Bharat Electronics’ Q2 was decent; path to growth has many levers1 min read . Updated: 01 Nov 2022, 11:17 AM IST
In the past 12-24 months, over 300 items have been added to the defence import embargo list through 2032. As such, BEL is a key beneficiary of indigenization. Apart from the defence sector, the company is also focusing on expanding the non-defence segment of its business
Bharat Electronics Ltd’s commentary in the September quarter (Q2FY23) earnings call, which was held on Monday, reaffirmed the bright outlook for the company. BEL (Bharat Electronics Ltd.) has maintained revenue growth guidance of 15% in FY23 but raised the lower end of Ebitda guidance to 22-23% from 21-23% earlier. Ebitda is earnings before interest, tax, depreciation and amortization. In Q2, this measure stood at nearly 22%.
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