EL7.AI
StocksMedium•12 November 2026•
3 min read

Bharat Dynamics revenue jumps 45.1% to 1,664 crore rupees as operating profit falls

Key Facts

1Revenue rose 45.1% to 1,664 crore rupees, exceeding the market estimate of 1,023 crore rupees.
2EBITDA fell 46.1% to 101 crore rupees, from 187.4 crore in the corresponding period, and below the estimate of 162 crore rupees.
3The company’s shares fell more than 4% in the November 12 session, trading between 1,028.40 and 1,128 rupees up to 1:50 p.m. India time.
4The company announced a 1,307 crore rupee contract with the Indian Navy, with an execution period of 42 months.

Bharat Dynamics revenue rose 45.1% year on year to 1,664 crore rupees in the second quarter of fiscal 2026-2027, exceeding the market estimate of 1,023 crore rupees, according to Business Upturn. Coverage compared reported revenue with 1,147 crore rupees in the corresponding period of the previous fiscal year. Net profit came in slightly below the market estimate of 186 crore rupees, the same source said. The company’s board approved the results on November 12, 2026, for the quarter and half year ended September 30. The quarter therefore presented a mixed picture, with revenue growth alongside a decline in operating profitability.

EBITDA fell 46.1% year on year to 101 crore rupees, from 187.4 crore in the corresponding quarter of fiscal 2025-2026, according to Business Upturn. The figure was below the market estimate of 162 crore rupees. The decline shows that revenue growth was not matched by a similar increase in operating earnings during the quarter. The company had recorded a higher EBITDA level in the corresponding period, putting the current performance in the context of a clear annual decline. This came alongside revenue exceeding estimates while EBITDA fell short.

Other income rose to 167 crore rupees in the second quarter, from 121 crore in the corresponding period of the previous fiscal year, according to Business Upturn. Meanwhile, tax expenses fell to 62.7 crore rupees from 71.7 crore. These figures place changes in other income and taxes alongside the EBITDA decline, without changing the fact that operating earnings were below both their year-earlier level and the market estimate. Net profit came in slightly below the estimate of 186 crore rupees, the source said. The published comparisons indicate that the period’s line items did not move in a uniform direction.

Bharat Dynamics shares fell more than 4% during the November 12, 2026, session, according to data cited by Business Upturn at 1:50 p.m. India time. The stock traded between a low of 1,028.40 rupees and a high of 1,128 rupees during the session up to that time. The share move came on the day results coverage was published, after figures showed annual revenue growth alongside a decline in EBITDA. The figures published here do not include the stock’s close or any later movement during the session. The results approved by the board that day covered the period ended September 30, 2026.

The company announced on October 15, 2026, a 1,307 crore rupee contract with the Indian Navy to supply heavy-weight torpedoes, with execution to be completed over 42 months, according to Screener’s reference to the company’s disclosure on the Bombay Stock Exchange. The contract provides context on the company’s defense business ahead of the second-quarter results. The execution period sets a 42-month timeframe from the contract date, while the available information does not include a schedule for recognizing the related revenue. In the quarter ended September 30, revenue exceeded the market estimate, but EBITDA came in below estimates. The first-half results, approved by the board on November 12, remain part of the disclosure covering the period ended September 30.