Bharat Dynamics Ltd.'s net profit for the second quarter of fiscal year 2027 declined 15.3% year-on-year, according to an exchange filing on Thursday. However, the bottom-line broadly met street expectations.
The company posted a bottom-line of Rs 183 crore, compare to Rs 216 crore in the year-ago period. Analysts on bloomberg had estimated a profit of Rs 186 crore.
The Hyderabad-based defense firm's operating performance took a hit, with margins falling sharply from 16.3% to 6.1% in the September quarter, as against an expectation of 15.8%. Earnings before interest, taxes, depreciation and amortisation plunged over 46% to 101 crore from Rs 187.4 crore in the corresponding quarter of the last fiscal.
On the other hand, revenue from operations jumped 45% to Rs 1,664 crore from Rs 1,147 crore, in-line with street expectations of Rs 1,023 crore.
Bharat Dynamics Share Price
The company's stock registered a sharp fall of 6.7% to Rs 1026.50 apiece on the NSE after the results were declared. Later, the shares pared some losses to trade 3.6% lower at Rs 1,059.90.
Bharat Dynamics Q2 Highlights ( YoY)
- Net profit down 15.3% to Rs 183 crore versus Rs 216 crore. (Estimate: Rs 186 crore)
- Revenue up 45.1% to Rs 1,664 crore versus Rs 1,147 crore. (Estimate: Rs 1,023 crore)
- Ebitda down 46.1% to Rs 101 crore versus Rs 187.4 crore. (Estimate: Rs 162 crore)
- Margin at 6.1% versus 16.3%. (Estimate: 15.8%)
- Other income at Rs 167 crore versus Rs 121 crore.
- Tax expense at Rs 62.7 crore versus Rs 71.7 crore.
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