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Bharat Dynamics Q4 Review: Below Expectations Results, Outlook Positive; Nirmal Bang Maintains 'Hold'
Board of Directors has put forth a recommendation for a final dividend of Rs 0.65 per equity share of Rs 5 each, based on Bharat Dynamics' paidup share capital for FY25.
29 May 2025, 03:59 PM IST 
In FY25, Bharat Dynamics made investments in the Electronic Warfare (Defence) Testing Foundation and the Advanced Materials (Defence) Testing Foundation. (Photo source: Vijay Sartape/NDTV Profit)
Bharat Dynamics reported 108% YoY growth in revenue, amounting to Rs 17.8 bn in Q4 FY25 led by higher execution. Ebitda declined to Rs 2.9 billion as compared to Rs 3.2 billion in Q4 FY24. Ebitda margin was lower at 16.8% as compared to 37% in Q4 FY24 primarily due to higher raw material costs which grew by 122% YoY, and other expenses which grew by 189% YoY. This was due to certain provisions made by the company during the quarter.
