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Revenue for the period increased by 38% from last year to ₹832 crore. The company’s topline during the same quarter last year stood at ₹602 crore.
Its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) grew by 7% from the year-ago period to ₹127 crore from ₹119 crore. However, its EBITDA margin narrowed to 15.3% from 19.8% last year, which is a decline of 450 basis points.
The company’s net profit increased by 9% from the same quarter last year to ₹147 crore.
The state-run defence company has declared a dividend of ₹4 per share, and the record date for the same has been fixed as February 14.Brokerage firm Elara Securities believes that the worst is over for Bharat Dynamics, as the company has resolved its supply chain issues by indigenising critical missile components that were earlier being imported from Russia.
The number of retail investors in the stock stood at 5.76 lakh, compared to 5.73 lakh in the September quarter.
Retail investors now own a 11.31% stake in Bharat Dynamics, compared to 11.71% stake in September.
Shares of Bharat Dynamics are trading 0.5% lower post the earnings announcement at ₹1,208. The stock is down 32% from its peak of ₹1,794. At one point, the stock had even halved from its peak before recovering.
