Board has approved Final dividend for the FY 2024-25.
Awaiting price reaction for this filing.
Bharat Dynamics Limited (BDL), a Government of India defence enterprise, reported audited financial results for FY2024-25 alongside a recommended final dividend of Rs 0.65 per share (face value Rs 5). This follows an interim dividend of Rs 4.00 per share already paid in February 2025, bringing the total dividend to Rs 4.65 per share for the year. Revenue from operations grew sharply to Rs 3,34,505 lakh from Rs 2,36,928 lakh in FY24 (~41% growth), driven by strong sales of Rs 3,32,307 lakh. However, profit after tax declined to Rs 54,965 lakh from Rs 61,272 lakh, and EPS fell to Rs 14.99 from Rs 16.72, mainly because other income dropped sharply to Rs 8,849 lakh from Rs 36,183 lakh. The auditor issued an unmodified opinion but flagged emphasis-of-matter items including a Rs 13,461 lakh provision for an onerous defence contract and Rs 8,331 lakh of non-moving inventory.
Strong top-line growth from defence order execution is a positive for the business, but falling profits and EPS may concern income-focused investors. The total dividend of Rs 4.65 per share is lower than typical defence PSU payouts on the reduced face value, and the onerous contract provision signals execution risk on a global supply chain deal. Shareholders will receive the final dividend within 30 days of AGM approval.