rewrite this title and make it good for SEONavratna PSU set to report Q4 results today; here’s what investors can expect

Navratna PSU Bharat Electronics Ltd (BEL) Q4 FY25 Results Preview: Bengaluru-headquartered Bharat Electronics Ltd (BEL), a Navratna public sector undertaking (PSU), is set to report its financial results on Monday, May 19. Analysts expect BEL, a manufacturer and supplier of electronic equipment and systems, to stage an overall weak financial performance for the final three months of FY25, owing to a high revenue base in the corresponding period a year ago. 

BEL Q4 FY25 Earnings Preview | What to expect in Navratna PSU’s top-line and bottom-line?

According to Zee Business research, BEL is set to register a consolidated net profit of Rs 1,738 crore for the quarter ended March 31, which translates to a decline of 3.3 per cent compared with the year-ago period. The analysts expect its revenue to stand at Rs 8,867 crore, marking a rise of 3.5 per cent on a year-on-year basis. 

BEL Q4 Results Preview | How will the Navratna PSU perform operationally?

BEL is estimated to register a 3.1 per cent year-on-year decline in its earnings before interest, taxes, depreciation and amortisation (EBITDA) to Rs 2,216 crore, according to Zee Business research.

Its margin for the fourth quarter of FY25 is pegged at 25 per cent, a decline of 170 basis points (bps), according to the research.

ALSO READ: HAL, BEL, BDL, Paras Defence, Zen, Cochin Shipyard, GRSE: Is it time to cash in on the defence stock rally?

BEL Q4 Earnings Preview | Key things to watch out for

Zee Business analysts expect BEL’s margin to normalise after two back-to-back quarters of rise. 

A less favourable mix in orders may dent the PSU’s margin, they point out. 

For FY25, the company’s order book is estimated to be at Rs 18,500 crore, as against its guidance of Rs 25,000 crore.

BEL share price news

Earlier on Monday, BEL shares ended 0.1 per cent lower at Rs 363.6 apiece on BSE amid overall weakness on Dalal Street.

BEL shares have rewarded investors with a 23.5 per cent return in 2025 so far, sharply outperforming a 5.1 per cent gain in the headline Nifty 50 index.

Many analysts hold positive views on the stock given the government’s domestic manufacturing push and the increasing share of electronics in the defence space.

BEL is one of the top-performing PSU stocks in the past one year, with a return of 40.5 per cent. The Nifty PSU index has declined 3.5 per cent during this period. 

ALSO READ: Top Defence Stocks India: Mazagon Dock, Cochin Shipyard, Premier Explosives – Up to 24.5x returns in 3 Years