06 Dec 2019 | 2:30 PM

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COMPANYNEWS
Bharat Dynamics Q2 net profit zooms 275.65% at Rs 106.46 cr
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Published on 11-12-2019
The company reported standalone net profit of Rs 106.46 crore for the quarter ended September 30 2019 as compared to Rs 28.34 crore in the same period last year registering a year-on-year growth of 275.65 per cent.


Net revenue of the company rose substantially by 21.57 per cent at Rs 641.63 crore in July-September quarter of this fiscal as against Rs 527.78 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 7.08 per cent to Rs 501.75 crore from Rs 539.96 crore in year ago period.


Other Income grew by 5.10 per cent at Rs 25.13 crore versus (Sep`18 Rs 23.91 crore).


Operating Profit surged by 138.95 per cent to Rs 157.73 crore as against Rs 66.01 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 96.48 per cent in September quarter.


Interest grew by 11.90 per cent y-o-y to Rs 0.94 crore while Taxation increased by 31.06 per cent at Rs 54.68 crore (Sep`18 Rs 41.72 crore).