Bharat Dynamics gains on reporting 89% rise in Q4 net profit
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Bharat Dynamics is currently trading at Rs. 1555.50, up by 8.75 points or 0.57% from its previous closing of Rs. 1546.75 on the BSE.
The scrip opened at Rs. 1621.65 and has touched a high and low of Rs. 1629.40 and Rs. 1487.25 respectively. So far 296617 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1650.00 on 24-May-2024 and a 52 week low of Rs. 450.50 on 25-Oct-2023.
Last one week high and low of the scrip stood at Rs. 1639.60 and Rs. 1405.65 respectively. The current market cap of the company is Rs. 56633.91 crore.
The promoters holding in the company stood at 74.93%, while Institutions and Non-Institutions held 15.34% and 9.72% respectively.
Bharat Dynamics has reported 89.04% rise in its net profit at Rs 288.78 crore for the fourth quarter (Q4) ended March 31, 2024 as compared to Rs 152.76 crore for the same quarter in the previous year. Total income of the company increased by 12.83% at Rs 942.61 crore for Q4FY24 as compared Rs 835.43 crore for the corresponding quarter previous year.
For the year ended March 31, 2024, the company has reported 73.98% rise in its net profit at Rs 612.72 crore as compared to Rs 352.17 crore for the previous year. Total income of the company increased by 3.26% at Rs 2,731.10 crore for year under review as compared to Rs 2,644.79 crore for year ended March 31, 2023.
