Bharat Dynamics Ltd Share Price – NSE  /  BSE

Aerospace & Defence, Small Cap

Revenue from operations stood at Rs 848.57 crore in the March quarter, up 6.5% from Rs 796.79 crore reported in Q4 FY23.

Profit before tax surged 88.46% year on year to Rs 387.87 crore in the quarter ended 31 March 2024.

On full year basis, the company's net profit zoomed 73.98% to Rs 612.72 crore despite of 4.41% decline in revenue to Rs 2,369.28 crore in FY24 over FY23.

Meanwhile, the firm’s board has recommended a final dividend of Rs 0.85 per share for the financial year ending 31 March 2024.

Bharat Dynamics is engaged in the manufacturing of Missiles and allied Defence Equipments. The Company provides majority of its goods and services to the Indian Armed forces and Government of India.

Shares of Bharat Dynamics slipped 2.42% to Rs 1,509.25 on the BSE.

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Net profit of Bharat Dynamics rose 89.04% to Rs 288.78 crore in the quarter ended March 2024 as against Rs 152.76 crore during the previous quarter ended March 2023. Sales rose 6.50% to Rs 848.57 crore in the quarter ended March 2024 as against Rs 796.79 crore during the previous quarter ended March 2023.

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Net profit of Bharat Dynamics rose 89.04% to Rs 288.78 crore in the quarter ended March 2024 as against Rs 152.76 crore during the previous quarter ended March 2023. Sales rose 6.50% to Rs 848.57 crore in the quarter ended March 2024 as against Rs 796.79 crore during the previous quarter ended March 2023.

For the full year,net profit rose 73.98% to Rs 612.72 crore in the year ended March 2024 as against Rs 352.17 crore during the previous year ended March 2023. Sales declined 4.80% to Rs 2350.58 crore in the year ended March 2024 as against Rs 2469.03 crore during the previous year ended March 2023.

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Bharat Dynamics announced that the Board of Directors of the Company at its meeting held on 30 May 2024, inter alia, have recommended the final dividend of Rs 0.85 per equity Share (i.e. 17%) , subject to the approval of the shareholders.

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