Bharat Dynamics’ net profit in March quarter up y-o-y by 89%

31 May 2024 , 12:32 PM

Bharat Dynamics Ltd reported an 89% year-on-year (YoY) increase in net profit to ₹288.8 Crore for the fourth quarter ending March 31, 2024.

In Q1 FY23, Bharat Dynamics reported a net profit of ₹152.8 Crore, according to a regulatory filing. The company stated that its revenue from operations climbed by 7% to ₹854.1 Crore from ₹798.3 Crore last year.

In the fourth quarter of this fiscal year, EBITDA increased by 72.6% to ₹316.5 Crore compared to ₹183 Crore in the same period last year.

The EBITDA margin was 37.1% in the reporting quarter, compared to 23% in the fourth quarter of FY23. EBITDA means earnings before interest, taxes, depreciation, and amortisation.

The board has recommended a final dividend of ₹0.85 per share (face value of ₹5) for the year ending March 31, 2024. This dividend, if authorised by shareholders at the next annual general meeting, will be paid within 30 days following the meeting.

Bharat Dynamics Limited (BDL), headquartered in Hyderabad, was established on July 16, 1970, as a Public Sector Undertaking under the Ministry of Defence, Government of India, to manufacture guided missile systems and related equipment for the Indian Armed Forces.

BDL has four manufacturing units, three in Telangana (Bhanur, Hyderabad, and Ibrahimpatnam) and one in Andhra Pradesh (Visakhapatnam). As part of its growth plan, BDL is establishing one facility in Amravati, Maharashtra, to meet the expanding demands of the Armed Forces.

At around 12.28 PM, Bharat Dynamics was trading 2.29% lower at ₹1,512.05 per piece, against the previous close of ₹1,547.55 on NSE. The counter touched an intraday high and low of ₹1,630 and ₹1,486.05, respectively.

For feedback and suggestions, write to us at [e-mail]

For opening a demat account click on: https://www.indiainfoline.com/

For doing stock trading & investments, go to: https://ttweb.indiainfoline.com/trade/Login.aspx

For loans, go to: https://www.iifl.com/