Friday, June 24, 2022

BDL posts net profit growth of 94% of Rs 500 crores in FY’22

Bharat Dynamics Limited (BDL) has posted a 94% increase in net profit of Rs 500 crores in Financial Year 2021-22 against Rs 248 crores in Financial Year 2020-21

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New Delhi: Miniratna Defence PSU, Bharat Dynamics Limited (BDL) has posted a net profit of Rs 500 crore in the financial year 2021-22 against Rs 248 crores in the previous financial year. The company has achieved a sales turnover of Rs 2,817 crore during the fiscal year 2021-22 and registered a strong recovery of about 47 percent jump in turnover over that of the previous year Rs 1,914 crore.

The company has posted a profit before tax (PBT) of Rs 710 crore as against Rs 341 crore over previous with a growth of 108 percent. The profit after tax (PAT) stood at Rs 500 crore as against Rs 258 crore of previous year with a growth of 94 percent.

While, during the fourth quarter (Q4) of FY 2021-22, BDL has achieved turnover of Rs 1,381 crore and net profit (PAT) of Rs 264 crore as against turnover of Rs 1,137 crore and PAT of Rs 260 crore respectively during the corresponding previous period.

The order book position of the company as of April 1, 2022, stood at Rs 10,170 crore which will be executable in the next 2-3 years.

BDL has received leads for the export of Akash to friendly foreign countries, which is expected to be materialized in one to two years.

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