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India
Reported ownership for FY2027-Q2 as of 2026-09-30.
As of 06 Nov 2026, 03:30 pm
The Board of Directors will meet on 12-Nov-2026 to consider and approve the Unaudited Financial Results for the quarter ended September 2026. This filing is a mandatory regulatory step following the submission of the Reconciliation of Share Capital Audit Report on 22-Oct-2026.
As of 05-Nov-2026, the stock closed at ₹1,075.00 with a market capitalization of approximately ₹39,405 crore. The stock is down -27.4% year-to-date and -46.7% from its peak. Immediate support lies near ₹1,071.20, while resistance is observed at ₹1,103.58 (2.66% above).
Daily and weekly trends show bearish momentum, with the Supertrend direction signaling downside pressure. The Average Directional Index (ADX) on the daily timeframe is 32.51, indicating moderate trend strength. Conversely, the monthly Supertrend remains bullish, suggesting longer-term structural support despite recent weakness.
As of 06 Nov 2026, 03:30 pm
Showing 3 of 6 candles
Recent drawdown or price variability is materially high and may lead to larger short-term outcomes.
Primary driver: Price remains materially below a previous peak
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
The session opened materially above the previous close, indicating a sharp repricing at the open.
The move may reflect new information; subsequent price follow-through is worth monitoring.
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Trading activity was substantially higher than usual and the price closed lower.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Latest complete financial results for Q4 FY2026 and comparative quarterly trends.
| Metric | Q4 FY2025-26(Latest) | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 | Q4 FY2024-25 |
|---|---|---|---|---|---|
| Profit Before Tax | ₹153.89 crore | ₹103.18 crore | ₹287.61 crore | ₹23.13 crore | PEAK₹378.18 crore |
| Tax Expense | ₹40.71 crore | ₹30.26 crore | ₹71.73 crore | ₹4.78 crore | PEAK₹160.48 crore |
| Profit Loss For Period | ₹113.18 crore | ₹72.92 crore | ₹215.88 crore | ₹18.35 crore | PEAK₹217.70 crore |
| Basic Earnings Loss Per Share From Continuing And Discontinued Operations | ₹3.09 per share | ₹1.99 per share | ₹0 per share | ₹0.50 per share | PEAK₹7.44 per share |
| Diluted Earnings Loss Per Share From Continuing And Discontinued Operations | ₹3.09 per share | ₹1.99 per share | ₹5.89 per share | ₹0.50 per share | PEAK₹7.44 per share |
| Revenue From Operations | ₹480.20 crore | ₹566.63 crore | ₹1,147.03 crore | ₹247.93 crore | PEAK₹1,776.98 crore |
Exchange disclosures and regulatory announcements for Bharat Dynamics.
Bharat Dynamics Limited has informed the Exchange about Board Meeting to be held on 12-Nov-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Quarterly ended September 2026 . |SUBJECT: Board Meeting Intimation
Board Meeting Intimation |Meeting Date: 12-Nov-2026
Bharat Dynamics Limited has informed the Exchange about Board Meeting to be held on 12-Nov-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Quarterly ended September 2026 . |SUBJECT: Board Meeting Intimation
Board Meeting Intimation |Meeting Date: 12-Nov-2026
Bharat Dynamics Limited submitted the Reconciliation of Share Capital Audit Report for the quarter ended 30 September 2026 to the National Stock Exchange and BSE Limited, pursuant to Regulation 76 of SEBI (Depositories and Participants) Regulations, 2018. The filing was digitally signed by Company Secretary Nagaraja Nagula on 22 October 2026.
Bharat Dynamics Limited (BDL) informed the NSE and BSE on October 16, 2026, that Dr. Jagannath Nayak has been appointed as a Government Nominee Director on its Board, effective from the same date. The appointment follows an order from the Ministry of Defence dated October 7, 2026, and becomes valid upon the allotment of his Director Identification Number (DIN: 12007022). Dr. Nayak serves as DS&DG (MSS) at DRDO and holds a Ph.D. in Electrical Communication Engineering from IISc Bengaluru.
Bharat Dynamics Limited appointed Jagannath Nayak as a Non-Executive - Nominee Director, effective 16 October 2026. The appointment term is 16 months. The filing reports no relationship between directors and affirms that he is not debarred from holding office by any SEBI order or other authority.
BHARAT DYNAMICS LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
Recent market and company developments associated with Bharat Dynamics.
Amid prolonged conflicts driving up missile costs, air forces including the US and India are prioritizing low-cost standoff glide bombs to extend strike ranges without entering hostile air defense zones. The US Air Force is exploring unpowered and powered options under its ERAM programme, while India’s DRDO and private sector entities are developing indigenous variants such as SAAW, Gaurav, and TARA with advertised ranges between 30km and 200km.
eMudhra has appointed KPMG to independently review a security incident involving weak keys in eight TLS intermediate certificate authorities. The company says its India digital-signature, eSign and enterprise businesses remain unaffected, while it exits the global SSL/TLS certificate business.
Defence stocks such as Hindustan Aeronautics Ltd (HAL) and BEML Ltd are seen as major beneficiaries of the Defence Acquisition Council's (DAC) approval of capital procurement proposals worth Rs 2.12 lakh crore.
BRS working president and Telangana opposition leader K T Rama Rao (KTR) alleged that Hyderabad is emerging as a hub for fake aerospace and defence shell companies under the Congress government, and urged Defence Minister Rajnath Singh to investigate their role in supplying equipment to the armed forces.
MoD signs ₹4,106 crore deals for GSAT-7C IAF satellite and Varunastra torpedoes to boost indigenous defence capabilities.
GSAT-7C satellite, Varunastra torpedo, India defence deals, Indian Air Force satellite, Indian Navy anti-submarine warfare, Bharat Dynamics Limited, New Space India Limited
The government signed contracts worth Rs 4,106 crore for the Indian Air Force and the Indian Navy. One contract is for a GSAT-7C satellite to improve communication capabilities. The other is for Varunastra torpedoes designed to enhance anti-submarine warfare capabilities. Both contracts aim to promote self-reliance in defense manufacturing in India. This move aligns with the governments Aatmanirbhar Bharat and Make-in-India initiatives.
The contracts include ₹1,543 crore for indigenous Varunastra torpedoes and ₹2,563 crore for the GSAT-7C communication satellite, aimed at strengthening India’s defence capabilities.
Comprehensive Section Breakdown for Bharat Dynamics
Bharat Dynamics Limited (BDL) reported a steep year-on-year fall in revenue from operations for the quarter ended 31 March 2026. The resulting surplus from its core manufacturing activities shrank dramatically, but a large injection of other income pushed profit before tax to a healthier level.
Revenue from operations stood at ₹480.20 crore, down 73% from ₹1,776.98 crore in the same quarter last year. Total expenses fell by 70% to ₹445.47 crore. The difference between revenue and total expenses—which represents the company’s pre-other income result—narrowed to ₹34.73 crore from ₹278.61 crore a year earlier.
This measure was volatile across the four quarters of FY2025‑26: it swung from a loss of ₹63.73 crore in the first quarter to a profit of ₹167.05 crore in the second, near break-even at ₹6.01 crore in the third, and the ₹34.73 crore surplus in the final quarter.
Profit Before Tax (PBT) for the March‑2026 quarter was ₹153.89 crore. The gap between this figure and the ₹34.73 crore pre‑other income surplus is fully explained by a reported Other Income of ₹119.16 crore. In effect, non‑operating income provided the bulk of the quarter’s pre‑tax profit.
After a tax expense of ₹40.71 crore—equivalent to an effective tax rate of 26.4%—net profit came to ₹113.18 crore. That is a 48% decline from the ₹217.70 crore net profit in the year‑ago quarter, reflecting the much smaller core result. The effective tax rate was notably lower than the 42.4% recorded in the prior‑year quarter.
Basic and diluted earnings per share (EPS) both stood at ₹3.09, down from ₹7.44 in the corresponding quarter last year. In the second quarter of FY2025‑26, a divergence emerged: basic EPS was reported as ₹0.00 per share, while diluted EPS was ₹5.89 per share. The two measures were equal in the other quarters reported for the fiscal year.
BDL’s final quarter of FY2025‑26 was defined by a massive year‑on‑year contraction in revenue, compressing the pre‑other income surplus to just ₹34.73 crore. Other income of ₹119.16 crore was the dominant contributor to the quarter’s profit before tax. While manufacturing operations stayed above water before other income, the results highlight how heavily the bottom line depended on non‑operating income during the period.
Strategic Vision: Manufactures guided missile systems and allied defence equipment.
Category: Manufacturing
The company manufactures a range of guided missile systems, including Anti-Tank Guided Missiles (ATGMs) and surface-to-air missile systems.
Key Products & Services: Milan • Nag Missile System (NAMIS) • Vertically Launch Short Range Surface to Air Missile (VL SRSAM) • Akash Weapon System
Category: Manufacturing
BDL also produces underwater weapons such as torpedoes, as well as countermeasure systems and air-to-surface weapons.
Key Products & Services: Light Weight Torpedoes (TAL XP) • Heavy Torpedoes
Core Thesis: The company's focus on manufacturing a diverse range of guided missile systems and allied defence equipment supports the Indian Armed Forces.
• Missile Systems Manufacturing: Production of various guided missile systems including ATGMs and surface-to-air missiles. • Underwater Weapons Production: Manufacturing of torpedoes and other underwater defence equipment. • Allied Defence Equipment: Development and production of countermeasure systems and air-to-surface weapons.
• Under the administrative control of the Ministry of Defence, Government of India.