Bharat Electronics Secures ₹730 Crore Order, Shares in Focus
· Business · LiveMint, Business Standard
Bharat Electronics Limited announced new domestic orders worth ₹730 crore in a regulatory filing on Wednesday. The fresh contracts cover communication equipment, radars, avionics, tank subsystems, and cybersecurity services. This follows previous order wins of ₹541 crore in August and ₹847 crore in late July. Despite strong order inflows, the company reported a mixed June quarter, with net profit rising 8.2 percent year-on-year to ₹1,048 crore but declining 52.4 percent sequentially from the March quarter. BEL's stock has rebounded nearly 5 percent in August following three consecutive months of decline.
Why it matters
The steady influx of defence contracts bolsters BEL's revenue visibility and shores up investor sentiment amid mixed quarterly earnings.
Read the original report — LiveMint
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