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Bloomberg Quint

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Bharat Electronics Secures Orders Worth Rs 572 Crore

  • Bharat Electronics secured additional orders worth Rs 572 crores, including AI-based solutions for ships, simulators, communication equipment, jammers, and spares.
  • The company's fourth-quarter profit rose 30% year-on-year to Rs 1,797 crore, with revenue increasing by 32% to Rs 8,564 crore in the January-March period.
  • As of April 1, Bharat Electronics' order book stood at Rs 76,000 crore, showing a 25.2% growth compared to the previous fiscal year.
  • Amid geopolitical tensions, defence stocks have surged, with Nifty India Defence index rising over 12% in the last three weeks, and Bharat Electronics adding Rs 29,970 crore in market cap.

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