Bharat Dynamics Bags ₹809 Cr Order; Strong Revenue, But Margins Under Pressure

has secured a fresh ₹809 crore order from Armoured Vehicles Nigam Ltd for the supply of an anti-tank guided missile system, to be delivered over the next three years. While this strengthens BDL’s order book and reflects strong domestic defence demand, the company’s recent financials show a mixed picture. In Q4 FY25, revenue grew sharply to ₹1,777 crore from ₹854 crore a year ago, but net profit fell 5.5% YoY to ₹272.7 crore. Operating performance was weaker, with EBITDA down 5.5% to ₹299 crore and margin contracting significantly to 16.83% from 37.04%. A major brokerage has initiated coverage with a “neutral” view, highlighting BDL’s growth potential but also noting current valuations leave limited upside. Going forward, focus should remain on execution, cost control, and margin recovery. Follow me for more such updates, Thank You! Disclaimer: This post is for informational purposes only and not a recommendation to buy or sell any securities. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.