India's Bharat Electronics slides on Q4 margin contraction

Bharat Electronics

20/05/2026 07:55

** Shares of Bharat Electronics BAJE.NS fall 3% to 411 rupees on Q4 margin contraction despite higher profit, revenue

** State-owned aerospace and defense electronics co's Q4 EBITDA margin stood at 29.2%, 160 bps lower compared to a year ago, and 50 bps lower than Q3 - ICICI Securities

** BAJE's margin contracted mainly due to higher other expenses, analysts at Motilal Oswal said

** Co's other expenses jumped 36.5% to 11.17 bln rupees

** BAJE's Q4 consol profit rose 4.6% to 22.26 bln rupees ($229.9 mln), while rev from ops grew 11.7% and total expenses surged 14.5%

** Stock moved below its 200-day simple moving avg

** Avg rating of 27 analysts is "buy" and median PT is 509 rupees, ~24% higher than current price - data compiled by LSEG

** YTD, BAJE up ~3%

($1 = 96.8350 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)

 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))