Bharat Electronics Ltd. (BEL) shares traded higher on February 10 after the company secured multiple orders worth Rs 962 crore. At 9:22 AM, BEL shares were quoting Rs 281 on the NSE, up 1.4 percent from the previous session’s closing price.
Among the fresh orders, BEL has received a contract worth Rs 610 crore from the Indian Navy for supplying the Electro-Optic Fire Control System (EOFCS). The EON-51 system has been indigenously developed to search, detect, and classify targets using electro-optical and thermal imaging sensors. BEL said the system, which will be mounted on Indian Naval platforms, would enhance tracking and engagement of targets during day and night.
The Ministry of Defence has placed an order on BEL for 28 EON-51 systems, valued at Rs 642.17 crore, including taxes. The systems will be fitted on 11 offshore patrol vessels and three cadet training ships of the Indian Navy under the Buy (Indian-IDDM) category.
In addition to its last disclosure on January 28, 2025, BEL has also secured fresh orders worth Rs 352 crore. This includes orders for anti-drone systems, fuzes, integrated fire detection and suppression systems, vessel communication systems, spares, and services. BEL’s order book for the fiscal year now stands at Rs 11,855 crore with these fresh additions.
For the December quarter, Bharat Electronics reported a 37 percent year-on-year growth in revenue at Rs 5,643.25 crore. The company’s net profit rose 47 percent at Rs 1,316.06 crore. BEL’s EBITDA margin also expanded by 330 basis points year-on-year at 28.7 percent in Q3, surpassing its previous guidance of 23-25 percent over the past six to eight quarters.
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Source: Moneycontrol
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