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The board of Bharat Dynamics approved payment of interim dividend for the Financial Year 2020-21 at Rs 6.70 per share of the face value of Rs 10 each. The record date is set on 20 March 2021.
Shares of Bharat Dynamics were up 0.74% at Rs 362.65 on BSE. At the ruling market price, the dividend yields work out to 1.85%.
Bharat Dynamics manufactures defense equipment. The company offers ammunitions, counter measures dispensing, infra-red interference indicators, and missile systems. It serves military and aerospace industries in India. As of 31 December 2020, the Government of India held 74.93% stake in the company.
The company's standalone net profit fell 7.5% to Rs 49.19 crore on 8.9% decline in net sales to Rs 451.56 crore in Q3 FY21 over Q3 FY20.
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