Bharat Dynamics Extends Additional Charge of Director (Production) to Shri D. V. Srinivas Rao

1 min read Updated on 12 Feb 2026, 10:47 AM

Reviewed by

Riya DScanX News Team

Overview

Bharat Dynamics Limited has extended the additional charge of Director (Production) to Shri D. V. Srinivas Rao, Director (Technical), for three months from January 1, 2026. The extension was approved by the Appointment Committee of Cabinet and communicated by the Ministry of Defence on February 4, 2026. The arrangement continues until regular incumbent Cmde. Sujay Kapoor joins or the three-month period ends, whichever is earlier.

*this image is generated using AI for illustrative purposes only.

Bharat Dynamics Limited has announced the extension of additional charge of Director (Production) to Shri D. V. Srinivas Rao, continuing the interim leadership arrangement in the company's production division.

Ministry Approval and Timeline

The Ministry of Defence, Government of India, through letter No. DDP M0001(11)/1/2025-D(BDL) dated February 4, 2026, has conveyed the approval of the Appointment Committee of the Cabinet (ACC) for this extension. The company received intimation of this appointment on February 11, 2026.

Parameter:	Details
Effective Date:	January 1, 2026
Duration:	Three months
Current Position:	Director (Technical)
Additional Charge:	Director (Production)
Regular Incumbent:	Cmde. Sujay Kapoor

Appointment Details

Shri D. V. Srinivas Rao, who currently serves as Director (Technical), will continue to hold the additional charge of Director (Production) for a further period of three months with effect from January 1, 2026. The arrangement will continue until the joining of the regular incumbent, Cmde. Sujay Kapoor, or for the specified three-month period, whichever is earlier.

Regulatory Compliance

This announcement was made in continuation of the company's previous general update (Ref: BDL/CS/2026/SE-05) dated February 5, 2026. The communication was addressed to both the National Stock Exchange of India Limited and BSE Limited, ensuring compliance with regulatory disclosure requirements under Regulation 30.

Administrative Framework

The approval demonstrates the structured approach to interim leadership appointments in defense public sector undertakings. The Ministry of Defence's letter was circulated to various stakeholders including the Department of Public Enterprises, Public Enterprises Selection Board, Ministry of Corporate Affairs, and all members of BDL's Board of Directors, ensuring comprehensive communication across the administrative hierarchy.

Historical Stock Returns for Bharat Dynamics

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.89%	-3.50%	-17.24%	-16.88%	+10.67%	+637.50%

Bharat Dynamics

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Bharat Dynamics Q3 Net Profit Drops 50.4% YoY to ₹729.2 Million, EBITDA Margin Falls

1 min read Updated on 31 Jan 2026, 03:08 PM

Reviewed by

Shriram SScanX News Team

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Overview

Bharat Dynamics faced significant financial challenges in Q3 with net profit declining 50.4% year-on-year to ₹729.2 million and revenue falling to ₹5.6 billion from ₹8.3 billion. The company's EBITDA margin compressed dramatically to 4.59% from 15.30%, indicating operational pressures in the defense manufacturing segment.

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Bharat Dynamics Limited reported a significant decline in its Q3 financial performance, with net profit falling 50.4% year-on-year to ₹729.2 million compared to ₹1.5 billion in the corresponding quarter of the previous year. The defense manufacturing company's revenue from operations also contracted substantially to ₹5.6 billion from ₹8.3 billion in the year-ago period, reflecting challenging operating conditions.

Financial Performance Overview

The company's Q3 results demonstrate varied performance across different metrics, with profitability and operational efficiency showing notable pressure. EBITDA for the quarter stood at ₹260 million compared to ₹1.3 billion in the previous year, while EBITDA margin compressed significantly to 4.59% from 15.30% year-on-year.

Financial Metric:	Q3 Current	Q3 Previous Year	YoY Change (%)
Net Profit:	₹729.2 million	₹1.5 billion	-50.4%
Revenue:	₹5.6 billion	₹8.3 billion	-32.5%
EBITDA:	₹260 million	₹1.3 billion	-80.0%
EBITDA Margin:	4.59%	15.30%	-1071 bps

Operational Analysis

The substantial decline in revenue and profitability metrics indicates operational challenges faced by the company during the quarter. The sharp compression in EBITDA margin from 15.30% to 4.59% suggests increased cost pressures or pricing challenges in the defense manufacturing segment.

Dividend Declaration

Despite the challenging financial performance, the Board of Directors declared an interim dividend of ₹4.50 per share of face value ₹5.00 each. The company has fixed February 9, 2026 as the record date for interim dividend payment on equity shares, demonstrating management's commitment to shareholder returns.

Corporate Action:	Details
Interim Dividend:	₹4.50 per share
Face Value:	₹5.00 per share
Record Date:	February 9, 2026
Paid-up Capital:	₹18,328.12 lakhs

Key Highlights

The financial results were reviewed by the Audit Committee and approved by the Board of Directors during their 292nd meeting held on January 31, 2026. The Board meeting commenced at 12:30 PM and concluded at 2:30 PM, with arrangements made to publish result extracts in national and local newspapers as per regulatory requirements.

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