The order is to be executed in three years.
It did not mention more details on the order as they were confidential in view of national security.
Earlier this month, brokerage firm Motilal Oswal initiated coverage on the stock with a “neutral” rating and a price of ₹1,900 per share.
It said it likes the company’s business model and its ability to scale revenues and grow its order book in the current scenario. However, given the present fair valuations, it would prefer low entry points.
The company’s net profit in the fourth quarter of the financial year 2025 declined 5.5% to ₹272.7 crore from ₹288.8 crore in the previous year. Its revenue increased to 1,777 crore from ₹854 crore in the year-ago period.
However, the company’s earnings before interest taxes depreciation and amortisation declined 5.5% to ₹299 crore in the March quarter in comparison to ₹316.3 crore in the previous fiscal. Its EBITDA margin contracted to 16.83% from 37.04% in the year-ago period.
Bharat Dynamics shares were trading 2.02% lower at ₹1,662.8 apiece around 1pm on Friday, July 25. The stock has declined 8% in the past month but has gained 47.13% this year, so far.
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