BEL‘s share price was in the red on Friday morning ahead of the release of its financial results for the quarter ended September.

What To Expect: PhillipCapital expects BEL to post a strong 23% year-on-year growth in standalone sales for Q2FY25, supported by an uptick in execution. The brokerage anticipates EBITDA margins to remain stable, while net profit growth is likely to benefit from higher other income, driven by BEL’s solid net cash position.

Motilal Oswal anticipates BEL's Q2 revenue to grow by 18% year on year, driven by strong execution of its record order book, which currently stands at ₹76,700 crore billion. The brokerage expects a margin contraction of around 190 basis points to 23.3%, compared to a high base in Q2FY24, noting that BEL's margins can fluctuate due to the project mix.

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The average revenue estimate across analysts is ₹4,766.4 crore, with an average profit estimate of ₹896.0 crore. The company reported a revenue of ₹3,993.3 crore with a net profit of ₹812.3 crore in the same quarter last year.

Nirmal Bang highlighted BEL's recent strategic milestones, including the delivery of 100 control centers for the Akashteer Air Defence System ahead of schedule, under a significant ₹1,900 crore order. BEL also made its entry into the space domain through a partnership with Canada's Reliasat Inc. to co-develop space products.

Price Action: BEL’s share price was down 1.64% to trade at ₹266.90 shortly after market open on Friday.

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