Key Financial Figures - Standalone (₹ in lakhs)
Quarter Ended 30 September 2026:
- Revenue from operations: ₹7,29,087
- Other income: ₹19,043
- Total income: ₹7,48,130
- Profit before tax: ₹2,06,404
- Tax expense: ₹52,331
- Profit after tax: ₹1,54,073
- Earnings per share (basic & diluted): ₹2.11
Half Year Ended 30 September 2026:
- Revenue from operations: ₹12,82,393
- Other income: ₹35,782
- Total income: ₹13,18,175
- Profit before tax: ₹3,46,687
- Tax expense: ₹87,781
- Profit after tax: ₹2,58,906
- Earnings per share (basic & diluted): ₹3.54
Key Financial Figures - Consolidated (₹ in lakhs)
Quarter Ended 30 September 2026:
- Revenue from operations: ₹7,32,772
- Other income: ₹18,713
- Total income: ₹7,51,485
- Profit before tax: ₹2,05,411
- Tax expense: ₹52,278
- Profit after tax: ₹1,53,133
- Earnings per share (basic & diluted): ₹2.11
Half Year Ended 30 September 2026:
- Revenue from operations: ₹12,84,870
- Other income: ₹35,669
- Total income: ₹13,20,539
- Profit before tax: ₹3,45,036
- Tax expense: ₹87,513
- Profit after tax: ₹2,57,523
- Earnings per share (basic & diluted): ₹3.55
Order Book Position
The order book position as on 1 October 2026 stood at ₹68,717 crore.
Subsidiaries and Associates Included in Consolidation
Subsidiaries:
- BEL Optronic Devices Limited (100% shareholding)
- BEL-Thales Systems Limited (74% shareholding)
Associates (equity method):
- GE BE Private Limited (26% Shareholding)
- BEL IAI Aerosystems Private Limited (40% Shareholding)
Auditor Review
The unaudited financial results were subject to limited review by statutory auditors Rao & Emmar Chartered Accountants (Firm Registration Number: 003084S). The review reports dated 30 October 2026 expressed no modifications.
Israel Conflict Impact Assessment
The company analyzed existing contracts/agreements with companies based in Israel and concluded there is no material financial impact as of the results date.
Board Approval
The financial results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 30 October 2026 from 02:00 PM to 04:40 PM.
Press Release Highlights
- 26% growth in revenue from operations during Q2 FY27 (₹7,291 crore vs ₹5,764 crore YoY)
- 25.97% growth in revenue from operations during H1 FY27 (₹12,824 crore vs ₹10,180 crore YoY)
- 14.65% growth in profit before tax during H1 FY27 (₹3,467 crore vs ₹3,024 crore YoY)
- 14.81% growth in profit after tax during H1 FY27 (₹2,589 crore vs ₹2,255 crore YoY)
Capital Structure
Paid-up equity share capital remained unchanged at ₹73,098 lakhs (73,09,80,000 equity shares of ₹1/- each).