Bharat Dynamics Reports 59% Year-on-Year Decline in Net Profit to ₹113 Crore, Announces ₹0.40 Final Dividend
Bharat Dynamics Reports 59.5% YoY Fall in Net Profit
Bharat Dynamics, a leading defence company, announced its financial results for the quarter ending on March 31, 2026. The company's share price closed 3.51% lower at ₹1,283.40 apiece on the Bombay Stock Exchange (BSE) on Wednesday, ahead of the announcement.
The defence company reported a significant decline in its standalone net profit for the March quarter 2026. The net profit fell by 59.5% year-on-year (YoY) to ₹113 crore, compared to ₹273 crore in the same quarter last year.
| Financial Metric | Q4 FY26 | Q4 FY25 |
|---|---|---|
| Net Profit | ₹113 crore | ₹273 crore |
| Revenue from Operations | ₹480 crore | ₹1,777 crore |
| EBITDA | ₹55.2 crore | ₹299 crore |
| EBITDA Margin | 11.5% | 16.8% |
| Profit before Tax | ₹153 crore | ₹378 crore |
| Total Income | ₹599 crore | ₹1,876 crore |
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The company's revenue from operations also declined by 73% to ₹480 crore in Q4 FY26, as compared to ₹1,777 crore in the same period last year. On the operational front, the EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) declined by 81.5% year-on-year to ₹55.2 crore in the quarter under review, compared to ₹299 crore in Q4 FY25. The EBITDA margin stood at 11.5%, down from 16.8% recorded in the January-March quarter of the previous fiscal year.
Bharat Dynamics also witnessed a steep fall of 68% in total income to ₹599 crore for the March quarter 2026, down from ₹1,876 crore in the same period last year.
In addition to the quarterly results, the defence company announced a final dividend of ₹0.40, with a face value of ₹5 each. The company stated that the dividend upon approval by the shareholders at the ensuing Annual General Meeting (AGM) will be paid within 30 days from the date of AGM.
The company's share price trend has been volatile in the near-term amid weak market sentiments. The stock has fallen 1.57% in a week and 5.65% in two weeks, as well as declined over 1.43% in a month and 13.33% year-to-date (YTD) basis. However, the defence stock has impressed long-term investors by delivering multibagger returns of 144.53% in three years and 596% in five years.
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Investor Takeaway
Investors should be cautious of the decline in net profit and revenue from operations.
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