Bharat Dynamics (BDL) Q3 25/26 earnings summary

Executive summary

• Unaudited financial results for the quarter and nine months ended 31 December 2025 were approved by the Board on 31 January 2026.

• Interim dividend of ₹4.5 per share declared for FY 2025-26, with a record date of 9 February 2026.

Financial highlights

• Revenue from operations for Q3 FY26 was ₹54,856.26 lakh, compared to ₹79,928.91 lakh in Q2 FY26 and ₹1,14,708.10 lakh in Q3 FY25.

• Net profit for Q3 FY26 stood at ₹7,292.20 lakh, down from ₹14,712.54 lakh in Q2 FY26 and ₹21,588.37 lakh in Q3 FY25.

• Nine-month revenue reached ₹1,92,673.62 lakh, with net profit at ₹30,715.55 lakh, both lower year-over-year.

• Basic and diluted EPS for Q3 FY26 was ₹1.99, compared to ₹4.01 in Q2 FY26 and ₹5.89 in Q3 FY25.

Outlook and guidance

• The company continues to monitor the impact of new labor codes and will evaluate further effects on employee benefit liabilities.