Bharat Dynamics Limited reported strong results for Q3FY19. Total revenues from operating activities witnessed a strong growth of 26.2% yoy to Rs1,038cr as compared to Rs822.5cr in Q3FY18. Operating profit came Rs312.2cr as against Rs44.5cr in Q3FY18. EBITDA margin swelled from 5.4% in Q3FY18 to 30.1% in Q3FY19. Profit for the quarter was Rs188.3cr as compared to Rs6.2cr for the same quarter last year.
Bharat Dynamics Ltd is currently trading at Rs. 224, down by 6.3 points or 2.74% from its previous closing of Rs. 230.30 on the BSE.
The scrip opened at Rs. 230.10 and has touched a high and low of Rs. 230.20 and Rs. 224 respectively. So far 33,339 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.
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