Shares of Bharat Electronics Ltd (BEL) surged 2.25% to touch a day’s high of Rs 426.35 on 11th November. This occurred after the company announced on Monday, 10th November, that it had received additional orders worth Rs 792 crore. This was since its previous disclosure on 30th October, when it had reported orders worth Rs 633 crore.

Although BEL has not disclosed the name of the client, the company informed exchanges that it has received major orders for defence network upgrades, radio communication systems, radars, drones, combat management systems, gun sighting systems, and related spares and services.

Earlier, on 22nd October, the PSU had bagged a Rs 633 crore order from Cochin Shipyard. This was for supplying key items for sensors, weapon systems, fire control mechanisms, and communication equipment. It further strengthened its position as a leading defence technology provider.

As of 31st October, 2025, BEL’s total order book stood at Rs 14,750 crore. The company expects to reach around Rs 27,000 crore by the end of the financial year. This is supported by a strong pipeline of upcoming projects.

This includes the main Quick Reaction Surface-to-Air Missile (QRSAM) order, expected by March 2026. Other large projects include Shatrughat, Samaghat, NGC-related subsystems from shipyards, and an additional LCA order from HAL. Projects also include Shakti, GBMES, mountain radar, and HAMMER systems.

BEL remains on track to achieve its earlier guidance of over 15% revenue growth. Additionally, it expects more than 27% EBITDA growth for FY26, according to Chairman and Managing Director Manoj Jain.

The company also reported a robust performance for the quarter ended 30th September, 2025. Notably, net profit rose 18% year-over-year to Rs 1,286 crore. Revenue for the same period grew 26% to Rs 5,764 crore compared to Rs 4,583 crore last year.

At 12:36 PM, shares of BEL were trading 2.21% higher at Rs 426.05 on NSE.

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