Bharat Dynamics Ltd | Business Upturn

Bharat Dynamics Q3 FY25 Results: Revenue up 38% YoY to Rs 832 crore, Net Profit up 9% YoY

Aditya Bhagchandani — Thu, 06 Feb 2025 06:06:46 +0000

Bharat Dynamics Limited has reported strong financial results for the third quarter of FY25. The company’s net profit rose by 9% year-on-year (YoY) to ₹147 crore, compared to ₹135 crore in Q3 FY24. This growth reflects the company’s ability to maintain profitability despite cost pressures.

Revenue from operations also saw a robust growth of 38% YoY, reaching ₹832 crore in Q3 FY25, compared to ₹602 crore in the same quarter last year. This uptick in revenue highlights the company’s solid performance across its business segments.

The company’s EBITDA increased by 7% YoY to ₹127 crore, up from ₹119 crore in Q3 FY24, reflecting improved operational efficiency. However, the EBITDA margin decreased to 15.3% from 19.8% in the previous year, primarily due to higher costs associated with the increased revenue.

In a positive development, the Board of Directors has approved an interim dividend of ₹4 per share for the financial year.

Key Financial Highlights (Q3 FY25)

Net Profit: ₹147 crore (up 9% YoY)
Revenue: ₹832 crore (up 38% YoY)
EBITDA: ₹127 crore (up 7% YoY)
EBITDA Margin: 15.3% (down from 19.8% YoY)
Interim Dividend: ₹4 per share

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

India emerges as a major arms exporter, boosting Philippines’ defence capabilities

Gowri Jagadish — Mon, 19 Feb 2024 12:49:06 +0000

India, seeking to strengthen its military capabilities through the Philippines, has established itself as a major arms exporter in the area. The first-ever India-Philippines defence industry seminar was recently held by the Indian Embassy in the Philippines, where a business delegation presented a range of defence platforms made in the country.

Participating were representatives from more than twenty Indian defence businesses, such as Mahindra Emirates Vehicle Armouring, Bharat Dynamics Ltd., DCM Shriram Industries Ltd., and Hindustan Aeronautics Ltd. This action is in line with India’s goal of being a key player in the upgrading of the Philippine defence industry.

President Marcos’ updated military modernization plan, known as Re-Horizon 3, has been authorised by the Philippines and will cost P2 trillion over the following ten years. India’s varied capabilities in in-ground systems, artillery systems, fighter aircraft, attack helicopters, and naval systems, as highlighted by Indian Ambassador Shambhu Kumaran, could meet the needs mentioned in the Horizon 3 plan.

As the first foreign buyer for the P18.9 billion BrahMos supersonic cruise missiles, India has already inked a deal with the Philippines for 2022. It is anticipated that the first shipment of missiles will arrive shortly, however, no precise delivery date was given.

Talks have stalled despite India’s previous offer of a $100 million credit line to help the Philippines with its defence requirements. According to Ambassador Kumaran, India’s offer is still open, and it includes a soft loan for prospective cooperative industrial projects as well as defence acquisitions. The Philippines is developing a framework to create a programme for self-defence posture, which is the reason for the delay.

Kumaran emphasised that India is prepared to share its experience and collaborate with local organisations in order to promote self-reliance for the defence of the Philippines. To reduce reliance on outside assistance, the Philippine Department of National Defence has been promoting a defence strategy that favours domestic vendors.

Kumaran highlighted one of India’s main advantages as being its affordability, claiming that the country can provide the latest innovations at reasonable costs. He cited India’s history of fostering the growth of its own technologies, capabilities, and extensive industrial facilities.

As he wrapped up, Kumaran emphasised that both India and the Philippines are peaceful countries that share a dedication to maintaining their territorial integrity. He emphasised that in order to improve defence relations between the two countries, action must be taken in addition to talks.

Uttar Pradesh defence industrial corridor set to break ground on 34 investment projects worth Rs 3,585.85 crore

Gowri Jagadish — Thu, 15 Feb 2024 15:08:03 +0000

Nearly 34 investment projects worth a combined Rs 3,585.85 crore are scheduled to have their groundbreaking ceremonies (GBC) in Uttar Pradesh. Since its inception in February 2018 by Prime Minister Narendra Modi, the Uttar Pradesh Defence Industrial Corridor (UPDIC) has drawn significant investments, proving a dedication to the ‘Atmanirbhar Bharat’ vision.

With 114 investment intents and a proposed investment of an enormous Rs 24,510.60 crore, the UPDIC encompasses important nodes in Aligarh, Jhansi, Kanpur, and Lucknow. An estimated 41,667 jobs might be created by these endeavours, which would be a major contribution to the state’s job creation.

Major corporations including BrahMos Aerospace, Areolloy Technologies, Bharat Dynamics Ltd, Armoured Vehicles Nigam Ltd, Tata Technologies Ltd, Global Engineers Ltd, WB Electronics India Ltd, Adani Defence Systems & Technologies Ltd, Ananth Technologies, Genser Aerospace, Anchor Research Labs LLP, and Amitec Electronics are leading the way in this revolutionary endeavour.

Either their units have already been established within the corridor, or they are currently in the process of implementing their initiatives. It is anticipated that the dispersion of these projects will result in around 8,530 new job opportunities, significantly boosting the region’s economic expansion.

In Phase I, a sizable land bank has been established by the Uttar Pradesh government’s aggressive acquisition of greenfield land parcels in the key cities of Agra, Aligarh, Chitrakoot, Jhansi, Kanpur, and Lucknow. To create an atmosphere that is favourable for investors, the government is spending on the development of basic infrastructure throughout these nodes. Designated as Centres of Excellence, IIT Kanpur and IIT (BHU) Varanasi are essential for research and for bridging important R&D gaps.

With a budget of Rs 400 crore, the Ministry of Defence, Government of India, has introduced the Defence Testing Infrastructure Scheme in keeping with its commitment to improving testing capabilities. To create three defence testing facilities in Kanpur and Lucknow, a grant-in-aid of Rs 117.06 crore has been authorised.

In order to meet the unique needs of MSMEs and startups in the defence and aerospace sectors, the UP Defence Industrial Corridor has partnered with financial institutions to offer tailored loans. The goal of this cooperative endeavour is to promote innovation and build an environment that is conducive to economic success.