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The Economic Times
The Economic Times
Business
Veer Sharma

Bharat Dynamics shares tank 8% after weak Q4 results; Motilal Oswal cuts target price

Bharat Dynamics

Shares of defence company Bharat Dynamics Ltd (BDL) crashed 8.5% to their day's low of Rs 1,175 on the BSE on Friday after it reported a sharp decline in its standalone earnings for the January-March quarter of FY26, with net profit falling 58.5% year-on-year (YoY) to Rs 113.18 crore from Rs 272.77 crore in the corresponding quarter last year.

Revenue from operations also saw a steep drop during the quarter, declining nearly 73% YoY to Rs 480 crore, compared with Rs 1,777 crore reported in the same period of the previous financial year.

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