Bharat Electronics Q1 Review - Strong Quarter; Large Pipeline Gives Healthy Visibility: Prabhudas Lilladher

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Prabhudas Lilladher Report.We revise our FY25/26E earnings per share estimates of Bharat Electronics Ltd. by +3.5%/+4.3% factoring in healthy execution and better profitability and upgrade the rating to ‘Accumulate’ from Hold with a revised target price of Rs 341 (Rs 290 earlier). Bharat Electronics reported a strong performance in Q1 FY25 with 19.6% YoY revenue growth and Ebitda margin expansion of 338 basis points YoY to 22.3%. ~Rs 500 billion worth of order inflow is expected over the next two years (~Rs 250 billion each year) including programs such as ADFCR-ATULYA, Mi-17 EW suite, X-Band MFR for Next Generation Missile Vessels, Ground Based Mobile ELINT System, Long-Range Artillery, MRSAM and Multi-Function Surveillance and Threat Alert system for naval ships, etc. Quick Reaction Surface-to-Air Missile could add further Rs 250 billion plus to the order inflow in FY26. Healthy opportunities also exist in Su-30 upgrades with Hindustan Aeronautics Ltd., Uttam radars for LCA Mk1A, NETRA AEW&CS, ALNS MK-II, and Kavach for Railways. Easing up of Israel supply chain disruptions should aid execution, enabling the company to achieve its 15% revenue growth guidance in FY25..Click on the attachment to read the full report:.Bharat Electronics Q1 Results Review - Better Than Expected Performance: Motilal Oswal.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Bharat Electronics Q1 Review - Strong Quarter; Large Pipeline Gives Healthy Visibility: Prabhudas Lilladher

The brokerage remains positive on BEL’s long-term growth story.

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Bharat Electronics Q1 Review - Strong Quarter; Large Pipeline Gives Healthy Visibility: Prabhudas Lilladher

The brokerage remains positive on BEL’s long-term growth story.

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