Bharat Electronics (BEL) reported revenues at | 6908 crore, growth of 19% YoY (vs. I-direct estimate of | 6485 crore), on the back of normalising supply chain and execution business operations. For FY21, revenue came in at | 14063.8 crore up 8.8%, YoY. Absolute EBITDA for the quarter came in at | 1970.6 crore (vs. our estimate of | 1529.8 crore), up 32.9% YoY. EBITDA margin came in better than estimated at 28.5% (above our estimate of 23.6%) improving ~300 bps YoY, owing to reduced other operating expenses and employee expenses. Consequently, PAT came in at | 1352.4...