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Synopsis : Shares of
surged over 5% on Friday following a strong Q4 performance, reporting an 89% year-on-year increase in net profit. The company's net profit rose to Rs288.8 crore, with revenue from operations up by 7% to Rs854.1 crore. Additionally, EBITDA saw a significant rise, enhancing investor confidence.
Shares of Bharat Dynamics Ltd (BDL) rose over 5% in early trading on Friday after the aerospace and defense firm reported a substantial 89% year-on-year (YoY) increase in net profit for the fourth quarter. The company's net profit surged to Rs288.8 crore compared to Rs152.8 crore in the corresponding period last year. Furthermore, revenue from operations increased by 7%, reaching Rs854.1 crore from Rs798.3 crore in the previous year.
BDL's stock climbed 5.34% to Rs1,629.40 on the BSE, reflecting a robust market response. This surge elevated the company's market capitalization to Rs57,550 crore. The stock opened higher at Rs1,621.65 on the BSE, with a total of 0.75 lakh shares trading hands, resulting in a turnover of Rs13.18 crore. The stock reached its 52-week high of Rs1,650 on May 24, 2024, and had a 52-week low of Rs450.50 on October 25, 2023.
The stock's performance has been outstanding, with gains exceeding several key moving averages, including the 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day averages. Over the past year, BDL's stock has appreciated by 186% and has risen by 82% since the beginning of the year.
At the operational level, BDL's EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortization) increased by 72.6%, reaching Rs316.5 crore in Q4 of this fiscal year, up from Rs183 crore in the same period of the previous fiscal year. The EBITDA margin improved significantly to 37.1% from 23% in Q4 FY23.
The board of directors has recommended a final dividend of Rs0.85 per share (face value of Rs5 each) for the year ended March 31, 2024. This recommendation further underscores the company's strong financial health and commitment to delivering shareholder value.
Bharat Dynamics Ltd is primarily engaged in the manufacturing of missiles and allied defense equipment, supplying a significant portion of its products and services to the Indian Armed Forces and the Government of India. The company's strong Q4 performance and optimistic future outlook have bolstered investor confidence and market sentiment.
Disclaimer : This article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
Related Questions
1. What was the year-on-year increase in net profit reported by Bharat Dynamics Ltd (BDL) for the fourth quarter?
Bharat Dynamics Ltd (BDL) reported a substantial 89% year-on-year increase in net profit for the fourth quarter.
2. What was the percentage increase in revenue from operations for BDL in the fourth quarter?
Revenue from operations for BDL increased by 7% in the fourth quarter.
3. What was the percentage increase in BDL's stock price in early trading on Friday?
Shares of Bharat Dynamics Ltd (BDL) rose over 5% in early trading on Friday.
4. What dividend per share was recommended by the board of directors for BDL?
The board of directors recommended a final dividend of Rs0.85 per share for BDL.
5. What is Bharat Dynamics Ltd (BDL) primarily engaged in?
Bharat Dynamics Ltd (BDL) is primarily engaged in the manufacturing of missiles and allied defense equipment.
