HomeBusiness NewsCompanies NewsBharat Dynamics eyes new orders worth ₹20,000 crore over next 2-3 years
Bharat Dynamics eyes new orders worth ₹20,000 crore over next 2-3 years
The Miniratna defence PSU expects revenue growth of 20-25% for FY25, with margins of nearly 20%.
Bharat Dynamics, a manufacturer of ammunition and missile systems, is targeting new orders worth ₹20,000 crore over the next 2-3 years.
A Madhavarao, CMD of Bharat Dynamics said, “The coalition government is a reality, but I don't see any great impact on the momentum on the defence procurements and the investment in defence."
The company had an orderbook of around ₹19,500 crore at the end of FY24, which has an execution period of 4-5 years.
The company projects a revenue growth of 20-25% for FY25, with margins expected to approximate 20%.
The miniratna defence public sector enterprise on May 30 reported an 89% increase in net profit for the January-March quarter over last year to ₹289 crore.
Also Read: Bharat Dynamics Q4 Results | Net profit zooms 89%, dividend declared
Bharat Dynamics had at the end of May announced a stock split. The company said it will divide one equity share with a face value of ₹10 into two equity shares of face value of ₹5 each. This was the first ever stock split carried out by the company.
At its current price, the stock has risen 232% from its debut at ₹428 per share in March 2018.
The market capitalisation of Bharat Dynamics is around ₹52,938.96 crore. Its shares have gained close to 153% in the past year.
For more details, watch the accompanying video
Catch all the latest updates from the stock market here
A Madhavarao, CMD of Bharat Dynamics said, “The coalition government is a reality, but I don't see any great impact on the momentum on the defence procurements and the investment in defence."
The company had an orderbook of around ₹19,500 crore at the end of FY24, which has an execution period of 4-5 years.
The company projects a revenue growth of 20-25% for FY25, with margins expected to approximate 20%.
The miniratna defence public sector enterprise on May 30 reported an 89% increase in net profit for the January-March quarter over last year to ₹289 crore.
Also Read: Bharat Dynamics Q4 Results | Net profit zooms 89%, dividend declared
Bharat Dynamics had at the end of May announced a stock split. The company said it will divide one equity share with a face value of ₹10 into two equity shares of face value of ₹5 each. This was the first ever stock split carried out by the company.
At its current price, the stock has risen 232% from its debut at ₹428 per share in March 2018.
The market capitalisation of Bharat Dynamics is around ₹52,938.96 crore. Its shares have gained close to 153% in the past year.
For more details, watch the accompanying video
Catch all the latest updates from the stock market here
(Edited by : Shweta Mungre)
First Published: Jun 10, 2024 2:15 PM IST
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