Bharat Electronics Ltd (BEL) shares surged 2.66 per cent on Thursday after the corporate secured a big Rs 2,463 crore contract from the Indian Air Power (IAF) for the provision and companies of Ashwini Radars. The inventory was buying and selling at Rs 284.10 apiece on BSE round 10 AM, up from its earlier shut of Rs 276.75.
Mega order strengthens BEL’s order guide
In a inventory change submitting on March 12, BEL confirmed the contract signing with the Ministry of Defence. The deal entails superior Lively Electronically Scanned Array (AESA) radars, collectively developed by BEL and the Defence Analysis and Growth Organisation (DRDO). These radars include built-in Identification Pal or Foe (IFF) capabilities and 4D surveillance, permitting computerized detection and monitoring of aerial targets, together with fighter jets and slow-moving plane.
This newest contract brings BEL’s complete order influx for the monetary 12 months to Rs 17,030 crore, reflecting sturdy demand for its defence options.
BEL secures extra orders value Rs 843 crore
Earlier this week, BEL bagged extra orders value Rs 843 crore, additional increasing its order guide. These contracts embody RF seekers, radar upgrades, vessel and air visitors administration techniques, and electro-optic restore services. The rising order pipeline solidifies BEL’s management in defence electronics.
Q3 earnings replicate sturdy monetary efficiency
BEL reported a 47.3 per cent year-on-year (YoY) enhance in its revenue after tax (PAT) for Q3FY25, reaching Rs 1,316.06 crore. Income from operations stood at Rs 5,770.69 crore, up 38.6 per cent from Rs 4,162.16 crore within the corresponding quarter final 12 months.
For the 9 months ending December 2024, BEL recorded a turnover of Rs 14,173.68 crore, exceeding the Rs 11,484.92 crore reported within the earlier 12 months’s interval.
Analysts see additional upside
In response to Trendlyne knowledge, the common goal worth for BEL stands at Rs 336, indicating a 22 per cent upside from present ranges. The inventory stays a ‘Purchase’ for analysts, supported by its sturdy order guide and growth potential within the defence sector.
With a market cap of Rs 2.07 lakh crore, BEL continues to play a vital position in India’s defence ecosystem, positioning itself as a key provider for the armed forces.
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