BHARAT DYNAMICS Q2 Results 2024: Profit Falls by 16.7% YOY

BHARAT DYNAMICS Q2 Results 2024:BHARAT DYNAMICS declared their Q2 results on 14 Nov, 2024, revealing a significant decline in profits and revenues compared to the same quarter last year. The company's profit fell by 16.7% year-over-year, amounting to ₹122.53 crore, while revenue also saw a decrease of 11.54%, totaling ₹544.77 crore.

Despite the year-over-year decline, there was a noticeable improvement compared to the previous quarter, with revenue growing by an impressive 184.97% and profit increasing dramatically by 1597.98%. This indicates a strong recovery trend from the preceding quarter.

The company's Selling, General & Administrative expenses saw a slight decline of 3.51% quarter-over-quarter but increased by 9.86% year-over-year. This reflects the ongoing challenges the company is facing in controlling costs amidst fluctuating revenues.

Operating income showed a substantial increase of 219.38% compared to the previous quarter; however, it still fell by 30.39% year-over-year, suggesting that while the company is recovering from previous lows, it has not yet returned to its past performance levels.

Earnings per Share (EPS) for Q2 stood at ₹3.34, which marked a significant drop of 58.41% year-over-year, further highlighting the challenges faced by BHARAT DYNAMICS in maintaining profitability.

In terms of market performance, BHARAT DYNAMICS has experienced a decline of 8.13% in the last week and 4.37% over the past six months, although it has achieved a year-to-date return of 15.58%. The company's current market capitalization is ₹36,273.19 crore, with a 52-week high of ₹1794.7 and a low of ₹541.52.

As of 17 Nov, 2024, analyst sentiment towards BHARAT DYNAMICS is mixed, with 2 analysts rating it as a Strong Sell, 3 as Buy, and 1 as Strong Buy. This reflects uncertainty about the company's future performance amidst its recent results.

Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.