The announcement was made on Tuesday, 19 September 2023.

Bharat Dynamics is engaged in the manufacturing of missiles and allied defence equipments. The company provides majority of its goods and services to the Indian Armed forces and Government of India.

The company's net profit rose 4.92% to Rs 41.82 crore despite 56.93% decline in sales to Rs 295.69 crore in Q1 FY24 over Q1 FY23.

The scrip fell 1.10% to currently trade at Rs 1044.15 on the BSE.