Analysts expect current orders to drive BEL’s revenue and earnings from fiscal 2018 onwards. According to ICICI Securities Ltd, BEL’s large order backlog will take more than two years for execution. Despite the company missing revenue forecasts, investors have driven up the stock 7% since it declared disappointing March-quarter earnings. The order inflows are expected to be strong this year, too. That said, the miss in revenue growth was somewhat compensated by strong margins and robust order inflows.

Source: Mint June 12, 2016 18:22 UTC