Hyderabad: Bharat Dynamics Limited (BDL), a leading defence public sector enterprise, has announced its unaudited financial results for the second quarter and half-year ended September 30, 2026. The company reported a standalone Profit After Tax (PAT) of Rs 183.48 crore in Q2 FY27, while its half-year PAT increased to Rs 302.27 crore.
Revenue from operations recorded strong growth during both the quarter and half-year, supported by higher execution of defence contracts and supplies.
The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on November 12, 2026.
Bharat Dynamics Q2 FY27 Financial Performance
During the second quarter of FY 2026-27, Bharat Dynamics reported revenue from operations of Rs 1,664.14 crore, compared to Rs 1,147.03 crore in the corresponding quarter of the previous financial year.
Total income increased to Rs 1,831.21 crore in Q2 FY27 from Rs 1,267.60 crore in Q2 FY26.
However, Profit Before Tax (PBT) stood at Rs 246.16 crore against Rs 287.61 crore in the year-ago quarter. Profit After Tax was Rs 183.48 crore compared to Rs 215.88 crore in Q2 FY26.
The company’s Earnings Per Share (EPS) stood at Rs 5.01 during the quarter, compared to Rs 5.89 in the corresponding period of the previous year.
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Bharat Dynamics H1 FY27 Financial Performance
For the first half of FY 2026-27, Bharat Dynamics recorded strong growth in its financial performance.
Revenue from operations increased to Rs 2,236.38 crore from Rs 1,394.96 crore in H1 FY26. Total income also rose to Rs 2,506.88 crore compared to Rs 1,602.39 crore in the corresponding period of the previous financial year.
Profit Before Tax increased to Rs 411.79 crore from Rs 310.75 crore, while Profit After Tax grew to Rs 302.27 crore against Rs 234.23 crore in H1 FY26.
The company’s EPS improved to Rs 8.25 during the first half of FY27, compared to Rs 6.39 in the corresponding period last year.
Standalone Financial Results (Rs in Crore)
- Revenue from Operations: Q2 FY27 – ₹1,664.14 crore; Q2 FY26 – ₹1,147.03 crore; H1 FY27 – ₹2,236.38 crore; H1 FY26 – ₹1,394.96 crore.
- Total Income: Q2 FY27 – ₹1,831.21 crore; Q2 FY26 – ₹1,267.60 crore; H1 FY27 – ₹2,506.88 crore; H1 FY26 – ₹1,602.39 crore.
- Profit Before Tax (PBT): Q2 FY27 – ₹246.16 crore; Q2 FY26 – ₹287.61 crore; H1 FY27 – ₹411.79 crore; H1 FY26 – ₹310.75 crore.
- Profit After Tax (PAT): Q2 FY27 – ₹183.48 crore; Q2 FY26 – ₹215.88 crore; H1 FY27 – ₹302.27 crore; H1 FY26 – ₹234.23 crore.
- Earnings Per Share (EPS): Q2 FY27 – ₹5.01; Q2 FY26 – ₹5.89; H1 FY27 – ₹8.25; H1 FY26 – ₹6.39.
Key Highlights of Bharat Dynamics Q2 and H1 FY27 Results
- Q2 FY27 PAT: Rs 183.48 crore.
- H1 FY27 PAT: Rs 302.27 crore, compared to Rs 234.23 crore in H1 FY26.
- Q2 Revenue: Rs 1,664.14 crore, compared to Rs 1,147.03 crore in Q2 FY26.
- H1 Revenue: Rs 2,236.38 crore, compared to Rs 1,394.96 crore in H1 FY26.
- H1 EPS: Rs 8.25 against Rs 6.39 in the corresponding period of the previous year.
- Audit Report: Statutory auditors issued an unmodified limited review report on the financial results.
The company’s revenue growth reflects higher execution of defence contracts. BDL continues to benefit from its strong order book in the missile and defence systems segment.
Bharat Dynamics Approves Final Dividend for FY 2025-26
In another key update, shareholders of Bharat Dynamics approved a final dividend of Rs 0.40 per equity share for the financial year 2025-26 at the Annual General Meeting (AGM) held on September 28, 2026.
The company also disclosed that the Board meeting held on November 12, 2026, commenced at 11:30 AM and concluded at 1:30 PM.
About Bharat Dynamics Limited (BDL)
Bharat Dynamics Limited (BDL) is a Government of India enterprise under the Ministry of Defence. It is one of India’s leading manufacturers of guided missile systems and defence equipment. The company is engaged in manufacturing and supplying missile systems, underwater weapons and other defence products, contributing to India’s defence preparedness and the government’s vision of strengthening indigenous defence manufacturing.
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