Integrated Filing — IndAS



General information about company
Scrip Code 541143
NSE Symbol BDL
MSEI Symbol NOTLISTED
ISIN INE171Z01026
Name of company Bharat Dynamics Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 27-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 20-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment manufacture of weapons system
Start date and time of board meeting 27-May-2025   13:30:00
End date and time of board meeting 27-May-2025   16:20:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? No
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? No
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2023-05-23
Indicate Company website link for updated RPT policy of the Company https://bdl-india.in/sites/default/files/PolicyonRelatedPartyTransactions_1.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not applicable



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 17769764000 33450516000
Other income 995686000 3504017000
Total income 18765450000 36954533000
2 Expenses
(a) Cost of materials consumed 13899199000 20997580000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -3377537000 -4218642000
(d) Employee benefit expense 1378886000 5487989000
(e) Finance costs 7135000 33091000
(f) Depreciation, depletion and amortisation expense 196528000 706961000
(f) Other Expenses
1 Misellaneous Operating Expenses 1368721000 2272861000
2 Power and Fuel 55851000 241489000
3 Provisions Net Off Written back 1028151000 2496529000
4 Publicity 33464000 117186000
5 Rates and Taxes 3335000 18165000
6 Repairs 101030000 350618000
7 Security Arrangements 177095000 570695000
8 Travelling 57039000 196074000
9 Others 54803000 196311000
Total other expenses 2879489000 6459928000
Total expenses 14983700000 29466907000
3 Total profit before exceptional items and tax 3781750000 7487626000
4 Exceptional items 0 0
5 Total profit before tax 3781750000 7487626000
6 Tax expense
7 Current tax 1329406000 2512123000
8 Deferred tax 275375000 -520949000
9 Total tax expenses 1604781000 1991174000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 2176969000 5496452000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period 2176969000 5496452000
17 Other comprehensive income net of taxes 6261000 2651000
18 Total Comprehensive Income for the period 2183230000 5499103000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 1832812000 1832812000
Face value of equity share capital 5 5
27 Details of debt securities
22 Reserves excluding revaluation reserve 38256696000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 7.44 14.99
Diluted earnings (loss) per share from continuing operations 7.44 14.99
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 7.44 14.99
Diluted earnings (loss) per share from continuing and discontinued operations 7.44 14.99
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) Ministry of Corporate Affairs (MCA) vide GSR No. 463 (E) dated 5 June 2015 as amended vide notification No. 1/2/2014-CL-V dated 23 February 2018 has exempted the Government companies engaged in defence production from the requirement of segment reporting. nThe financial result for the year ended 31 March 2025 have been audited by the Statutory auditors of the company. nThe audited results for the year ended 31 March 2025 are subject to supplementary audit by the Comptroller and Auditor General of India u/s 143(6) of the Companies Act, 2013 nThe above statement of financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their respective held on 27 May 2025. nDuring the year 2024-25, the company has invested in Electronic Warfare (Defence) Testing Foundation and Advanced Materials (Defence) Testing Foundation, which are not-for-profit companies registered under Section 8 of the Companies Act, 2013. Though these entities are associates, these entities arenot considered for preparation of consolidated financial statements as the company does not have rights to variable returns from its involvement, other than equity investment. nDuring the year 2023-24, an amount of Rs 16491.29 lakh has been adjusted to cost of materials consumed on account of refund received from customer and consequent liability reversed against reimbursement of expenditure incurred in the past on materials / stores procured by the in accordance with terms of the contracts. nDuring the quarter ended 31 December 2024, the Company conducted an assessment of its customer contracts, including a specific contract aimed at gaining exposure to the niche technology in the global defence industry.This contract presents opportunities for the company to become part of global supply chain partner of a leading defence manufacturer. These opportunities are not immediate and are expected to materialize in the future. The company thus classifies this contract as an onerous contract in accordance with Ind AS 37. Provisions, Contingent Liabilities and Contingent Assests, and according the company had recognized a provision of rs 13461.18 lakh in the financial statements for the quater ended 31 December 2024. The Comapny has further evaluated the contract during the quarter ended 31 march 2025 and made an additional provision of Rs. 678.96 lakh. The company will continue to evaluate these contracts periodically and adjust provisions as necessary in subsequent report periods. nPlease also refer notes to accounts of financial result PDF uploaded with stock exchanges for more information.



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 6673724000
Capital work-in-progress 1171482000
Investment property 97000
Goodwill 0
Other intangible assets 1897063000
Intangible assets under development 1131725000
Biological assets other than bearer plants 0
Investments accounted for using equity method 0
Non-current financial assets
Non-current investments 39060000
Trade receivables, non-current
Loans, non-current 12577000
Other non-current financial assets 1057112000
Total non-current financial assets 1108749000
Deferred tax assets (net) 1227339000
Other non-current assets 435480000
Total non-current assets 13645659000
2 Current assets
Inventories 26451090000
Current financial asset
Current investments 0
Trade receivables, current 8263563000
Cash and cash equivalents 1338568000
Bank balance other than cash and cash equivalents 40565100000
Loans, current 44154000
Other current financial assets 9649930000
Total current financial assets 59861315000
Current tax assets (net)
Other current assets 17466779000
Total current assets 103779184000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 117424843000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 1832812000
Other equity 38256696000
Total equity attributable to owners of parent 40089508000
Non controlling interest
Total equity 40089508000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 0
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities 33279500000
Total non-current financial liabilities 33279500000
Provisions, non-current 4339000
Deferred tax liabilities (net)
Deferred government grants, Non-current
Other non-current liabilities 449804000
Total non-current liabilities 33733643000
Current liabilities
Current financial liabilities
Borrowings, current 0
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 322164000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 14733441000
Total Trade payable 15055605000
Other current financial liabilities 3675409000
Total current financial liabilities 18731014000
Other current liabilities 19780672000
Provisions, current 5076390000
Current tax liabilities (Net) 13616000
Deferred government grants, Current
Total current liabilities 43601692000
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 77335335000
Total equity and liabilites 117424843000
Disclosure of notes on assets and liabilities Textual Information(1)



Text Block
Textual Information(1) 1.Right of use assets amounting to Rs 5093.45 Lakh is included in other Intangible Assets . n2.Lease Liability amounting to Rs 31.52 Lakh is included in other Non current Financial Liabilities n3.Lease Liability amounting to Rs 179.98 Lakh is included in other current Financial Liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeaurement of define benefit plan 8366000 3542000
Total Amount of items that will not be reclassified to profit and loss 8366000 3542000
2 Income tax relating to items that will not be reclassified to profit or loss 2105000 891000
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss
5 Total Other comprehensive income 6261000 2651000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 7487626000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 33091000
Adjustments for decrease (increase) in inventories -6476280000
Adjustments for decrease (increase) in trade receivables, current -5159091000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -1394064000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 30214000
Adjustments for other financial assets, current 913024000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 7071734000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 4626451000
Adjustments for increase (decrease) in other non-current liabilities -3182907000
Adjustments for depreciation and amortisation expense 706961000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current -874835000
Adjustments for provisions, non-current 332000
Adjustments for other financial liabilities, current 758223000
Adjustments for other financial liabilities, non-current -14162000
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 2998997000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) -12026000
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items 2190024000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -3782308000
Net cash flows from (used in) operations 3705318000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 2031426000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 1673892000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 39060000
Proceeds from sales of property, plant and equipment 43000
Purchase of property, plant and equipment 1080438000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 1746976000
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 3013879000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -4218700000
Net cash flows from (used in) investing activities -4071252000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 0
Repayments of borrowings 0
Payments of lease liabilities 16261000
Dividends paid 2167042000
Interest paid 19189000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -2202492000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -4599852000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents -4599852000
Cash and cash equivalents cash flow statement at beginning of period 5938420000
Cash and cash equivalents cash flow statement at end of period 1338568000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Tejraj and Pal Yes 31-Jul-2027