Archive · 30 Jan 2026
BEL Shares Dip Despite Strong Q3 Results
Bharat Electronics Ltd (BEL) is a company that makes defense equipment.
Recently, they announced their results for the third quarter of the financial year 2026.
Their revenue and profits went up by 24% and 21% respectively.
Despite these good results, their stock price went down by 2%.
Many experts still think the company is doing well and has a bright future.
They believe BEL will keep getting big orders and growing.
Some experts even think the stock price could go up by 25% or more.
However, there are some risks like delays in orders and higher costs that could affect the company's growth.
BEL's Q3 FY26 revenue increased by 24% to ₹7,121.98 crore.
Profit after tax (PAT) rose by 21% to ₹1,590.06 crore.
Shares declined by 2% to ₹444.50 despite strong financial performance.
Brokerages remain optimistic, with target prices ranging from ₹480 to ₹565.
Order inflows doubled year-on-year to ₹5,680 crore, with a total order book of ₹73,000 crore.
- Who
- Bharat Electronics Ltd (BEL)
- What
- Shares declined despite strong Q3 results
- When
- January 29, 2026
- Where
- National Stock Exchange (NSE)
- Why
- Strong execution, margin expansion, and robust order book
- Company
- Bharat Electronics Ltd (BEL)
- Stock Performance
- Down 2% at ₹444.50
- Revenue (Q3 FY26)
- ₹7,121.98 crore (up 24%)
- Profit After Tax (Q3 FY26)
- ₹1,590.06 crore (up 21%)
- Order Inflows (Q3 FY26)
- ₹5,680 crore (doubled YoY)
- Order Book (Q3 FY26)
- ₹73,000 crore (3x FY25 sales)
- Brokerage Targets
- ₹522 (CLSA), ₹565 (Jefferies), ₹556 (JP Morgan), ₹525 (Nuvama), ₹520 (Motilal Oswal), ₹480 (JM Financial)
- Management Guidance (FY26)
- ₹27,000 crore order inflows, 15%+ revenue growth, 27%+ operating margins