The latest orders cover a wide range of products and services, including communication equipment, radars, avionics, tank subsystems, electro-optical systems and cyber security solutions.
BEL has also secured orders for perimeter security systems, medical electronics, electronic voting machines (EVMs), jammers, batteries, spares and related services.
The ₹730-crore order win is spread across several of BEL’s businesses rather than being tied to a single large defence contract.
The company did not disclose the customers, individual order values or execution timelines.
Orders span defence and non-defence businesses
Communication systems, radars, avionics and tank subsystems form part of BEL’s core defence electronics portfolio. Electro-optical systems are used in applications such as surveillance and target detection.
The latest contracts also include cyber security and perimeter security systems, while orders for medical electronics and EVMs add to BEL’s non-defence business.
The company will also supply spares and provide services under the contracts.
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Revenue rises 25% in June quarter
The latest orders come after BEL reported a 25.3% year-on-year rise in standalone revenue to ₹5,533 crore for the June quarter.
Net profit increased 8.8% to ₹1,054 crore, while EBITDA rose 12.1% to ₹1,389.2 crore.
However, the EBITDA margin narrowed to 25.1% from 28.1% a year earlier, as operating profit grew at a slower pace than revenue.
The numbers show that BEL continues to see strong revenue growth, although that growth has yet to translate into a similar increase in operating profitability.
BEL shares closed 1.14% lower at ₹408.55 on Wednesday.
