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Indian Defence Sector Attracts Investor Attention After Q3 Results
India’s defence sector is garnering investor interest following the release of Q3 FY26 results. Increased global geopolitical tensions and a 15.20% rise in India’s defence budget to ₹7.85 lakh crore are fueling optimism.
- HAL: Strong performance driven by healthy execution, 10.7% revenue growth, and 29.6% PAT increase YoY.
- BEL: Robust numbers with 23.7% revenue surge and 20.8% PAT growth YoY. Preferred buy due to strong momentum.
- Mazagon Dock: Weaker results, revenue down 6.8% YoY, and PAT down 13.6% YoY, but has a healthy order book.
- BDL: Concerning results; profits halved and margins narrowed. Considered a riskier bet.
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