Bharat Dynamics Limited reported earnings results for the second quarter and six months ended September 30, 2024. For the second quarter, the company reported sales was INR 5,354.61 million compared to INR 6,099.73 million a year ago. Revenue was INR 6,308.01 million compared to INR 6,941.1 million a year ago. Net income was INR 1,225.32 million compared to INR 1,470.93 million a year ago. Basic earnings per share from continuing operations was INR 3.34 compared to INR 4.01 a year ago.
For the six months, sales was INR 7,232.38 million compared to INR 9,056.63 million a year ago. Revenue was INR 9,023.51 million compared to INR 10,992.78 million a year ago. Net income was INR 1,297.48 million compared to INR 1,889.1 million a year ago. Basic earnings per share from continuing operations was INR 3.54 compared to INR 5.15 a year ago.
Bharat Dynamics Limited is an India-based company, which is engaged in the manufacturing of guided missile systems and allied equipment for the Indian Armed Forces. The Company is working in collaboration with Defence Research and Development Organisation (DRDO) and foreign original equipment manufacturers (OEMs) for manufacture and supply of various missiles and allied equipment to Indian Armed Forces. It has a product portfolio consisting of surface to air missiles (SAMs), air-to-air missiles, anti-tank guided missiles (ATGMs), underwater weapons, launchers, countermeasures and test equipment. Its products include Akash SAM, Astra Weapon System, The Milan 2T ATGM, The Konkurs - M ATGM, submarine fired decoy and heavy weight torpedo. The Company also offers product life cycle support and refurbishment/life extension of vintage missiles. The Company also commenced export of selected defense equipments and has entered into strategic alliances with public and private sector companies.
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