Earnings Review
Bharat Dynamics Q3 PAT, sales fall sharply YoY, miss view
This story was originally published at 17:26 IST on 31 January 2026
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--Bharat Dynamics Oct-Dec net profit INR 729.22 mln
--Analysts saw Bharat Dynamics Oct-Dec net profit at INR 2 bln
--Bharat Dynamics Oct-Dec revenue INR 5.67 bln
--Analysts saw Bharat Dynamics Oct-Dec revenue at INR 10.39 bln
--Bharat Dynamics Oct-Dec net profit INR 729.22 mln vs INR 1.47 bln year ago
--Bharat Dynamics Oct-Dec revenue INR 5.67 bln vs INR 8.32 bln year ago
--Bharat Dynamics to pay INR 4.5 per share interim dividend
--Bharat Dynamics interim dividend record date is Feb 9
--Bharat Dynamics Apr-Dec net profit INR 3.07 bln vs INR 2.77 bln year ago
--Bharat Dynamics Apr-Dec revenue INR 19.62 bln vs INR 15.68 bln year ago
By Gunjan Rajput
MUMBAI – Bharat Dynamics Ltd. reported a sharp year-on-year fall in its net profit for the December quarter as its revenue declined, missing analysts' expectations by a wide margin. This marks the first year-on-year decline in revenue in five quarters. Even cost-saving measures such as bringing down other expenses couldn't help the company arrest the fall in net profit.
The company's net profit for the December quarter was INR 729.22 million, down over 50% from INR 1.47 billion a year ago. The metric missed analysts' expectations of INR 2 billion net profit. Sequentially, the net profit was down over 66%.
The company's revenue for the reporting quarter was INR 5.67 billion, down nearly 32% from INR 8.32 billion a year ago. Analysts had expected the revenue at INR 10.39 billion. Sequentially, the revenue was down 51%.
Total expenses for the quarter fell, led by a sharp 67?cline in other expenses. Its cost of materials consumed rose nearly 43% on year, hitting the net profit. Its total expenses were down 23% on year at INR 5.61 billion. The company said the implementation of the new labour codes resulted in an additional liability of INR 44.75 million during the quarter.
For Apr-Dec, the company's net profit rose nearly 11% on year to INR 3.07 billion. The company's top line for the period rose over 25% on year to INR 19.62 billion. The company announced an interim dividend of INR 4.5 per share, with the record date set at Feb. 9.
Friday, shares of the company closed 0.5% higher at INR 1,538.20 on the National Stock Exchange. End
Edited by Tanima Banerjee
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