Bharat Dynamics Stock Slips, Revenue Grows but Profit Decline

Shares of state-run defense firm Bharat Dynamics (BDL) declined sharply today following the company's announcement of a decline in net profit in the fourth quarter of financial year 2024-25. Though there was a big increase in revenue, the decline in profit cast a shadow on investor sentiment and resulted in the stock price falling more than 2% as of 11.45am today.

Q4 Financial Performance

In the quarter that ended on March 31, 2025, Bharat Dynamics had a net profit of ₹272.7 crore. It is a 5.5% dip from the corresponding quarter of last year, Q4 FY24, when it had earned a profit of ₹288.8 crore.

EBITDA also decreased to ₹299 crore in Q4 FY25, down 5.5% year-on-year from ₹316.3 crore. The operating margin of the company for the quarter under review considerably narrowed to 16.83%, a marked difference from the 37.04% margin in the same quarter last year.

However, it wasn’t all disappointing. The company delivered a sharp jump in operating revenue, which surged 108.08 percent year-on-year. Triveni Engineering reported ₹1,777 crore in revenue for Q4 FY25, nearly doubling the ₹854 crore recorded in the corresponding quarter of the previous year..

Market Response and Price Action

After the company declared its Q4 results, Bharat Dynamics shares plunged more than 4% early into the trading day. 

This dip is in contrast to the performance of the stock over periods stretching over a month. In the last month, BDL's stock has gone up nearly 27%. Six months ago, on November 28, 2024, shares rose by 61%. The share also reached its one-year high of ₹1,991.50 per share on the day results were declared. The 52-week low was ₹890 per share, achieved on November 18, 2025. The market capitalization of the company is now worth ₹68,990.73 crore.

Other Company Updates

The company has proposed a final dividend of ₹0.65 per equity share for FY25, pending approval from shareholders. It comes after an interim dividend of ₹4 per equity share Bharat Dynamics had already distributed in February 2025 for 2024-25. The two dividends are on equity shares with a face value of ₹5 each.

In another development, the stock market had recently asked Bharat Dynamics for clarification on a report that the government was lining up a major order, pegged at ₹2,000-3,000 crore, to buy Invar missiles from the firm. BDL, in turn, responded that there is no need for negotiation and that its agreements, being classified and confidential as a PSU under the Ministry of Defence, cannot be shared as it would be prejudicial to national security.

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