Corporate News     05-Apr-23
Bharat Dynamics records turnover of Rs 2458 cr in FY23
Bharat Dynamics recorded a turnover of Rs.2458 crore approx. (provisional and unaudited) for the financial year ended on 31 March 2023 as compared to Rs 2817 crore in the corresponding period of previous year.

The reasons for shortfall is:

a) Delay in receipt of imported electronic items and critical explosive materials from Original Equipment Manufacturers (OEMs).
b) Design changes in the production of naval product.
c) Delay in receipt of MR-SAM kits from OEM is also resulted in non-completion of production.

This shortfall is expected to be recovered in current financial year.

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