Key Financials
| Metric | Q2 FY26 | Q2 FY25 | YoY Change |
|---|---|---|---|
| PAT (Standalone) | ₹1,286 crore | ₹1,091.27 crore | +17.85% |
| Revenue from Operations | ₹5,763.65 crore | ₹4,583.41 crore | +25.75% |
| EBITDA | ₹1,695.6 crore | ₹1,388 crore | +22% |
| EBITDA Margin | 29.42% | 30.30% | ↓ 88 bps |
- H1 FY26 PAT: ₹2,255.26 crore vs ₹1,867.41 crore last year
- H1 FY26 Revenue: ₹10,180.48 crore vs ₹8,782.18 crore last year
Orders & Outlook
- Order Book (as of Oct 1, 2025): ₹74,453 crore
- The company continues to have a strong order pipeline supporting future growth.
Market Reaction
- BEL share price: Rose over 3% after Q2 results, intraday high ₹423.60, intraday low ₹408.30 on BSE
- Analysts note that the breakout above ₹420 lacks strong institutional participation and may face profit booking unless supported by higher volumes.
Analyst Commentary
- Anshul Jain (Lakshmishree):
- The stock’s second breakout attempt above ₹420 shows low conviction
- Weak institutional participation may lead to pullbacks or profit booking
- A decisive breakout requires sharp increase in trading volumes