Bharat Dynamics Ltd reported subdued Q1FY19 numbers, however there was strong yoy improvement in EBITDA margin. Sales have decreased by 36.5% yoy to Rs548.4cr from Rs863.7cr. EBITDA has increased by 6.1% yoy to Rs123.5cr during the quarter from Rs116.4cr in Q1FY18. EBITDA margin improved by 905bps yoy to 22.5% in Q1FY19. Net profit de-grew by 19.3% yoy to Rs81.8cr.
• The decline in sales may be a result of higher revenue booking in Q4FY18.
• Raw material cost and other expenses declined by 49% yoy and 63% yoy respectively leading to EBITDA growth despite poor sales. Other income declined by 47% yoy to Rs22.1cr.
• Tax rate has increased from 28.3% to 36.3% in Q1FY19. This has resulted in yoy decline in net profit.
Bharat Dynamics Ltd is currently trading at Rs. 368.90, down by 8.65 points or 2.29% from its previous closing of Rs. 377.55 on the BSE.
The scrip opened at Rs. 381.50 and has touched a high and low of Rs. 384.30 and Rs. 361 respectively. So far 91,279 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.
Please use the temporary password sent on your email id or mobile no.
Update Mobile no.
Why you need to update your Mobile number ?
By providing verified mobile number we provide more exclusive information in the website.
Update Mobile no.
Terms & Conditions
By clicking on submit button, you authorize IIFL & its representatives & agents to provide information about various products, offers and services provided by IIFL through any mode including telephone calls, SMS, letters etc. . you confirm that laws in relation to unsolicited communication referred in National Do Not Call Registry as laid down by Telecom Regulatory Authority of India will not be applicable for such information/ communication.