New Delhi, May 28: Defence PSU Bharat Dynamics Ltd. (BDL) reported a sharp decline in fourth-quarter earnings for FY26, with profit and revenue falling significantly amid weaker operational performance.
The company posted a net profit of Rs 113 crore in Q4 FY26, marking a 59.5 per cent year-on-year decline from Rs 273 crore reported in the corresponding quarter of FY25, according to its stock exchange filing.
Revenue from operations dropped 73 per cent to Rs 480 crore during the January–March quarter, compared to Rs 1,777 crore in the same period last fiscal.
At the operational level, EBITDA fell 81.5 per cent to Rs 55.2 crore, down from Rs 299 crore reported a year earlier.
The company’s EBITDA margin narrowed to 11.5 per cent, compared with 16.8 per cent in Q4 FY25, indicating pressure on profitability.
Profit before tax (PBT) stood at Rs 153 crore, declining from Rs 378 crore in the corresponding quarter of the previous financial year.
BDL’s total income also declined 68 per cent year-on-year to Rs 599 crore, compared to Rs 1,876 crore in the March quarter last year.
Despite the weak quarterly performance, the company’s board recommended a final dividend of Rs 0.40 per share with a face value of Rs 5 each for FY26.
The company said the dividend, subject to shareholder approval at the upcoming Annual General Meeting (AGM), will be paid within 30 days of AGM approval.
Ahead of the earnings announcement, BDL shares closed 3.51 per cent lower at Rs 1,283.40 on the BSE.
The defence stock has witnessed heightened volatility in recent weeks, declining 1.57 per cent over the past week, 5.65 per cent in two weeks, 1.43 per cent over the last month, and 13.33 per cent on a year-to-date basis amid broader market weakness.
