Stockrabit · Analysts
Questions across 22 calls

Jyoti Gupta

Nirmal Bang

Bharat Electronics Limited

Bharat Electronics Limited CC-Jun25.pdf ·
Good set of numbers. I have two questions. One is relating to export component in revenue. How is that likely to look -- how is it going to look like in the next five years? Is it going to increase? And second is, we are talking about missiles, but LCA Mark I, where this -- the CMD of HAL said that we would finish fi ve LCAs . But it looks like we've received two engines in July, and we expected to receive roughly around 12. And my sense is, best - case scenario, we should be complete with seven LCAs. So, what would be a contribution in terms of from the LCAs this year? How will that impact your margins or revenue from the HAL platforms?
Yes.
Bharat Electronics Limited CC-Nov25.pdf ·
Great set of numbers. I have 2 questions. One is, I believe FY '26, we should close our EBITDA margins with close to 28% plus because that's what I've assumed consi dering the kind of order books you have ? And second, it's actually a 2 - way question. One is the recent LCA Mark 1, which was delivered by -- delivered to Indian Air Force was basically sort of rejected saying that there were some spoilers in the avionics a nd the radar from Israel, is possibly inadequate. Does that mean that we have -- since we know that the first batch of 41 LCA was supposed to have Israeli - built ELINT AESA radars ? S o now do we stand to gain from this that we would now be integrating our AE SA radars, which, of course, you are actually producing? And second is, what concerns are there in the avionics part for the LCA Mark 1, which led to this kind of discomfort within the Indian Air Force for LCA Mark …
Ye s, sir.