BDL shares rise 7% after strong Q2 gains and win of Rs 2,100 cr defense order

Shares of Bharat Dynamics Ltd (BDL) rose 7.2% to hit an intraday high of Rs 1,628.60 on Friday after announcing robust earnings for the second quarter of 2026 and a major defense order from the Indian government.The state-owned defense manufacturer reported a 76.2% year-on-year increase in profit after tax (PAT) to Rs 216 crore in the September quarter, compared to Rs 123 crore in Q2FY25. Revenue doubled to Rs 1,147 crore, registering 110.6% YoY growth, while EBITDA rose 90% to Rs 188 crore.

However, the EBITDA margin shrank by 170 basis points to 16.4%.In another major development, BDL also announced receipt of a Rs 2,095.70 crore contract from the Ministry of Defense for supply of Invar anti-tank missiles to the Indian Army.

“In accordance with Regulation 30 of SEBI (LODR) Regulations, 2015, (as amended), we would like to inform that BDL has today signed a contract worth Rs 2,095.70 crore with the Ministry of Defense for supply of Invar anti-tank missiles for the Indian Army,” the company said through an exchange filing.

According to the company’s stock exchange filing, the order will be executed over a three-year period.

Price development BDL

Over the past year, Bharat Dynamics shares have delivered an impressive 63.71% return, underscoring strong investor interest and robust performance. Year-over-year (YTD), the stock is up 42.93%, strengthening its momentum into 2025.

Also read: Sagility rises nearly 6% after Rs 2.2 crore shares changed hands in a block deal

While the stock is up 2.75% over the last three months and 8.8% over the last month, it has made some gains over the six-month period, down 8.19%. Despite the medium-term dip, the broader trend remains positive, supported by strong long-term gains.

(Disclaimer: Recommendations, suggestions, views and opinions expressed by the experts are their own. These do not represent the views of The Economic Times)