Bharat Dynamics shares rally over 7%: From profit surge in Q2 to new missile orders, all you need to know

The state-run firm on Thursday signed a contract worth ₹2,095.70 crore with the Ministry of Defence for the supply of Invar anti-tank missiles for the Indian Army. The terms and conditions of the contract, however, were confidential in view of national security.

The order will be executed in a span of three years.

How the firm performed in Q2 FY26

Bharat Dynamics also saw a 76.19% year-on-year (YoY) surge in its net profit to ₹216 crore for the second quarter of the 2025-26 financial year (Q2FY26).

Sequentially, it marked a steep jump in profit, which was at ₹18 crore in the first quarter of the current FY26.

The defence PSU’s revenue from operations increased a little over two-fold annually to ₹1,147 crore during the quarter under review, compared to ₹545 crore in the September quarter of the 2024-25 fiscal year (Q2FY25). In the quarter-ago period, its revenue was at ₹247.93 crore.

Its EBITDA (earnings before interest, tax, depreciation and amortisation), also known as operating profit, stood at ₹188 crore in the second quarter of FY26, marking a 90% YoY growth from ₹99 crore in the year-ago period.

In the June FY26 quarter, the state-owned firm had posted an EBITDA loss of ₹45 crore.

The PSU’s EBITDA margin contracted by approximately 10 basis points (bps) YoY to 16.35% during the reporting quarter, in contrast to 18.14% in Q2FY25.

Bharat Dynamics share price

At 10:10 AM, shares of Bharat Dynamics were trading at ₹1,607.5 apiece on the National Stock Exchange, rallying 5.9%.

Over the last five trading days, shares of the company have gained over 9%. For a six-month period, it has declined 8.7%. From the beginning of the year, BDL shares have zoomed more than 42%.

The defence company’s market capitalisation stands at ₹59,016.56 crore.

Shares of the firm had touched their one-year high of ₹2,096.60 apiece on May 30, 2025, while their 52-week low of ₹890 was hit on November 18, 2024.

Incorporated in 1970, Bharat Dynamics Limited (BDL) is an Indian public sector undertaking under the Ministry of Defence, specialising in the manufacture of guided missile systems and related equipment for the Indian Armed Forces.  As of June 2025, the government held a 74.93% stake in the defence PSU.