Bharat Dynamics Q3 Results: Profits halve, margins narrow to less than 5%

Bharat Dynamics Ltd. reported its third quarter earnings on Saturday, January 31.

Its profits halved, while its margins narrowed to less than 5% in the third quarter.

The company's net profit declined 50% to ₹73 crore from ₹147 crore in the previous year.

Its revenue was down 32% at ₹566.3 crore from ₹832.1 crore in the December quarter of the previous fiscal.

Bharat Dynamics' earnings before interest, tax, depreciation and amortisation (EBITDA) declined 79.7% to ₹25.7 crore from ₹126.8 crore in the previous year.

Its EBITDA margin contracted sharply to 4.5% from 15.2% in the year-ago period.

The company's board also approved an interim dividend of ₹4.5 per share. The record date for the same is February 9.

Shares of Bharat Dynamics ended the previous session 0.4% up at ₹1,537.5 apiece. The stock has gained 17.8% in the past year.

Also Read: Sun Pharma Q3 Results: US sales at $477 million; operational performance strong