Bharat Dynamics's Q3FY19 standalone net profit rises 2946.93% yoy to Rs188.30cr : Beats Estimates

The company’s standalone revenue stood at Rs1,037.96cr, up 26.2% yoy and 71.29% qoq.

Feb 14, 2019 09:02 IST India Infoline Research Team

Bharat Dynamics Q3FY19

Standalone Results Q3FY19: (Rs. in cr)

Q3FY19 YoY (%)
Revenue 1,037.96 26.2
EBITDA 312.23 602.1
EBITDA Margin (%) 30.1 2,467
Net Profit (adjusted) 188.30 2,946.9
***EBITDA margin change is bps
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.

Technical View:

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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