BHARAT DYNAMICS Q2 Results 2024:BHARAT DYNAMICS declared their Q2 results on 14 Nov, 2024, revealing a significant decline in profits and revenues compared to the same quarter last year. The company’s profit fell by 16.7% year-over-year, amounting to ₹122.53 crore, while revenue also saw a decrease of 11.54%, totaling ₹544.77 crore.
Despite the year-over-year decline, there was a noticeable improvement compared to the previous quarter, with revenue growing by an impressive 184.97% and profit increasing dramatically by 1597.98%. This indicates a strong recovery trend from the preceding quarter.
The company’s Selling, General & Administrative expenses saw a slight decline of 3.51% quarter-over-quarter but increased by 9.86% year-over-year. This reflects the ongoing challenges the company is facing in controlling costs amidst fluctuating revenues.
Operating income showed a substantial increase of 219.38% compared to the previous quarter; however, it still fell by 30.39% year-over-year, suggesting that while the company is recovering from previous lows, it has not yet returned to its past performance levels.
Earnings per Share (EPS) for Q2 stood at ₹3.34, which marked a significant drop of 58.41% year-over-year, further highlighting the challenges faced by BHARAT DYNAMICS in maintaining profitability.
In terms of market performance, BHARAT DYNAMICS has experienced a decline of 8.13% in the last week and 4.37% over the past six months, although it has achieved a year-to-date return of 15.58%. The company’s current market capitalization is ₹36,273.19 crore, with a 52-week high of ₹1794.7 and a low of ₹541.52.
As of 17 Nov, 2024, analyst sentiment towards BHARAT DYNAMICS is mixed, with 2 analysts rating it as a Strong Sell, 3 as Buy, and 1 as Strong Buy. This reflects uncertainty about the company’s future performance amidst its recent results.
BHARAT DYNAMICS Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 544.77 | 191.17 | +184.97% | 615.81 | -11.54% |
| Selling/ General/ Admin Expenses Total | 141.92 | 147.09 | -3.51% | 129.19 | +9.86% |
| Depreciation/ Amortization | 17.67 | 15.67 | +12.78% | 17.43 | +1.37% |
| Total Operating Expense | 463.6 | 259.16 | +78.88% | 499.21 | -7.13% |
| Operating Income | 81.17 | -67.99 | +219.38% | 116.6 | -30.39% |
| Net Income Before Taxes | 166.47 | 11.23 | +1381.92% | 194.12 | -14.24% |
| Net Income | 122.53 | 7.22 | +1597.98% | 147.09 | -16.7% |
| Diluted Normalized EPS | 3.34 | 0.2 | +1570% | 8.03 | -58.41% |
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