Shares of defence major Bharat Electronics (BEL) declined 3.5% to Rs 394 on the BSE on Tuesday after the company reported a consolidated net profit of Rs 1,054.53 crore for the first quarter of FY27, up nearly 9% year-on-year (YoY) from Rs 969.91 crore in the corresponding period last year.
On a sequential basis, however, net profit declined nearly 52% from Rs 2,225 crore reported in Q4 FY26. Revenue from operations rose around 25% YoY but fell 46% QoQ to Rs 5,546.98 crore in the April-June quarter of FY27.
