State-owned defence giant Bharat Electronics Limited (BEL) has officially announced the date for its upcoming board meeting to review the company's financial performance for the third quarter of the current fiscal year.
Board Meeting Scheduled for Late January
In a regulatory filing submitted to the stock exchanges on Wednesday, January 7, 2026, the Navratna public sector undertaking under the Ministry of Defence informed investors that its board of directors will convene on Wednesday, January 28, 2026. The primary agenda for this meeting is to consider and approve the Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended December 31, 2025 (Q3FY26).
Analysts Predict Robust Quarterly Performance
Market analysts are anticipating a strong set of numbers from the defence behemoth for the October-December 2025 quarter. A preview analysis by Nuvama Institutional Equities suggests BEL is poised to deliver mid-to-high-teen growth, supported by its massive order book.
The brokerage firm estimates that BEL's revenue could surge by approximately 18% year-on-year (YoY) and quarter-on-quarter (QoQ) to reach around ₹6,819.5 crore. The core profit after tax (PAT) is projected to rise to ₹1,487 crore, marking a solid growth of 13% YoY and 16% QoQ.
Nuvama also expects the company to maintain healthy operating profit margins (OPM) at about 28%, driven by improved operational efficiency and higher levels of indigenisation. The report highlighted that BEL has a history of surpassing market expectations and its own guidance on margins.
Strong Foundation from Previous Quarter and Order Book
The optimistic forecast for Q3 builds upon a solid performance in the previous quarter. For the second quarter of FY26 (Q2FY26), BEL reported a standalone PAT of ₹1,286 crore, a significant increase of 17.85% YoY. Its operational revenue for the same period grew by 25.75% YoY to ₹5,763.65 crore.
A key strength underpinning future growth is the company's substantial order pipeline. As of October 1, 2025, BEL's order book stood at a formidable ₹74,453 crore, providing clear revenue visibility.
Multibagger Stock Continues Its Stellar Run
BEL's shares have rewarded long-term investors handsomely, establishing themselves as a standout multibagger in the market. The stock has delivered a remarkable 45% return in the past year. Over extended periods, the performance is even more impressive, with gains of 320% over three years, 847% over five years, and a staggering 960% over a decade.
In the latest trading session, the defence stock demonstrated resilience by closing 0.63% higher at ₹415.60, bucking the weak overall sentiment in the Indian equity markets.
Disclaimer: This article is for informational purposes only. The views and recommendations mentioned are those of individual analysts or brokerage firms. Readers are advised to consult with certified investment experts before making any financial decisions.
