BEL shares fall over 4% after Q1FY27 results, brokerages retain bullish view
The stock traded at ₹395 on the NSE at 9.56 am, after hitting a day’s low of ₹392.10, compared with the previous close of ₹407.15
Bharat Electronics' shares fell more than 4% after the company's first quarter fiscal year 2027 results were released on Tuesday. The stock closed down 4.46% at ₹389, down from the previous close of ₹407.15. The company reported a standalone profit after tax (PAT) of ₹1,048.33 crore in Q1FY27, up 8% from ₹969.13 crore in Q1FY26.
Revenue from operations grew 25.2% to ₹5,533.06 crore in the quarter, up from ₹4,416.83 crore in Q1FY26. Analysts from CLSA, Jefferies, Goldman Sachs, JP Morgan, and Nomura all maintained or raised their ratings on the stock, with target prices ranging from ₹454 to ₹550. While revenue growth was strong at 25%, margins were pressured in Q1FY27, with EBITDA margin falling short of expectations.
Despite this, analysts remain bullish on the company, citing strong order inflows and potential growth in FY27.
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