Now Reading: Bharat Dynamics Q1 Net Profit Jumps Sixfold To Rs 119 Crore
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Bharat Dynamics Q1 Net Profit Jumps Sixfold To Rs 119 Crore
Bharat Dynamics Ltd reported a consolidated net profit of Rs 119 crore for the June quarter, a sixfold jump from Rs 18.3 crore a year ago. The defence firm's revenue also doubled…
The Story in Brief
Bharat Dynamics Ltd reported a consolidated net profit of Rs 119 crore for the June quarter, a sixfold jump from Rs 18.3 crore a year ago. The defence firm's revenue also doubled in the period. The results were announced after market hours. The company's earnings per share rose sharply compared to the same quarter last year.
The Indian Opinion
The sixfold profit jump at Bharat Dynamics will fuel hype about defence stocks. But last year's base of just Rs 18 crore makes the percentage look bigger. Sustainable growth, not a quarter's spike, matters. Investors should watch order inflows and execution in coming quarters. Can the company repeat this performance on a much higher base?
Source: ndtvprofit.com
This story was synthesised by AI from the source linked above.
