Bharat Dynamics surges 16% as profit jumps 2-fold in Q4 to Rs 310 crore

The company's revenue from operations during the quarter under review rose 64 per cent to Rs 1,435 crore from Rs 877 crore in the corresponding quarter of the previous fiscal.

Shares of Bharat Dynamics surged 16 per cent to Rs 349.70 in the early morning deals on the BSE on Tuesday after the company reported more-than-double net profit at Rs 309.72 crore in March quarter (Q4FY20) on the back of strong operational income. The state-owned defence company had logged profit of Rs 124.12 crore in the year-ago quarter.

In the past four trading days, the market price of Bharat Dynamics has appreciated by 34 per cent from level of Rs 261 on the BSE. At 09:36 am, the stock was trading 12.5 per cent higher at Rs 339 on the BSE,