Bharat ElectronicsNSE: BELBSE: 500049Capital Goods · Aerospace & DefenseBharat Electronics Quarterly Results
In Mar 2026, Bharat Electronics reported revenue of ₹10,224 crore (up 42.9% on the prior quarter) and net profit of ₹2,225 crore (up 40.9%). 28 reported quarters are tabulated below.
- Latest quarter revenue
- ₹10,224 Cr
- EBITDA
- ₹2,982 Cr
- Operating margin
- 29.16%
- Profit after tax
- ₹2,225 Cr
- Net margin
- 21.76%
- EPS
- ₹3.04
- Latest quarter
- Mar 2026
- Quarters reported
- 28
Bharat Electronics quarterly results
Reported quarterly performance for Bharat Electronics, oldest to newest. Figures in ₹ crore unless a row states otherwise.
| Line item | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 3,533 | 4,009 | 4,162 | 8,564 | 4,244 | 4,605 | 5,771 | 9,150 | 4,440 | 5,792 | 7,154 | 10,224 |
| Sales Growth YoY % | 12.49% | 1.2% | 0.22% | 32.18% | 20.11% | 14.86% | 38.65% | 6.84% | 4.62% | 25.78% | 23.97% | 11.75% |
| Other Income | 140 | 137 | 167 | 225 | 204 | 158 | 186 | 195 | 163 | 154 | 139 | 110 |
| Total Income | 3,673 | 4,146 | 4,330 | 8,790 | 4,447 | 4,763 | 5,957 | 9,344 | 4,603 | 5,946 | 7,292 | 10,335 |
| Cost of Goods Sold (COGS) | 1,990 | 2,044 | 2,132 | 4,411 | 2,315 | 2,142 | 2,981 | 4,749 | 2,076 | 2,839 | 3,825 | 5,294 |
| Cost of Materials Consumed | 1,827 | 1,930 | 2,188 | 4,564 | 2,557 | 2,416 | 3,176 | 4,429 | 1,961 | 3,014 | 4,113 | 4,794 |
| Purchases of Stock-in-Trade | 97 | 178 | 176 | 178 | 67 | 85 | 104 | 174 | 99 | 104 | 167 | 379 |
| Changes in Inventories | 66 | -65 | -232 | -331 | -308 | -360 | -299 | 145 | 16 | -279 | -455 | 121 |
| Gross Profit | 1,543 | 1,965 | 2,031 | 4,153 | 1,928 | 2,463 | 2,789 | 4,401 | 2,364 | 2,954 | 3,329 | 4,930 |
| Gross Margin % | 43.67% | 49.02% | 48.79% | 48.5% | 45.44% | 53.49% | 48.34% | 48.1% | 53.24% | 50.99% | 46.54% | 48.22% |
| Total Operating Expenses | 870 | 951 | 958 | 1,866 | 980 | 1,063 | 1,120 | 1,585 | 1,125 | 1,251 | 1,202 | 1,949 |
| Employee Benefit Expense | 629 | 598 | 625 | 637 | 667 | 656 | 672 | 766 | 696 | 768 | 820 | 831 |
| Other Expenses | 242 | 353 | 333 | 1,229 | 314 | 407 | 448 | 819 | 429 | 484 | 382 | 1,117 |
| EBITDA | 673 | 1,014 | 1,073 | 2,287 | 948 | 1,400 | 1,669 | 2,816 | 1,238 | 1,702 | 2,127 | 2,982 |
| OPM % | 19.04% | 25.3% | 25.77% | 26.71% | 22.34% | 30.4% | 28.93% | 30.78% | 27.89% | 29.39% | 29.74% | 29.16% |
| Total Non-Operating Expenses | 110 | 110 | 108 | 123 | 109 | 113 | 112 | 143 | 122 | 128 | 137 | 175 |
| Depreciation & Amortisation | 109 | 108 | 107 | 119 | 108 | 111 | 111 | 138 | 121 | 126 | 135 | 173 |
| Finance Costs | 1 | 2 | 1 | 4 | 1 | 1 | 1 | 6 | 1 | 2 | 2 | 2 |
| Profit Before Tax (PBT) | 703 | 1,041 | 1,132 | 2,390 | 1,043 | 1,445 | 1,744 | 2,867 | 1,279 | 1,728 | 2,128 | 2,917 |
| Tax Expense | 174 | 261 | 284 | 604 | 262 | 361 | 442 | 746 | 319 | 450 | 558 | 703 |
| Current Tax | 174 | 324 | 284 | 668 | 285 | 383 | 480 | 619 | 353 | 418 | 567 | 726 |
| Deferred Tax | 0 | -63 | 0 | -64 | -23 | -22 | -38 | 127 | -34 | 31 | -9 | -23 |
| Effective Tax % | 24.78% | 25.04% | 25.07% | 25.29% | 25.12% | 25% | 25.37% | 26.03% | 24.91% | 26.02% | 26.22% | 24.1% |
| Total Profit for Period | 539 | 790 | 860 | 1,797 | 791 | 1,093 | 1,312 | 2,127 | 969 | 1,287 | 1,580 | 2,226 |
| Less: Non-controlling Interests | 0 | 0 | 1 | -0 | 0 | 0 | 1 | -0 | -1 | -1 | 1 | 1 |
| Net Profit (Owner's PAT) | 539 | 789 | 860 | 1,797 | 791 | 1,092 | 1,311 | 2,127 | 970 | 1,288 | 1,579 | 2,225 |
| Net Profit Margin % | 15.25% | 19.69% | 20.65% | 20.98% | 18.65% | 23.72% | 22.72% | 23.25% | 21.85% | 22.23% | 22.07% | 21.76% |
| PAT Growth YoY % | 47.3% | 26.55% | 40.22% | 30.04% | 46.91% | 38.4% | 52.51% | 18.36% | 22.57% | 17.88% | 20.45% | 4.62% |
| Earnings Per Share (EPS) | ₹0.74 | ₹1.08 | ₹1.18 | ₹2.46 | ₹1.08 | ₹1.49 | ₹1.79 | ₹2.91 | ₹1.33 | ₹1.76 | ₹2.16 | ₹3.04 |
| Diluted Shares Outstanding (Cr.) | 731 | 731 | 731 | 731 | 731 | 731 | 731 | 731 | 731 | 731 | 731 | 731 |
| Profit/Loss from Associates | 10 | 9 | 12 | 11 | 10 | 9 | 10 | 6 | 8 | 9 | 10 | 12 |
| Other Comprehensive Income (Net of Tax) | 60 | 6 | -36 | -87 | 52 | -17 | 46 | -74 | 18 | -25 | 50 | -7 |
| Expenses | 2,970 | 3,105 | 3,198 | 6,399 | 3,404 | 3,317 | 4,213 | 6,477 | 3,324 | 4,218 | 5,164 | 7,417 |
| Material Cost % | 51.71% | 48.15% | 52.56% | 53.29% | 60.24% | 52.47% | 55.04% | 48.41% | 44.17% | 52.04% | 57.49% | 46.89% |
| Employee Cost % | 17.79% | 14.93% | 15.02% | 7.44% | 15.71% | 14.25% | 11.64% | 8.37% | 15.69% | 13.26% | 11.46% | 8.13% |
| Other Cost % | 6.84% | 8.8% | 8% | 14.35% | 7.39% | 8.84% | 7.76% | 8.95% | 9.66% | 8.35% | 5.34% | 10.93% |
| Interest Coverage (x) | 526.7 | 599.94 | 1,892.24 | 535.48 | 712.31 | 976.33 | 1,180.73 | 457.08 | 776.03 | 954.96 | 981.18 | 1,744.53 |
Showing the most recent 12 of 28 reported periods.
Bharat Electronics revenue and profit trend
Reported quarterly revenue and net profit, oldest to newest. Two panels because the two measures live on different scales — one shared axis would distort both.
How this is calculated
Figures are as reported to NSE/BSE by the company. Consolidated is shown where the company reports it, standalone otherwise; the basis is labelled on the table. Growth is computed against the same quarter of the previous year (YoY) and the immediately preceding quarter (QoQ).
Index membership reflects the Nifty 100 as published by NSE Indices, effective 2026-03-30.
Bharat Electronics: frequently asked questions
What was Bharat Electronics's revenue in Mar 2026?
Bharat Electronics reported revenue of ₹10,224 crore in Mar 2026, up 42.9% on the previous quarter.
What was Bharat Electronics's profit in Mar 2026?
Bharat Electronics reported a net profit of ₹2,225 crore in Mar 2026, up 40.9% on the previous quarter.
What is Bharat Electronics's EPS?
Bharat Electronics reported earnings per share of ₹3.04 for Mar 2026.
What is Bharat Electronics's operating margin?
Bharat Electronics's operating margin for Mar 2026 was 29.16%.
When did Bharat Electronics last report results?
The most recent reported quarter shown here is Mar 2026. 28 quarters of history are tabulated on this page.
Are these figures consolidated or standalone?
Consolidated figures are shown wherever the company reports them, and standalone otherwise. The basis in use is labelled on the statement table.
More Bharat Electronics data
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