Bharat Dynamics announced its Q2 results for 2024 on November 16, revealing a 16.7% decrease in profits and an 11.54% drop in revenue compared to the same period last year. The company’s profit for the quarter stood at ₹122.53 crore, while revenue totaled ₹544.77 crore.
Despite the year-over-year decline, the company saw a strong recovery compared to the previous quarter, with revenue surging by 184.97% and profit skyrocketing by 1597.98%. This signals a positive rebound from the lows of the prior quarter.
The company’s SG&A (Selling, General, and Administrative) expenses decreased slightly by 3.51% from the previous quarter, but rose by 9.86% year-over-year, reflecting ongoing cost management challenges. Operating income showed a robust increase of 219.38% compared to the last quarter, although it fell by 30.39% on a yearly basis, indicating a partial recovery but not yet a return to peak performance.
Earnings per Share (EPS) for Q2 was ₹3.34, representing a significant 58.41% drop year-over-year, underscoring the difficulties in sustaining profitability. In terms of stock performance, Bharat Dynamics saw an 8.13% drop in value over the past week and a 4.37% decrease over the last six months. However, the company has achieved a positive year-to-date return of 15.58%. Its current market capitalization stands at ₹36,273.19 crore, with a 52-week high of ₹1794.7 and a low of ₹541.52.
Bharat Dynamics Limited (BDL) is a prominent Indian defense public sector enterprise specializing in the design, development, and manufacturing of advanced weapon systems for the Indian Armed Forces. Established in 1970, the company is known for producing a wide range of defense products, including surface-to-air missiles, anti-tank guided missiles, torpedoes, and electronic warfare systems.
BDL plays a vital role in enhancing India’s defense capabilities and is a key supplier of indigenous defense technologies. The company operates manufacturing units in Hyderabad, Bengaluru, and other locations, and it continues to invest in cutting-edge research and development to strengthen India’s defense infrastructure. Bharat Dynamics has consistently contributed to the country’s self-reliance in defense and has expanded its footprint in both domestic and international markets.
