Two of India’s leading defence PSUs, Bharat Electronics (BEL) and Bharat Dynamics (BDL) are making headlines after major contract wins and shareholder rewards. Share price of both BDL and BEL are upbeat today.
While BEL specialises in cutting-edge electronic systems, BDL plays a key role in missile manufacturing. With both companies securing fresh orders and maintaining a steady growth trajectory, many investors and defence enthusiasts might be keenly watching on what might be their next moves.
Let’s break down five key factors that set these companies apart.
BEL Vs BDL: Major order wins
With back to back orders, BEL has strengthened its order book by securing another fresh contracts worth Rs 1,385 crore as per its exchange filing on March 27. These include radar upgrades, electronic voting machines, navigation systems for tanks, and ship-based fire control systems. With these additions, BEL’s total order inflow for FY25 has now touched Rs 18,415 crore.
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Meanwhile, BDL has landed a massive Rs 4,362.23 crore contract from the Ministry of Defence to supply armaments to the Indian Armed Forces. Though the specifics of the deal remain classified, this order highlights the country’s indigenous defence production under ‘Aatmanirbhar Bharat’.
BEL Vs BDL: Dividend payouts
BEL recently declared an interim dividend of Rs 1.50 per share, set to be paid on March 27, 2025.
On the other hand, BDL announced an interim dividend of Rs 4 per share earlier in February, with February 14 marked as the record date.
BEL Vs BDL: Q3FY25 Earnings
BEL posted a total income of Rs 5,957.07 crore, registering a 25.1% quarter-on-quarter (QoQ) growth and a 37.6% rise year-on-year (YoY). The company’s Profit After Tax (PAT) stood at Rs 1,311.60 crore, a 20% QoQ jump and a 52.5% YoY increase.
BDL, on the other hand, saw a 38% YoY rise in revenue from operations, reaching Rs 832.13 crore in Q3FY25 compared to Rs 601.61 crore in the same quarter last year. While its net profit grew by 9% YoY to Rs 147 crore, the EBITDA increased 7% YoY to Rs 127 crore.
BEL Vs BDL: Stock market performance
BEL’s share price rose 1% in today’s trading session and delivered a 23% gain over the past month.
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