India's Bharat Dynamics slumps to two-month low after quarterly profit, revenue drop
BUZZ-India's Bharat Dynamics slumps to two-month low after quarterly profit, revenue drop ** Shares of India's Bharat Dynamics BARA.NS drop 7.07% to 1,191.80 rupees, their lowest levels since March 20
** Company's fourth-quarter profit down 58.5% y/y to 1.13 billion rupees ($11.85 million), while revenue down 73% y/y to 4.8 billion rupees
** HDFC Securities ("reduce", TP: 1,080 rupees) says weaker-than-expected execution and deferred deliveries of key missile systems weighed on FY26 performance
** Expects new manufacturing facilities and a strong order book to support revenue growth from FY27
** BARA rated "hold" on average by 13 analysts, median PT at 1480 rupees, data compiled by LSEG
** YTD, BARA stock down 18.71%
($1 = 95.3625 Indian rupees)
(Reporting by Surbhi Misra in Bengaluru)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
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