Bharat Electronics’ share price rose 3.2% to an intra-day high of Rs 285.80 on the National Stock Exchange. It was the top gainer in the Nifty 50. The stock is 19% away from its 52-week high of Rs 340.50. The surge in stock price came after the company received Rs 2,463 crore order for Ashwini Radars from the Indian Air Force.
After this order, BEL’s orderbook stands at a total of Rs 17,030 crore in the current financial year. “Navratna Defence Public Sector Undertaking, Bharat Electronics (BEL), has signed a contract with Ministry of Defence valued at Rs 2,463 Crore (excluding taxes) for supply and services of Ashwini Radars. These fully indigenous AESA radars developed jointly by DRDO and BEL have integrated IFF with electronic scanning in azimuth and elevation and are capable of 4D surveillance. These mobile radars with advanced ECCM features are deployable on all terrains and can automatically detect and track aerial targets ranging from fighter aircraft to slow moving targets,” read an exchange filing.
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Earlier on March 10, the company received orders worth around Rs 850 crore. “Navratna Defence Public Sector Undertaking, Bharat Electronics Limited (BEL), has secured additional orders worth Rs 843 Crore since the last disclosure on 06 March 2025,” said the company.
BEL’s Q3 result
The company reported a 47.3% growth year-on-year in its net profit for the third quarter of FY25 to Rs 1,316.06 crore, compared to Rs 893.30 crore posted in the same period a year ago. Its consolidated revenue from operations in Q3 FY25 stood at Rs 5,770.69 crore, a 38.6% increase YoY compared to Rs 4,162.16 crore posted in the corresponding quarter of the last fiscal year.
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The share price of BEL has risen 2.3% in the past five trading days. The stock has given a return of 8.5% in the last one month. However, it has fallen 2% in the previous six months. The defence PSU’s share price has risen 50% in the last one year.
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