | +29.5% |
| Purchases of stock-in-trade | 167 | 104 | 104 | +60.8% |
| Changes in inventories | -455 | -279 | -299 | n/a |
| Employee benefit expense | 820 | 768 | 672 | +22.0% |
| Finance costs | 2 | 2 | 1 | +53.8% |
| Depreciation, depletion and amortisation | 135 | 126 | 111 | +22.1% |
| Other expenses | 382 | 484 | 448 | -14.7% |
| Total expenses | 5,164 | 4,218 | 4,213 | +22.6% |
| Profit before exceptional items and tax | 2,128 | 1,728 | 1,744 | +22.1% |
| Exceptional items | 0 | 0 | 0 | n/a |
| Profit before tax | 2,128 | 1,728 | 1,744 | +22.1% |
| Current tax | 567 | 418 | 480 | +18.1% |
| Deferred tax | -9 | 31 | -38 | n/a |
| Total tax | 558 | 450 | 442 | +26.2% |
| Profit after tax | 1,580 | 1,287 | 1,312 | +20.4% |
| Attributable to owners of the parent | 1,579 | 1,288 | 1,311 | +20.5% |
| Other comprehensive income | 50 | -25 | 46 | +9.0% |
| Total comprehensive income | 1,629 | 1,262 | 1,357 | +20.1% |
| EPS, basic | ₹2.16 | ₹1.76 | ₹1.79 | +20.7% |
| EPS, diluted | ₹2.16 | ₹1.76 | ₹1.79 | +20.7% |
₹ crore except per share.
Segments, Q3 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 31 December 2025, filed with NSE on 28 January 2026: the result statement. All of Bharat Electronics Ltd.'s results: NSE company page.
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