Now Reading: Bharat Dynamics Q1 profit jumps sixfold to Rs 119 crore
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Bharat Dynamics Q1 profit jumps sixfold to Rs 119 crore
Bharat Dynamics Ltd, a defence public sector undertaking, reported a consolidated net profit of Rs 118.79 crore for the June quarter, a sixfold jump from Rs 18.35 crore in the same period…
The Story in Brief
Bharat Dynamics Ltd, a defence public sector undertaking, reported a consolidated net profit of Rs 118.79 crore for the June quarter, a sixfold jump from Rs 18.35 crore in the same period last year, according to NDTV Profit and Livemint. Revenue from operations more than doubled to Rs 572.24 crore, up 131% year-on-year.
EBITDA turned positive at Rs 83.1 crore against a loss of Rs 45.4 crore a year ago. Sequentially, profit rose 5% from the March quarter. BDL shares have fallen 5.5% year-to-date.
The Indian Opinion
The sixfold profit spike looks impressive until you see the low base: last year's Rs 18 crore profit was an outlier for a company of BDL's scale. Revenue doubling to Rs 572 crore is solid, but EBITDA margin of 14.5% after a negative quarter is not yet a trend. Defence PSU results often swing on order execution timing. The real test will be whether BDL sustains this margin over the next two quarters, especially with the government's capex push. Can the company maintain 14%+ margins consistently?
Sources (2): ndtvprofit.com, livemint.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
