PSU Stock Dividend Alert! Rs. 4 Payout, Record Date On Valentine's Day; A Perfect Bet?

Bharat Dynamics Limited (BDL), a public sector undertaking under the Ministry of Defence, Government of India, was established on July 16, 1970, with its headquarters located in Hyderabad. The corporation has cutting-edge facilities for producing and supplying the Indian Armed Forces with airborne products, underwater weapons, guided missiles, and related arms and ammunition. One of BDL's four production facilities is in Andhra Pradesh (Visakhapatnam), and the other three are in Telangana State (Hyderabad, Bhanur, and Ibrahimpatnam).

Bharat Dynamics Dividend

"We wish to inform that the Board of Directors in its meeting held on 06.02.2025 has declared Interim Dividend for the Financial Year 2024-25 @ Rs. 4 per share of the face value of Rs. 5/- each. The Company has fixed 14 February, 2025 as "Record Date" for the purpose of payment of Interim Dividend on equity shares for the Financial Year 2024-25," said the PSU company in a stock exchange filing.

Bharat Dynamics Q3 Financials

In the third quarter of the current fiscal year (Q3 FY25), Bharat Dynamics reported a 9% increase in net profit to Rs 147.12 crore. In the same quarter of the previous fiscal year, the company's net profit was Rs 135.03 crore. In the quarter under review, its revenue from operations climbed 38% year on year (YoY) to Rs 832.13 crore from Rs 601.61 crore reported in Q3 FY24. In the third quarter of FY25, the company's earnings before interest, tax, depreciation, and amortisation (EBITDA) shot up from Rs 119 crore in Q3FY24 to Rs 127 crore, a 7% growth. Its EBITDA margin decreased to 15.3% from 19.8% in the same period last year.

Bharat Dynamics Share Price Target

"Bharat Dynamics stock price is bearish on the Daily charts with strong resistance at 1260. A Daily close below support of 1179 could lead to a target of 1070 in the near term," commented A R Ramachandran, Independent Research Analyst.

Disclaimer

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