Quarterly results · BEL
BHARAT ELECTRONICS LTD reported revenue of ₹7,328 cr and net profit of ₹1,540 cr in Q2 FY27 (quarter ended 30 Sept 2026). Below is the full quarter-wise results table with revenue, operating profit, margins, tax, EPS and annual history — updated when Yahoo Finance publishes updated financial statements; exchange filings can appear earlier.
Next results date
30 Oct 2026
To consider and approve the financial results for the period ended September 30, 2026
| Quarter | Q2 FY27 |
|---|---|
| Quarter ended | 30 Sept 2026 |
| Revenue | ₹7,328 cr |
| Revenue YoY | — |
| Operating profit | ₹1,870 cr |
| Operating margin | 25.5% |
| Net profit | ₹1,540 cr |
| Net profit YoY | — |
| Net profit QoQ | +46.1% |
| Net margin | 21.0% |
| Basic EPS | ₹2.11 |
| TTM revenue | ₹30,253 cr |
| TTM net profit | ₹6,399 cr |
| TTM net margin | 21.2% |
BHARAT ELECTRONICS LTD (BEL) has reported its Q2 FY27 results for the quarter ended 2026-09-30. The company posted revenue of ₹7,328 cr and a net profit of ₹1,540 cr, translating into earnings per share of ₹2.11.
Operating profit for the quarter stood at ₹1,870 cr, an operating margin of 25.5%.
Revenue
₹7,328 cr
— YoY
Net profit
₹1,540 cr
— YoY
Operating profit
₹1,870 cr
— YoY
EPS
₹2.11
— YoY
Swipe sideways to see all columns →
| Quarter | Revenue | Operating profit | Net profit | OPM | Net margin | EPS | Profit YoY | Profit QoQ |
|---|---|---|---|---|---|---|---|---|
| Q2 FY272026-09-30 | ₹7,328 cr | ₹1,870 cr | ₹1,540 cr | 25.5% | 21.0% | ₹2.11 | — | +46.1% |
| Q1 FY272026-06-30 | ₹5,547 cr | ₹1,228 cr | ₹1,054 cr | 22.1% | 19.0% | ₹1.44 | +8.7% | -52.6% |
| Q4 FY262026-03-31 | ₹10,224 cr | ₹2,809 cr | ₹2,225 cr | 27.5% | 21.8% | ₹3.04 | +4.6% | +40.9% |
| Q3 FY262025-12-31 | ₹7,154 cr | ₹1,992 cr | ₹1,579 cr | 27.8% | 22.1% | ₹2.16 | — | +62.8% |
| Q1 FY262025-06-30 | ₹4,440 cr | ₹1,117 cr | ₹970 cr | 25.2% | 21.8% | ₹1.33 | — | -54.4% |
| Q4 FY252025-03-31 | ₹9,150 cr | ₹2,678 cr | ₹2,127 cr | 29.3% | 23.2% | ₹2.91 | — | — |
| TTM (last 4 quarters) | ₹30,253 cr | ₹7,898 cr | ₹6,399 cr | 26.1% | 21.2% | ₹8.75 | — | — |
Consolidated figures as reported to the exchanges, shown in ₹ crore. OPM = operating profit margin. Updated automatically whenever a new quarter is filed.
Line-item results for the last six quarters as filed — sales, expenses, operating profit, interest, tax and profit after tax in ₹ crore.
| Particulars | Q2 FY272026-09-30 | Q1 FY272026-06-30 | Q4 FY262026-03-31 | Q3 FY262025-12-31 | Q1 FY262025-06-30 | Q4 FY252025-03-31 |
|---|---|---|---|---|---|---|
| Revenue / Sales | ₹7,328 cr | ₹5,547 cr | ₹10,224 cr | ₹7,154 cr | ₹4,440 cr | ₹9,150 cr |
| Total expenses | ₹5,461 cr | ₹4,319 cr | ₹7,416 cr | ₹5,162 cr | ₹3,322 cr | ₹6,471 cr |
| Gross profit | — | ₹2,526 cr | ₹4,930 cr | ₹3,329 cr | ₹2,364 cr | ₹4,401 cr |
| Operating profit (EBIT) | ₹1,870 cr | ₹1,228 cr | ₹2,809 cr | ₹1,992 cr | ₹1,117 cr | ₹2,678 cr |
| Operating margin | 25.5% | 22.1% | 27.5% | 27.8% | 25.2% | 29.3% |
| Interest cost | ₹2.59 cr | ₹1.16 cr | ₹1.61 cr | ₹2.03 cr | ₹1.44 cr | ₹5.86 cr |
| Profit before tax | ₹2,054 cr | ₹1,396 cr | ₹2,917 cr | ₹2,128 cr | ₹1,279 cr | ₹2,867 cr |
| Tax expense | ₹523 cr | ₹352 cr | ₹703 cr | ₹558 cr | ₹319 cr | ₹746 cr |
| Effective tax rate | 25.5% | 25.2% | 24.1% | 26.2% | 24.9% | 26.0% |
| Net profit (PAT) | ₹1,540 cr | ₹1,054 cr | ₹2,225 cr | ₹1,579 cr | ₹970 cr | ₹2,127 cr |
| Net profit margin | 21.0% | 19.0% | 21.8% | 22.1% | 21.8% | 23.2% |
| Basic EPS | ₹2.11 | ₹1.44 | ₹3.04 | ₹2.16 | ₹1.33 | ₹2.91 |
| Diluted EPS | — | ₹1.44 | ₹3.04 | ₹2.16 | ₹1.33 | ₹2.91 |
| Growth | Q2 FY27 | Q1 FY27 | Q4 FY26 | Q3 FY26 | Q1 FY26 | Q4 FY25 |
|---|---|---|---|---|---|---|
| Revenue YoY | — | +24.9% | +11.7% | — | — | — |
| Revenue QoQ | +32.1% | -45.7% | +42.9% | +61.1% | -51.5% | — |
| Operating profit YoY | — | +9.9% | +4.9% | — | — | — |
| Operating profit QoQ | +52.3% | -56.3% | +41.0% | +78.2% | -58.3% | — |
| Net profit YoY | — | +8.7% | +4.6% | — | — | — |
| Net profit QoQ | +46.1% | -52.6% | +40.9% | +62.8% | -54.4% | — |
| EPS YoY | — | +8.3% | +4.5% | — | — | — |
| EPS QoQ | +46.5% | -52.6% | +40.7% | +62.4% | -54.3% | — |
Full-year performance for BHARAT ELECTRONICS LTD, useful for reading each quarter in context.
| Particulars | FY262026-03-31 | FY252025-03-31 | FY242024-03-31 | FY232023-03-31 |
|---|---|---|---|---|
| Revenue / Sales | ₹26,796 cr | ₹23,117 cr | ₹19,905 cr | ₹17,404 cr |
| Total expenses | ₹19,004 cr | ₹16,592 cr | ₹15,124 cr | ₹13,631 cr |
| Gross profit | ₹12,759 cr | ₹10,923 cr | ₹9,326 cr | ₹7,567 cr |
| Operating profit (EBIT) | ₹7,792 cr | ₹6,526 cr | ₹4,781 cr | ₹3,773 cr |
| Operating margin | 29.1% | 28.2% | 24.0% | 21.7% |
| Interest cost | ₹6.5 cr | ₹9.39 cr | ₹6.86 cr | ₹14.59 cr |
| Profit before tax | ₹8,053 cr | ₹7,099 cr | ₹5,266 cr | ₹3,923 cr |
| Tax expense | ₹2,029 cr | ₹1,812 cr | ₹1,323 cr | ₹983 cr |
| Effective tax rate | 25.2% | 25.5% | 25.1% | 25.0% |
| Net profit (PAT) | ₹6,062 cr | ₹5,321 cr | ₹3,985 cr | ₹2,984 cr |
| Net profit margin | 22.6% | 23.0% | 20.0% | 17.1% |
| Basic EPS | ₹8.29 | ₹7.28 | ₹5.45 | ₹4.09 |
| Diluted EPS | ₹8.29 | ₹7.28 | ₹5.45 | ₹4.09 |
Topline for Q2 FY27 came in at ₹7,328 cr, and ₹5,547 cr in the preceding Q1 FY27 quarter.
On a sequential basis revenue grew +32.1%. Sequential moves are the quickest read on demand momentum because they strip out the base effect of a year-old quarter, though seasonality can distort a single quarter.
Total expenses for the quarter were ₹5,461 cr, or 74.5% of revenue.
Net profit of ₹1,540 cr works out to a net margin of 21.0%.
Below the operating line, BHARAT ELECTRONICS LTD reported profit before tax of ₹2,054 cr, a tax charge of ₹523 cr (effective rate 25.5%), interest cost of ₹2.59 cr. Reading these together with operating profit shows how much of the quarter's earnings were driven by the core business versus financing and tax movements.
Sequentially, net profit moved from ₹1,054 cr in Q1 FY27 to ₹1,540 cr in Q2 FY27, a change of +46.1%.
Across the trailing four quarters BHARAT ELECTRONICS LTD has generated revenue of ₹30,253 cr and net profit of ₹6,399 cr, a trailing net margin of 21.2%. The trailing view smooths out one-off quarters and is the number most valuation multiples are built on.
On a full-year basis, FY26 revenue was ₹26,796 cr with net profit of ₹6,062 cr and EPS of ₹8.29, versus the prior year where revenue grew +15.9% and profit grew +13.9%.
For the coming quarters the numbers worth tracking on this page are revenue momentum, the operating margin trend, the interest burden and whether EPS keeps pace with profit growth. A single weak quarter matters less than the direction over three to four consecutive quarters.
BHARAT ELECTRONICS LTD has intimated the exchange that its board meets on 30 Oct 2026 to approve financial results. The figures shown here update when Yahoo Finance publishes the corresponding statement data, which can lag the filing.
Financial figures here are supplied through Yahoo Finance fundamentals and shown in ₹ crore, without adjustment. This is information and analysis, not investment advice.
Bharat Electronics (BEL) secured fresh defence orders worth ₹847 crore, taking investor focus ahead of Monday's trading session. The Navratna PSU also reported solid Q1 FY27 earnings and maintained a robust order book of over ₹72,000 crore.
Bharat Electronics (BEL) shares declined over 3% after announcing Q1 FY27 results despite reporting healthy revenue and profit growth. Analysts remain optimistic, citing a strong order book and long-term defence sector growth.
In Q2 FY27 (quarter ended 30 Sept 2026), BHARAT ELECTRONICS LTD reported revenue of ₹7,328 cr and net profit of ₹1,540 cr. EPS stood at ₹2.11.
BHARAT ELECTRONICS LTD posted a net profit margin of 21.0% and an operating margin of 25.5% in Q2 FY27. On a trailing twelve-month basis, revenue is ₹30,253 cr and net profit ₹6,399 cr.
BHARAT ELECTRONICS LTD net profit changed +46.1% quarter on quarter, from ₹1,054 cr in Q1 FY27 to ₹1,540 cr in Q2 FY27.
The board of BHARAT ELECTRONICS LTD meets on 30 Oct 2026 to consider and approve the financial results, as per the exchange filing.
Our latest BEL results coverage — "Bharat Electronics Limited Q2 FY27 Results: Net Profit ₹1,540 cr" — breaks down revenue, profit, margins and management commentary.
For FY26, BHARAT ELECTRONICS LTD reported full-year revenue of ₹26,796 cr and net profit of ₹6,062 cr, with EPS of ₹8.29.
Past results dates for BEL will be listed here from the exchange calendar.
Results dates: NSE board-meeting calendar. Financial figures: Yahoo Finance fundamentals, not a direct exchange filing feed. Last successful data fetch 30 Oct 2026. Figures can be delayed; results change only when the provider publishes them. For information only, not investment advice.
