1:2 Stock Split: Defence PSU Q4 Profit Zooms 89.05%, Declares Re 0.85 Dividend, YTD Gain 79%

Mid cap defence public sector undertaking (PSU) Bharat Dynamics today declared its net profit for the quarter ended March 31, 2024 at Rs 288.77 crore, up 89.05% as against Rs 152.75 net profit declared in the corresponding quarter of last year. The Board of Directors of Bharat Dynamics recommended a final dividend of Re 0.85 per share of the face value of Rs 5/- each for the FY ended March 31, 2024.

Bharat Dynamics shares offered attractive return of 49.53% in last 2-weeks only and jumped 166% in last 6-months. The PSU earlier recommended 1:2 stock split and shares traded ex-split on May 24, 2024. Life Insurance Corporation Of India has 1.43% stake in Bharat Dynamics as the PSU insurer has 2,626,403 shares of the company. The company has a market capitalisation of Rs 56,698.05 crore. More details below:

Bharat Dynamics Recommends Dividend: As per the BSE filing of Bharat Dynamics dated May 30, 2024, "the Board of Directors of the Company have recommended a final Dividend @ Rs 0.85 per share (face value of Rs.5/-each) for the year ended 31.03.2024. This Dividend upon approval by the shareholders at the ensuing Annual General Meeting(AGM) will be paid within 30 days from the date of AGM."

Bharat Dynamics Stock Split In 2024: Th BSE filing of the PSU as on April 29, 2024 set May 24, 2024 as the record date to determine eligibility of shareholders for sub-division/ split of existing 1 (One) Equity Share of face value of Rs. 10/- (Rupees Ten Only) each fully paid up into 2 (Two) Equity Shares of face value of Rs. 5/- (Rupees Five Only) each fully paid up.

Bharat Dynamics Shares Performance & Return: The 52-week high price of Bharat Dynamics shares on BSE is Rs 1650.05 (as on 24/05/2024) and 52-week low price is Rs 450.50 apiece (as on 25/10/2023), respectively. Bharat Dynamics shares zoomed gained 79% year-to-date, soared 195% in last 1-year, offered return of 314% in last 2-years, and surged 765% in last 3-years.

Bharat Dynamics Q4 Earnings Report: Bharat Dynamics for the quarter ended March 31, 2024 declared its revenue from operations at Rs 854.12 crore as against Rs 798.25 crore in the corresponding quarter of last year. The PSU for the March 2024 quarter declared its total income at Rs 942.60 crore as against Rs 835.42 crore in the similar quarter of last year. Total expenses of Bharat Dynamics for March 2024 quarter arrived at Rs 554.73 crore as compared to Rs 629.61 crore in the corresponding quarter of last year. EPS of the PSU for March 2024 quarter came at Rs 7.88 from Rs 4.17 in March 2023.

Bharat Dynamics Ltd About: Headquartered in Hyderabad, Bharat Dynamics Limited (BDL), was incorporated on 16 July, 1970 as a Public Sector Undertaking under the Ministry of Defence, Government of India to be the manufacturing base for guided missile systems and allied equipment for the Indian Armed Forces. Since its inception, BDL has been working in collaboration with DRDO & foreign Original Equipment Manufacturers (OEMs) for manufacture and supply of various missiles and allied equipment to Indian Armed Forces.

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