BDL posts strong Q4

about 14 days ago
No Image

Bharat Dynamics Ltd (BDL) is currently the top gainer on the BSE. The stock opened with a gain of 16% and rose quickly to hit an intraday high at Rs.355.70, a jump of 18%. Its not too far from its 52-week high of Rs.365 and its 20% UC for the day stands at Rs.361.85.

Riding on a very good jump in topline, the company posted a 150% (YoY) jump in net profit at Rs.310 crore and this was on a net revenue of Rs.1417 crore, a rise of 65%.

EBITDA rose almost 3.5 times to Rs.405 crore and margins more than doubled up from 13.7% to 28.2%.

The PSU makes defense equipment. The company offers ammunitions, counter measures dispensing, infra red interference indicators, and missile systems, serving the military and aerospace industries.

Popular Comments

No comment posted for this article.