Bharat Electronics (BEL) — concall transcript

📢 Key Event
BEL reported Q3 FY'24 revenue of INR11,485 crores, up 4.35% YoY, with PAT and EBITDA growth supported by a robust INR76,000 crores order book.

🔄 What Changed
Revenue growth guidance of 15% for FY'24 and order book of INR76,000 crores

🔮 What's Next
15% revenue growth targeting INR20,000 crores for FY'24

💡 Investor Takeaway
Strong order book and margin guidance support confidence in achieving FY'24 targets despite macro challenges.

BEL reported Q3 FY'24 revenue of INR11,485 crores, up 4.35% YoY, with PAT and EBITDA growth supported by a robust INR76,000 crores order book. Management reaffirmed 15% FY'24 revenue growth guidance to INR20,000 crores, citing strong defense order intake and government fast-tracking pre-elections. Delays from the Israel-Palestine conflict caused INR400-500 crores quarterly spillover, with INR500 crores expected in Q4. CAPEX remains at INR700-800 crores annually, and non-defense revenue is targeted to exceed 20%. Margins are guided at 42% gross and 23% EBITDA, with receivables at INR7,700 crores and cash at INR8,000 crores.

📄 View Original Announcement (PDF)

📊 Stock Analysis — BEL ✨ Ask AI About This

About Bharat Electronics Ltd (BEL)

Capital Goods · Aerospace & Defence · Listed on BSE

Market Cap: ₹2,96,411.53 Cr P/E: 48.3 ROE: 25.5% ROCE: 34.1% Div Yield: 0.62%

View full BEL stock details →

📡 Get AI alerts when BEL files next

Free • Daily 5 PM digest • Track filings, board meetings, and corporate actions

Track BEL — Free

💡 Ask AI about this filing

"How will the INR400-500 crores spillover impact Q4 revenue realization?" "What is the expected contribution of non-defense segments to total revenue by FY'26?" "When will the first QRSAM deliveries begin and how will revenue be recognized?"

Ask AI Free →

📊 More BEL filings

See all BEL filings →

🔥 Also filed on 31 December 2023

INDIGO Interglobe Aviation Ltd concall transcript

View all today's announcements →

Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

Editorial & Data Transparency Notice

This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

📡 Get AI alerts when BEL files new disclosures

Track BEL filings, board meetings, and corporate actions. Free email alerts at 5 PM.

Track BEL — Free

Free account · 2 AI queries/day

About · Privacy Policy · Terms of Service · Pricing

Today's Announcements · Screener · Insights · AI Chat

Data provided by CMOTS Internet Technologies Pvt Ltd