Websol Energy System Limited reported a robust performance for Q3 FY26, with revenue from operations surging 77% year-on-year to ₹261.02 crore. Net profit for the quarter reached ₹64.98 crore, a 56% increase compared to ₹41.56 crore in the same period last year. The company also showed strong sequential growth, with profit before tax rising 40% from the previous quarter. Additionally, the company completed a 1:10 stock split during the quarter, making the shares more accessible to retail investors.

Bharat Electronics Limited (BEL) reported a strong performance for the nine-month period ending December 2025, with revenue growing 19% YoY to INR 17,302 crores. Profit After Tax (PAT) increased by 21% to INR 3,845 crores, supported by an improved EBITDA margin of 30%. The company maintains a robust order book of INR 73,450 crores and expects significant inflows from the QRSAM project (INR 30,000-32,000 crores) and NGC orders in the near term. Management has maintained its full-year EBITDA margin guidance at 27% despite the current outperformance due to anticipated changes in the product mix.

Bharat Electronics Limited (BEL) reported a strong standalone revenue of ₹7,121.98 crore for the quarter ended December 31, 2025, compared to ₹5,756.12 crore in the corresponding quarter of the previous year. For the nine-month period, standalone revenue reached ₹17,302.46 crore, marking a significant growth over the ₹14,538.30 crore recorded in the same period last year. While the core operations show robust growth, the company's subsidiaries reported a net loss of ₹3.21 crore for the nine-month period. Additionally, the company noted six vacancies for Independent Directors on its board, which are pending government appointments.

Orient Bell Limited reported a steady 3.6% YoY growth in Q3FY26 revenue to ₹168.8 crore, while Net Profit (PAT) jumped 245.5% to ₹3.4 crore. The company achieved significant margin expansion, with EBITDA margins rising 150 bps YoY to 6.4%, driven by a 4.5% reduction in production costs. OBL maintains a robust balance sheet with near-zero net debt (₹0.1 crore) and a healthy cash conversion cycle of 31 days. Product premiumization is evident as vitrified tiles now contribute 61% of total sales.

Orient Bell Limited reported a robust performance for Q3 FY26, with net profit jumping 244% YoY to ₹3.00 crore compared to ₹0.87 crore in the same period last year. Revenue from operations grew steadily by 3.5% YoY to ₹166.44 crore. The company's nine-month performance shows a massive turnaround, with PAT rising to ₹5.04 crore from just ₹0.06 crore in the previous year. This growth was driven by improved operational efficiencies and better management of total expenses despite rising power and fuel costs.

Orient Bell Limited reported a strong bottom-line performance for Q3 FY26, with standalone net profit surging to ₹3.00 crore from ₹0.87 crore in the same quarter last year. While revenue growth remained modest at 3.5% YoY reaching ₹166.44 crore, the company achieved significant margin expansion. For the nine-month period ended December 2025, the company recorded a net profit of ₹5.04 crore, marking a massive recovery from the ₹0.06 crore reported in the previous year. This turnaround highlights improved operational efficiency and better cost management despite a challenging demand environment.

M & B Engineering Limited (MBEL) has bagged a significant domestic order valued at INR 47.66 Crores plus GST. The contract involves the design, engineering, manufacturing, and supply of Pre-Engineered Buildings (PEB) and structural steel. A portion of the order, worth INR 7.09 Crores, will be executed by its wholly-owned subsidiary, Phenix Building Solutions Private Limited, for erection services. The project is expected to be completed within a short timeframe of approximately 5 months, providing immediate revenue visibility.

Bharat Electronics Limited (BEL) has announced the acquisition of new orders totaling Rs. 610 Crore. These orders, received since January 8, 2026, span various segments including communication equipment, medical electronics, and thermal imagers. As a leading Navratna Defence PSU, this continuous order flow strengthens BEL's revenue visibility for the upcoming quarters. The inclusion of services and spares also indicates a diversified revenue stream beyond just hardware sales.

Belrise Industries has acquired specialized aerospace-related equipment through its subsidiaries for a total consideration of Euro 350,000. The acquisition was made via a liquidation process of the French company SAS Société Dupuis Mécanique, following an order by the Commercial Court of Arras, France. This strategic move is designed to facilitate the company's immediate entry into the aerospace and defense sectors. By leveraging these assets, Belrise aims to establish partnerships with existing European aerospace OEMs and Tier-1 suppliers.

M & B Engineering Limited (MBEL) has secured a significant domestic contract valued at INR 63.50 Crores plus GST for the design and supply of Pre-Engineered Buildings (PEB). The order includes a specific component of INR 12.34 Crores for erection services to be executed by its wholly-owned subsidiary, Phenix Building Solutions Private Limited. This contract is expected to be completed within a short timeframe of 8.5 months. The win strengthens the company's order book and provides clear revenue visibility for the upcoming quarters.

Websol Energy System has received formal approval from the Andhra Pradesh government for a 4 GW solar cell and module greenfield expansion project at MPSEZ Naidupeta. The project includes a 100 MW captive solar power plant to optimize operating costs and ensure reliable energy access. The government has granted a comprehensive incentive package including capital investment subsidies, power tariff reimbursements, and land allotment. This expansion represents a massive scale-up from the company's current 1.2 GW cell and 0.55 GW module capacity.

Bharat Electronics Limited (BEL) has announced the receipt of additional orders worth Rs. 596 crore, secured since its last disclosure on January 1, 2026. The new contracts encompass a range of high-tech defence equipment, including drone detection and jamming systems and mobile communication terminals. Additionally, the orders cover software solutions, equipment upgrades, spares, and various services. This steady inflow of orders underscores BEL's dominant position in the domestic defence electronics market and strengthens its revenue visibility for the coming quarters.

Bharat Electronics Limited (BEL) has announced the receipt of additional orders totaling Rs. 569 Crore as of January 1, 2026. These orders were accumulated in the short period since the company's last disclosure on December 29, 2025. The scope of work includes communication equipment, medical electronics, and fire detection and suppression systems. This continuous order flow further strengthens BEL's robust order book and provides clear revenue visibility for the upcoming quarters.

CRISIL Ratings Limited has assigned a 'BBB+/Stable' rating to Websol Energy System Limited's credit facilities totaling Rs 150 crore. The rating covers a Term Loan of Rs 135 crore and a Cash Credit facility of Rs 15 crore. This investment-grade rating indicates a moderate degree of safety regarding timely servicing of financial obligations. The 'Stable' outlook suggests that the company's credit profile is expected to remain steady in the near term.

Bharat Electronics Limited (BEL) has secured additional orders worth Rs. 569 Crore since its last disclosure on December 12, 2025. The orders cover a diverse range of defense equipment including radars, tank overhauls, communication equipment, and fire control systems. This continuous inflow of orders reinforces BEL's strong position in the Indian defense sector and enhances its revenue visibility. The inclusion of services, spares, and security software suggests a healthy mix of high-margin business within these new contracts.

Websol Energy System Limited has received a favorable ruling from the Commissioner of Income Tax (Appeals), Kolkata, regarding a tax dispute for Assessment Year 2017-18. The original assessment had raised a significant tax demand of Rs 73.04 crore due to additions of Rs 184.99 crore under Section 115JB and other expense disallowances. The company had previously classified this demand as a contingent liability in its financial statements. Following this successful appeal, the tax demand is no longer payable, effectively removing a major financial overhang.

Belrise Industries has entered into a three-year exclusive strategic agreement with Israel-based Plasan SASA to target the Indian defense market. The partnership focuses on the ATEMM (All-Terrain Electric Mission Module), a self-propelled electric platform for military use. Belrise, which reported revenues exceeding INR 8,000 crore in March 2025, will also integrate into Plasan's global supply chain as a prime source for sub-systems. This move aligns with 'Make in India' initiatives and diversifies the company's revenue streams into high-growth defense technology.

Belrise Industries has announced the incorporation of a new step-down wholly-owned subsidiary, Belrise SDM, based in Lille, France. The entity is established through the company's Indian subsidiary, Belrise Defence & Aerospace Private Limited, with an initial share capital of 100,000 Euros. This new unit will focus on advanced engineering, electronics, and software technologies specifically for the defense, space, and aerospace sectors. The move aligns with the company's core business while expanding its international footprint in high-tech industries.