BEL Bharat Electronics Q2 FY26 results (Jul–Sep 2025) and concall
BEL posted strong H1 FY26 with 15.9% revenue growth and 30.2% EBITDA margins. Q2 standalone showed an impressive 26% revenue growth compensating for the weak Q1. QRSAM remains on track with RFP response already submitted. Management reiterated all guidance parameters including INR 57,000 crores total order inflow (incl QRSAM). Key new information included Kusha production order expected by December 2029, QRSAM execution timeline of 5-6 years, and INR 1,400 crore DSIC facility in Andhra Pradesh.
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What they filed
Q2 FY26: revenue up 25.8%, net profit up 17.9% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|
| Revenue | 4,583 | 5,756 | 9,120 | 4,417 | 5,764 +26% |
| EBITDA | 1,389 | 1,653 | 2,789 | 1,240 | 1,695 +22% |
| Net profit | 1,091 | 1,316 | 2,105 | 969 | 1,286 +18% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
