This Navratna PSU firm shares rise over 2.5%; here is why

The company, in an exchange filing, said: “Major orders include RF seekers, vessel and air traffic management systems, electro-optic repair facilities, radar upgrades, spares, services, etc.”

At 11:03 AM, shares of BEL were trading at ₹278.45, rising 2.81% on the National Stock Exchange. It was one of the most contributing stocks on the 50-share index.

In the last five trading sessions, the scrip has gained 3.77%. Since February 11, the stock is up 4.06%.

With this current order, BEL’s total accumulated order received in the ongoing financial year stands at ₹14,567 crore.

The Navratna firm had also announced an interim dividend of ₹1.50 per share for FY25 on Monday. The company has fixed Tuesday, March 11, as its record date, and the dividend will be paid within 30 days of declaration.

Last week, on March 6, the PSU firm had secured orders worth ₹577 crore. The major orders included airborne electronic warfare products, advanced composite communication systems for submarines, Doppler weather radar, train communication systems, radar upgrades, spares, services, etc.

The company’s overall order book stood at ₹71,100 crore on January 1, 2025. The company had earlier guided for nearly ₹25,000 crore worth of order inflow in FY25, out of which the company has just received orders worth ₹13,724 crore.

BEL had posted a 47.33% increase in its standalone net profit to ₹1,316.06 crore in the three-month period ended December 2024. In the year-ago period, the post-tax profit was at ₹893.30 crore.

Standalone revenue from operations rose 39.14% to ₹5,756.12 crore in the reporting quarter, compared to ₹4,136.69 crore in the same period last fiscal.

The PSU firm had achieved a turnover of ₹5,643.25 crore, reflecting a growth of 36.97% in Q3 FY24 over the turnover of ₹4,120.10 crore posted in the corresponding period of the previous year.

Its EBITDA (earnings before interest, taxes, depreciation, and amortisation) grew by 57.5% to ₹1,653.3 crore in the latest December quarter, compared to ₹1,049 crore in Q3 FY24. EBITDA margin was at 28.7% vs 25.4% a year back.