BEL — BEL Q1 revenue jumps 25%, but order inflow slumps 51%; maintains FY27 guidance

Bharat Electronics (BEL) reported a 25% year-on-year revenue growth in Q1FY27, driven by strong execution of existing projects. However, new order inflows for the quarter fell sharply by 51% to ₹3,750 crore, bringing the total order book to ₹72,300 crore. Despite the weak start on orders, the defense PSU maintained its full-year guidance for 15% sales growth and new orders exceeding ₹55,000 crore, banking on a major QRSAM contract expected in Q2.