- BEL shares surged over 4% to a fresh 52-week high of Rs 379.7 on Wednesday.
- Brokerage firm Nuvama retained ‘Buy’ rating and raised target price from Rs 385 to Rs 430.
- Strong Q4 results:
- Net profit rose 18% YoY to Rs 2,127 crore (Q4FY25 vs Q4FY24).
- Revenue increased 7% YoY to Rs 9,150 crore.
- Total income for the quarter: Rs 9,344.23 crore vs Rs 8,789.51 crore last year.
- Sequential growth:
- PAT jumped 62% from Rs 1,312 crore in Q3FY25.
- Revenue surged 59% from Rs 5,771 crore in Q3FY25.
- EBITDA grew 23.2% YoY to Rs 2,816 crore, with margins rising to 30.8% from 26.7%.
- Q4 margins beat expectations at 30.6% vs Street’s 24.7% estimate.
- Management maintains guidance:
- 15% revenue growth.
- 27% operating profit margin.
- Nuvama sees more positive triggers than risks, expecting potential re-rating due to:
- Timely execution of large orders.
- Improved operational performance.
- Continued profitability outperformance against Street estimates.
