A CNBC-TV18 poll expects numbers to be better on a year-on-year basis. However, the sequential comparison does not present a similar picture.
Revenue growth for the quarter is seen at 15% from last year to ₹4,812 crore, while Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) may see growth of 26% from the year-ago period to ₹1,178 crore.
EBITDA margins may expand 218 basis points from last year, while net profit is likely to grow by 22% on a year-on-year basis.
However, on a sequential basis, the CNBC-TV18 poll is expecting a 47% revenue decline, EBITDA to see a drop of 58%, while margins to narrow by over 6 percentage points from the last quarter.
On a year-on-year basis, BEL’s revenue growth is likely to be led by healthy execution and a favourable product mix.
Here are some of the other key factors to watch out for in BEL’s results:
- Status of QRSAM and Project Kusha
- Execution of orders for LRSAM and EW projects
- Emergency procurement orders
- Incremental share of exports
- Working capital cycle
As of April 1, BEL’s order book position stood at ₹71,650 crore. Since the start of the new financial year, BEL has disclosed order inflows worth of ₹7,348 crore, which is 27% of their order inflow guidance for the full year, which stands at ₹27,000 crore, which excludes a Quick-Reaction Surface-To-Air Missiles order worth ₹30,000 crore.
BEL has also highlighted that it sees a pipeline worth ₹1 lakh crore over the next 18-24 months.
Shares of BEL are trading 2.8% lower at ₹384.1.
