BEL share price in focus: Citi has reiterated its ‘Buy’ rating on Bharat Electronics Ltd with a target price of Rs 515, citing improving growth visibility and steady order momentum. The brokerage highlighted that recent developments have turned incrementally positive, with the potential for Akashteer exports to the UAE adding a new dimension to BEL’s defence export opportunity, even as official confirmation remains pending.
BEL reported a 4.7 per cent year-on-year growth in its consolidated net profit to Rs 2,226 crore in the January-March quarter of FY26 against Rs 2,127 core posted in the same quarter of the previous financial year.
The revenue from operations increased 11.7 per cent YoY to Rs 10.224.4 crore in Q4 FY26 compared to Rs 9,149.5 crore in the year-ago period.
EBITDA came in at Rs 2,981.6 crore in the quarter under review, reporting a YoY growth of 5.9 per cent from Rs 2,816 crore posted in same period of the previous financial year. EBITDA margin contracted 160 bps to 29.2 per cent in Q4 FY26 against 30.8 per cent in the same quarter of the previous fiscal.
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