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Bharat Dynamics reports 66% fall in Q2 net profit

Bharat Dynamics reports 66% fall in Q2 net profit

Bharat Dynamics has reported results for second quarter ended September 30, 2018.

The company has reported 66.22% fall in its net profit at Rs 28.34 crore for the quarter under review as compared to Rs 83.89 crore for the same quarter in the previous year. Total income of the company decreased by 32.15% at Rs 629.88 crore for Q2FY19 as compared Rs 928.28 crore for the corresponding quarter previous year.

Bharat Dynamics is engaged in manufacturing of Surface to Air missiles (SAMs), Anti-Tank Guided Missiles (ATGMs), underwater weapons, launchers, countermeasures and test equipment.