Bharat Electronics reports 9% rise in Q1 net profit; aims for zero module imports in five years, says CMD Manoj Jain
Manoj JainBharat Electronics Limited

Bharat Electronics reports 9% rise in Q1 net profit; aims for zero module imports in five years, says CMD Manoj Jain

Bharat Electronics reported a 9% increase in Q1 net profit and aims for zero module imports within five years, according to CMD Manoj Jain. The company plans to indigenise all subsystems except semiconductors, with over ₹2,200 crore allocated for R&D and ₹1,200 crore for capital expenditure.

Moneycontrol.com27 July 2026 · 15:00 UTC
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Bharat Electronics has reported a 9% rise in Q1 net profit, reflecting strong performance amid ongoing efforts to enhance domestic manufacturing capabilities. CMD Manoj Jain emphasized the company's commitment to achieving zero imports of modules within five years, excluding semiconductors.2

"Our aim is that in the next five years there should be zero import of any module. Barring semiconductor components, all other subsystems that we are importing as modules will be indigenised," Jain stated. This initiative is part of a broader indigenisation policy that the company is set to formally announce, which includes allocating special budgets to support this drive.

To bolster its manufacturing infrastructure, Bharat Electronics has guided for a capital expenditure of over ₹1,200 crore in FY27. Additionally, the company is investing more than ₹2,200 crore towards R&D for niche technology development, indigenisation, and collaborative research, indicating a robust strategy to enhance its technological capabilities and reduce dependency on imports.5

The focus on indigenisation aligns with the government's push for self-reliance in defense and technology sectors, positioning Bharat Electronics as a key player in this transformative phase.

Key Insight
“BEL is allocating over ₹2,200 crore towards R&D for niche technology development and has guided for capital expenditure of more than ₹1,200 crore in FY27 for manufacturing infrastructure. The company is also receiving strong support from the industry for its indigenisation drive.”
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1
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“The company plans to replace imported RF (radio frequency), microwave, computing and other subsystem modules with indigenous alternatives”
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