Mild Bullish on BEL for this quarter

Bharat Electronics Ltd (BEL) is a Navaratna enterprise having 37% market share in Indian Defence Electronics. BEL's core capabilities are in radar & weapons systems, defence communication & electronic warfare. Q2FY22 Revenue & PAT grew by 15% & 54% YoY led by strong execution. EBITDA margin expanded by 380bps YoY to 23.4% on account of scale benefits and lower expenses. Order back log is at Rs54,627cr (4x FY21 sales).
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Declinazione di responsabilità