Bharat Dynamics Q4 Results: Net profit tumbles 59% to Rs 113 crore; dividend announced

Defence major Bharat Dynamics (BDL) on Thursday reported a standalone net profit of Rs 113.18 crore for the January-March quarter of the financial year 2026, marking a 58.5% year-on-year (YoY) drop from the Rs 272.77 crore net profit reported in the corresponding quarter of the previous financial year.

Revenue from operations more than halved, dropping nearly 73% YoY to Rs 480 crore during the quarter under review, as against Rs 1,777 crore reported in the year-ago period.

Total expenses also sharply declined to Rs 445.47 crore in Q4 FY26 from Rs 1,498 crore in the year-ago period. Total income fell to Rs 599 crore in the January-March quarter of FY26, from Rs 1,876 crore in the same period last year.


Along with the Q4 results, Bharat Dynamics said that its board of directors have recommended a final dividend of Rs 0.40 per equity share with a face value of Rs 5 each for the financial year which ended on March 31. This is however subject to shareholders’ approval at its upcoming Annual General Meeting (AGM).

BDL FY26 Results
For the entire financial year which ended on March 31, 2026, Bharat Dynamics reported a standalone net profit of Rs 420 crore, marking a 23% YoY drop from the Rs 550 crore net profit reported in FY25. The firm’s revenue from operations meanwhile fell 27% YoY to Rs 2,442 crore in FY26.

Total expenses also reduced to Rs 2,298 crore, while total income fell to Rs 2,866 crore during the financial year. Earnings per share (EPS) meanwhile fell to Rs 11.47 per share in FY26, from Rs 14.99 per share in FY25.

BDL share price
Bharat Dynamics announced its earnings on March 28, when markets were closed on account of Bakrid. The stock will be in focus tomorrow when markets reopen. The stock has fallen over 1% in one week, 7% in one month and are down 13% so far in 2026.

The shares of the defence player have declined 33% in one year, but gained over 145% in three years and 621% in five years.

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