Shares of Bharat Electronics Ltd (BEL) declined over 5% on April 2 after the PSU defence firm missed its FY25 order inflow guidance.
On April 1, BEL said it has achieved a turnover of around Rs 23,000 crore, which is 16% higher than year-ago period but lower than the company's projections of Rs 25,000 crore.
At 10:10 am on April 2, BEL shares on BSE were trading 5.3% lower at Rs 276.6 apiece. The 52-week high of the stock is Rs 240.5 and 52-week low is Rs 212.6. The market capitalisation of the stock is Rs 2.02 lakh crore.
"Navratna Defence PSU BEL has achieved a turnover of around Rs 23,000 crore (provisional and unaudited), during the Financial Year 2024-25, against the previous year's turnover of Rs 19,820 crore registering a growth of 16%. This includes Export sales of around $106 million during FY 2024-25, as against the previous year's export turnover of $92.98 million, registering a growth of 14%," said BEL in a stock exchange filing.
"In the fiscal year 2024-25, BEL secured orders worth Rs 18,715 crore. Some of the major orders received during the year are BMP II Upgrade, Ashwini Radar, Software Defined Radios, Data link, Multi-Function Radars, EON 51, Seekers, Anti drone system, Airport Surveillance Radar, Sonar Upgradation, Flycatcher spares, Radar upgradation, Spares and Services etc and other projects in Non-defence sector. With this, the total order book of BEL as on April 1st, 2025, stands at around Rs 71,650 crore, including Export Order Book of $359 million," added BEL.
Manoj Jain, Chairman & Managing Director, BEL, said: "BEL strives to attain self-reliance through enhanced Indigenisation efforts, Expansion and Modernisation, Outsourcing to Indian Industries including MSMEs & Start-ups. BEL has rolled out strategies to maximise its Global outreach and footprint in International market segments in the coming years. All these efforts will help BEL to retain its market leadership position in the Strategic Electronics sector."
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