Bharat Electronics Limited — Q1FY27 earnings call summary

Filed 28 July 2026 · Official transcript

Capex guidance INR1,200+ Cr; R&D investment over INR2,200 Cr for FY27
Employee cost to turnover expected around 12% despite upcoming pay revision
EBITDA margin for Q1 at 25.83%; FY27 margin guidance maintained at 28%
Multiple analyst queries on order inflows and margin variability; management confident on guidance
Q1 FY27 revenue grew 25.27% y-y to INR5,533 Cr; PAT up 8.17% to INR1,048 Cr
FY27 revenue growth guidance at 15%; confident to meet or exceed this
Indigenization target: zero import of modules/sub-modules in 5 years
Order book at INR72,258 Cr as of July 1, 2026; Q1 order inflow INR3,754 Cr