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Bharat Dynamics Ltd

Q2 FY24Aerospace & Defense

Bharat Dynamics Q2 FY24: Revenue ₹913.53 Cr, PAT ₹189 Cr

Q2 FY24 investor presentation: what the company reported on revenue, margins and projects.

Price₹1,155
Market cap₹43.9K Cr
P/E84.2
Updated25 Sept 2026
Read4 min read

Based on Bharat Dynamics Ltd's Q2 FY24 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the presentation reports, not management guidance.

The short version

Revenue from Operations for H1 FY24: ₹913.53 Cr; H1 FY23: ₹1229.58 Cr, reflecting a ~26% decline year-on-year (Page 9). - Value of Production for H1 FY24: ₹874.73 Cr; H1 FY23: ₹1366.60 Cr, indicating a ~36% decline year-on-year (Page 10). - Revenue from Operations for FY23: ₹2489.39 Cr; FY22: ₹2817.40 Cr, a ~12% decline year-on-year (Page 9). - Target Revenue for FY24 is ₹3200 Cr (Page 8). - Order Book as of 30 Sep 2023: ₹20,766 Cr, up from ₹20,054 Cr as of 1 Apr 2023 (Page 8). - Export order position approx. For H1 FY24, Bharat Dynamics Limited reports: - EBITDA: ₹136 Cr, up 63% year-on-year (from ₹83 Cr in H1 FY23 inferred from % increase) - PAT: ₹189 Cr, up 63% year-on-year (from ₹116 Cr in H1 FY23)

From Bharat Dynamics Ltd's Q2 FY24 earnings-call transcript · updated 25 Sept 2026.

Revenue & Sales Performance

  • Revenue from Operations for H1 FY24: ₹913.53 Cr; H1 FY23: ₹1229.58 Cr, reflecting a ~26% decline year-on-year (Page 9).
  • Value of Production for H1 FY24: ₹874.73 Cr; H1 FY23: ₹1366.60 Cr, indicating a ~36% decline year-on-year (Page 10).
  • Revenue from Operations for FY23: ₹2489.39 Cr; FY22: ₹2817.40 Cr, a ~12% decline year-on-year (Page 9).
  • Target Revenue for FY24 is ₹3200 Cr (Page 8).

2 more points management made on revenue & sales performance

Profitability & Margins

See what Bharat Dynamics Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • New Facilities Setting Up: Ibrahimpatnam (Telangana), Amravati (Maharashtra), and Jhansi (Uttar Pradesh).
  • Established Facilities: Static test facility at Ibrahimpatnam; 5 MW solar power plants at Bhanur and Ibrahimpatnam Units.
  • Seeker Facility Center: Established at Hyderabad.
  • Warhead Production Facility: Established; setting up High Temperature Carbon Composite Manufacturing facility underway at Hyderabad.
  • Other Facilities: Surface Mount Technology and High Performance Computing facility at Hyderabad; Environmental Test Facility at Vizag Unit; Industry 4.0 implementation at Bhanur Unit.

2 more points management made on capital expenditure plans

Top-ranked in Aerospace & Defense

Ranked on what management guided this quarter

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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Bharat Dynamics Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

  • Order Book as of 1 April 2023: INR 20,054 Crore
  • Order Book as of 30 September 2023: INR 20,766 Crore
  • New Orders received from April 2023 to September 2023: INR 1,659 Crore
  • Export Order Position as on 30 September 2023: Approximately INR 2,600 Crore

2 more points management made on order book & pipeline

Bharat Dynamics Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹480 Cr, net profit ₹113 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

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Frequently Asked Questions

What were Bharat Dynamics Ltd Q2 FY24 results?

Revenue from Operations for H1 FY24: ₹913.53 Cr; H1 FY23: ₹1229.58 Cr, reflecting a ~26% decline year-on-year (Page 9). - Value of Production for H1 FY24: ₹874.73 Cr; H1 FY23: ₹1366.60 Cr, indicating a ~36% decline year-on-year (Page 10). - Revenue from Operations for FY23: ₹2489.39 Cr; FY22: ₹2817.40 Cr, a ~12% decline year-on-year (Page 9). - Target Revenue for FY24 is ₹3200 Cr (Page 8). - Order Book as of 30 Sep 2023: ₹20,766 Cr, up from ₹20,054 Cr as of 1 Apr 2023 (Page 8). - Export order position approx. For H1 FY24, Bharat Dynamics Limited reports: - EBITDA: ₹136 Cr, up 63% year-on-year (from ₹83 Cr in H1 FY23 inferred from % increase) - PAT: ₹189 Cr, up 63% year-on-year (from ₹116 Cr in H1 FY23)

What is Bharat Dynamics Ltd share price analysis?

Bharat Dynamics Ltd currently shows a neutral. The stock trades at a P/E of 84.2 with a market cap of ₹43,863 Cr. Investors should review the full earnings analysis for detailed insights.

Is Bharat Dynamics Ltd planning capital expenditure?

New Facilities Setting Up: Ibrahimpatnam (Telangana), Amravati (Maharashtra), and Jhansi (Uttar Pradesh).

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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.