Bharat Electronics Order Inflow: Bharat Electronics Ltd shares extended losses for the second straight session on April 2. The stock has slipped over 6 per cent in the last two sessions to trade at an intraday low of Rs 274.45 apiece on the NSE.
The stock declined after the company missed its order inflow target for FY 24-2025. On April 1, the public sector company informed the exchanges that it had received total order inflows of Rs 18,715 crore for FY25.
The company’s order inflows are significantly lower than the Rs 25,000 crore order inflow target the public sector company’s management had projected during the Q3 FY25 earnings call. The company also mentioned in the exchange filing that its total order book stood at around Rs 71,650 crore, as of April 1.
Earlier on March 27, the company informed the exchanges that it had secured orders worth Rs 1385 crore. Notably, the orders received by the company are for radar spares, radar upgradation, electronic voting machines, simulators, advanced land navigation systems and stabilizer for tanks, fire control systems for ship-based decoys, communication equipment, other spares, services, etc.
BEL Revenue Growth
The public sector company also mentioned in an exchange filing dated April 1 that it has achieved a record turnover of nearly Rs.23000 crore (Provisional & Unaudited) in FY 2024-25. The company’s turnover for the current fiscal has increased by nearly 16 per cent compared to Rs.19,820 crore in the preceding fiscal. The company mentioned that the revenue also includes export sales of around $106 million during FY 2024-25. Notably the company’s export sales have also increased by 14 per cent from $92.98 million in the preceding fiscal.
Manoj Jain, Chairman & Managing Director of BEL, said in the exchange filing that the company plans to attain self-reliance through initiatives such as indigenisation efforts, expansion and modernisation.
"BEL strives to attain self-reliance through enhanced Indigenisation efforts, Expansion and Modernisation, and 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," the company said in the exchange filing.
BEL Share Price History
In a year shares of Bharat Electronics Ltd have gained over 31 per cent on the NSE. On a year-to-date basis, the stock has fallen over 4 per cent. In six months the stock has traded flat with a positive bias up by 0.57 per cent. In a month the company’s shares have surged over 13 per cent. In five days the stock has declined nearly 7 per cent on the NSE.
At the time of writing, shares of Bharat Electronics Ltd traded at Rs 280.55 apiece on the NSE, down by 3.92 per cent.
