Why BEL Share Price is Rising

# Robust Earning

For the December 2025 quarter, the company reported a strong performance compared with the same period last year.

Revenue from operations rose to Rs 71,538.5 million (m), up from Rs 57,706.9 m, representing a healthy 24% YoY growth.

Profit before tax (PBT) increased to Rs 21,283.1 m from Rs 17,436.2 m, a 22% rise. Meanwhile the net profit grew to Rs 15,797 m from Rs 13,116 m, up 20% YoY.

Looking at the nine-month performance, the company's revenue from operations reached Rs 173,856.8 m, compared with Rs 146,191.6 m a year ago, registering 19% YoY growth.

Profit before tax for the nine months rose to Rs 51,356.2 m from Rs 42,317.4 m, up 21%.

Meanwhile net profit climbed to Rs 38,359.1 m from Rs 31,956.6 m, reflecting a solid 20% YoY increase.

What Next?

During a post-earnings Q2 analyst call, the management highlighted steady order inflows, progress on major defence programmes, balanced growth across business verticals, and early signs of momentum in export markets.

Manoj Jain, CMD of BEL, noted that the company's orderbook as of 1 October 2025 stood at Rs 744.5 billion (bn), with a significant share coming from large defence platforms. Key contributors included LRSAM (Rs 50 bn), electronic fuzes (Rs 45 bn), BMP-2 upgrades (Rs 3 bn), and the Akash Army order (Rs 27 bn).

The top seven orders together account for around Rs 250 bn of the total orderbook.

For the Quick Reaction Surface-to-Air Missile (QRSAM) programme, BEL has submitted its RFP response and is currently completing cost audits and procedural clearances.

Management expressed confidence in receiving the order before March. Overall, BEL expects to exceed its FY26 orderbook guidance of Rs 270 bn.

On the exports front, BEL currently expects overseas sales to contribute 3-4% of revenues, with plans to gradually scale this to 5% in the next two to three years and eventually reach 10% of total turnover.

The company's current export orderbook stands at US$ 326 m, and it is well-positioned for steady growth in international markets.

How shares of BEL Have performed recently

Over the past month, BEL share price has jumped over 15%.

The company touched its 52-week high of Rs 457.9 on 28 January 2026 and its 52-week low of Rs 240.15 on 19 February 2025.

About BEL

The company specialises in manufacturing advanced electronic products primarily for Indian defence services including, the army, navy, and air force, as well as other government organisations.

BEL holds the prestigious Navratna status, reflecting its strategic importance and operational autonomy. It has multiple manufacturing units across India and exports its products to regions including Europe, Asia, Africa, North America, and the Middle East.

The company has demonstrated strong growth and innovation with indigenous products such as the Akash Air Defence Weapon System, Weapon Locating Radar, and 3D Tactical Control Radar.

To know more, check BEL's fact sheet and latest quarterly results. You can also compare BEL with its peers on our website.

You can also compare BEL with its peers:

BEL vs Paras Defence & Space Tech

BEL vs Bharat Dynamics

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Investors should evaluate the company's fundamentals, corporate governance, and valuations of the stock as key factors when conducting due diligence before making investment decisions.

Happy investing.

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