BEL Shares Drop 3% After Missing FY25 Order Inflow Target Despite Revenue Growth

Bharat Electronics Ltd. (BEL), a key player in India’s defence and strategic electronics sector and a constituent of the Nifty 50, has reported a mixed performance for the financial year 2025. While the company fell short of its order inflow target, it surpassed expectations in revenue growth.

Order Inflow Below Projections

In an exchange filing on April 1, BEL announced that it secured orders worth ₹18,715 crore during FY25. This figure falls short of the company’s projection of ₹25,000 crore, reflecting a gap in anticipated order inflows.

Revenue Growth Exceeds Expectations

Despite the shortfall in new orders, BEL achieved a turnover of ₹23,000 crore (provisional), marking a 16% increase from the ₹19,820 crore recorded in FY24. Notably, this growth exceeded BEL’s initial projection of 15% revenue expansion for the year.

BEL’s export segment also demonstrated solid performance, achieving sales of approximately $106 million, which represents a 14% increase compared to $92.98 million in FY24.

Major Orders Secured in FY25

During the year, BEL secured significant orders, including the BMP II Upgrade, Ashwini Radar, Software Defined Radios, Data Link, Multi-Function Radars, EON 51, and various non-defence sector projects.

As of April 1, 2025, BEL’s total order book stands at ₹71,650 crore, which includes an export order book worth $359 million. This robust pipeline is expected to support the company’s growth trajectory in the coming years.

Share Price Performance

Bharat Electronics Limited (BEL) is experiencing a decline in its stock price. The current quote value stands at ₹282.75, reflecting a drop of ₹9.25 (-3.17%) at 9:25 AM on the NSE from its previous close of ₹292. The stock opened at ₹289.90 and reached a high of ₹290.75 before hitting a low of ₹282.60.

Conclusion

While BEL’s order inflow for FY25 did not meet expectations, the company’s strong revenue growth, rising export sales, and healthy order book signal a positive outlook.

With a focus on expanding its international footprint and securing key defence and non-defence projects, BEL is well-positioned for sustained growth in the years ahead.

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