Earnings · Defence and PSU · Q2 FY27 results declared
The Bharat Dynamics Q2 results date was Thursday, 12 November 2026, and the numbers are out: revenue up 45% to Rs 1,664 crore, net profit down 15% to Rs 183.5 crore and an EBITDA margin near 6%. This page keeps the date, the base, the order book and the guide, and links to the full Bharat Dynamics Q2 results FY27 analysis.
Quick answer
The Bharat Dynamics Q2 results date was Thursday, 12 November 2026. Revenue was Rs 1,664.14 crore, up 45.1% from the Rs 1,147 crore base, and net profit was Rs 183.48 crore, down 15.0% from Rs 215.88 crore, per Multibagg and Upstox.
Latest update (Thursday, 12 November 2026, 3:40 PM IST): Bharat Dynamics reported Q2 FY27 results on Thursday, 12 November 2026, with the first reports at about 1:41 PM IST. I found no dividend announcement, no order book update and no official closing price, and I have not opened the exchange filing. The earlier preview marks are kept below so the result can be checked against them.
Key takeaways
- Date: the board met on Thursday, 12 November 2026, as PSU Connect had reported on 4 November; the first reports appeared at about 1:41 PM IST.
- Result: revenue Rs 1,664.14 crore (+45.1%) and net profit Rs 183.48 crore (-15.0%), against the Rs 1,147.08 crore and Rs 215.88 crore base on this page.
- Margin: EBITDA was about Rs 101 crore against Rs 187 crore, a margin of 6.1% against 16.3%; expenses rose 61.7%.
- Other income: Rs 167.07 crore, about 68% of profit before tax, against the 62.5% mark for Q1 flagged here.
- Guide: first-half revenue of Rs 2,236.38 crore is 40.7% of the Rs 5,500 crore guide, leaving about Rs 1,632 crore a quarter (my calculation).
- Still open: no order book update, no dividend and no official close; the EBITDA line is a news figure.
In plain words: Bharat Dynamics (BDL) is a government-owned maker of missiles, torpedoes and related defence equipment. It earns revenue when it delivers, not when it wins an order, so quarters swing sharply with delivery timing.
Data note: Figures are as of 12 November 2026, 3:40 PM IST. Q2 FY27 figures come from Multibagg, Business Upturn and Upstox; earlier figures from PSU Connect, the Cofacto preview on CompoundingAI, Business Standard, Business Today, Upstox and Elara Capital as quoted by Business Today. I could not open the company’s filings. Derived numbers are my calculation. Estimates quoted from a source are that source’s, not mine.
In this post
- What did Bharat Dynamics report?
- When was the results date and time?
- What was the base to beat?
- Did it beat estimates, and what did the price do?
- What drives the quarter?
- How did the results compare with the scenarios?
- Decoder: what the filing answered
- How to read the filing
- What most people miss
- FAQs
- Sources
What did Bharat Dynamics report on the Bharat Dynamics Q2 results date?
On the Bharat Dynamics Q2 results date, 12 November 2026, BDL reported revenue of Rs 1,664.14 crore (+45.1%), EBITDA of about Rs 101 crore (-46%), profit before tax of Rs 246.16 crore (-14.4%) and net profit of Rs 183.48 crore (-15.0%), per Multibagg, Business Upturn and Upstox.
| Line (Rs crore, standalone) | Q2 FY27 reported | Q2 FY26 base | Q1 FY27 | Outcome |
|---|---|---|---|---|
| Revenue from operations | 1,664.14 | 1,147.08 | 572.24 | Above both: +45.1% and 2.9 times Q1 (my calculation) |
| Other income | 167.07 | 120.57 | Not found | +38.6% |
| Total expenses | 1,585.05 | 979.98 | Not found | +61.7% |
| EBITDA | About 101 | 187 | 50 or about 83 | Down 46% on the base |
| EBITDA margin | 6.1% | 16.3% | Not found | Far below the base |
| Profit before tax | 246.16 | 287.61 | About 165.5 (my estimate) | -14.4% on the base |
| Net profit | 183.48 | 215.88 | 118.79 | Below the base; +54.5% on Q1 |
Cite this table: Bharat Dynamics Q2 FY27 against the preview marks, as of 12 November 2026, 3:40 PM IST, PositionalCalls; Q2 FY27 per Multibagg, Business Upturn and Upstox.
The full line-by-line analysis, with the margin arithmetic, the cash flow and the price, is in Bharat Dynamics Q2 results FY27. Here I keep the date, the base and the order book that the preview raised. The preview said other income was most of Q1 profit before tax and that Q1 profit said little about the operating business. Q2 confirmed the point: other income of Rs 167.07 crore was about 68% of profit before tax, and revenue less expenses fell from about Rs 167 crore to about Rs 79 crore (my calculation). The figures are as reported by news sources and I have not opened the exchange filing.
When was the Bharat Dynamics Q2 results date and time?
The board met on Thursday, 12 November 2026 to consider results for the quarter and half-year ended 30 September 2026, as PSU Connect had reported on 4 November. The first reports appeared at about 1:41 PM IST, during market hours.
The first report I found is Multibagg at 1:41 PM IST, followed by Business Upturn at 1:45 PM and an Upstox article updated at 2:23 PM. I did not find the exact filing time and could not open the exchange intimation. Companies must report within 45 days of the quarter-end, which made Saturday, 14 November the limit; BDL reported on day 43 (my calculation). Last year the Q2 numbers came on 13 November 2025, per the earlier preview.
| Item | What was reported | Source and date | Status |
|---|---|---|---|
| Board meeting | 12 November 2026 | PSU Connect, 4 Nov 2026 | Held |
| Agenda | Results for the quarter and half-year to 30 Sep 2026 | PSU Connect; Cofacto, 7 Nov | Done |
| Results | Revenue Rs 1,664.14 crore; profit Rs 183.48 crore | Multibagg; Upstox, 12 Nov | Reported |
| Results time | First reports about 1:41 PM IST | Multibagg | Filing time not found |
| Dividend | No announcement found | Reports read | Check the filing |
| Analyst consensus | One unnamed estimate only | Business Upturn | Not verified |
Cite this table: Bharat Dynamics Q2 results date status, as of 12 November 2026, 3:40 PM IST, PositionalCalls.
See the Q2 results hub for the other reporters.
What was the profit and revenue base Bharat Dynamics had to beat in Q2 FY27?
The year-ago base was Q2 FY26: revenue of Rs 1,147.08 crore, up 114.2%, profit before tax of Rs 287.61 crore and net profit of Rs 215.88 crore, up 76.2%. It was a very high base, because Q1 FY27 revenue was only Rs 572.24 crore. Q2 FY27 revenue of Rs 1,664.14 crore cleared it; profit of Rs 183.48 crore did not.
| Standalone, Rs crore | Q2 FY26 | Q1 FY27 | What to compare |
|---|---|---|---|
| Revenue from operations | 1,147.08 (+114.2%) | 572.24 (+131% on 247.92) | Q2 FY27 above 572.24 is a sequential rise; above 1,147.08 beats the year-ago |
| Profit before tax | 287.61 (+72.8%) | Not stated in the pages I opened | Q1 PBT of about 165.5 is my estimate from other income |
| Net profit | 215.88 (+76.2%) | 118.79 (vs 18.34) | Q2 FY26 profit is 81.7% above Q1 FY27 (my calculation) |
| Total expenses | 979.98 (vs 464.33) | Not found | Cost of materials 781.66, up 272.18% |
| Employee costs | 162.38 (+14.42%) | Not found | Flat-ish costs mean margins depend on volume |
| Net profit margin | 18.8% (my calculation) | 20.8% (my calculation) | Q1 margin is flattered by other income |
| EBITDA | Not disclosed | 50 or about 83 (two bases) | Check the basis in the filing |
Cite this table: Bharat Dynamics standalone base, Business Standard (14 Nov 2025) and Business Today (14 Aug 2026), as of 12 November 2026, 3:40 PM IST.
The key number is the ratio. Q2 FY26 net profit of Rs 215.88 crore is 81.7% above Q1 FY27’s Rs 118.79 crore, and Q2 FY26 revenue is double Q1 FY27’s (my calculation). Q2 FY27 revenue of Rs 1,664.14 crore was 2.9 times Q1 FY27 and 45.1% above the year-ago quarter, while profit was 54.5% above Q1 and 15.0% below the year-ago quarter (my calculation).
Bharat Dynamics Q2 results date: the half-year base and the full-year guide
| Item | Figure | Note |
|---|---|---|
| H1 FY26 revenue | Rs 1,378.17 crore | Business Standard; +90.6% year on year |
| H1 FY26 net profit | Rs 234.23 crore | Business Standard; +80.5% |
| FY26 revenue | Rs 2,441.79 crore | Down 27.01% (Cofacto), on delivery phasing |
| FY27 revenue guide | About Rs 5,500 crore | Cofacto preview, as stated by the company |
| Left to book after Q1 | Rs 4,927.76 crore | My calculation: 5,500 less 572.24 |
| Average needed per quarter | Rs 1,642.6 crore | My calculation: 4,927.76 divided by 3 |
| That average versus Q2 FY26 | +43.2% | My calculation: 1,642.6 / 1,147.08 |
Cite this table: Bharat Dynamics half-year base and FY27 guide, Business Standard and Cofacto, as of 12 November 2026, 3:40 PM IST.
First-half revenue of Rs 2,236.38 crore (Q1 plus Q2, which ties to Multibagg) is 40.7% of the guide, leaving about Rs 3,264 crore, or about Rs 1,632 crore a quarter (my calculation). The guide is H2-weighted according to the Cofacto preview, so Q2 does not need to carry the full run-rate. The arithmetic still shows the scale of the task: the remaining three quarters have to average 43% above the year-ago Q2 for the company to reach its own number.
Business Upturn quotes an unnamed estimate of revenue Rs 1,023 crore, EBITDA Rs 162 crore and profit Rs 186 crore. Revenue was far above it, EBITDA about 37.7% below and profit about 1.4% below. I did not verify it, and the shares were at Rs 1,063.10 at 2:12 PM, down 3.35%.
| Line | Reported estimate (Business Upturn) | Q2 FY27 actual | Gap, my calculation |
|---|---|---|---|
| Revenue | Rs 1,023 crore | Rs 1,664 crore | +62.7% |
| EBITDA | Rs 162 crore | Rs 101 crore | -37.7% |
| EBITDA margin | 15.8% | 6.1% | About -9.7 points |
| Net profit | Rs 186 crore | Rs 183 crore | -1.6% on rounded figures |
Cite this table: Estimates as quoted by Business Upturn; not verified. Gaps calculated by PositionalCalls.
I found no second estimate and no named brokerage. A revenue gap of 63% suggests the estimate may be stale, so I do not treat it as the market view. Older broker views are shown below only as reported, with date and source; they are not PositionalCalls targets.
| Broker (as reported) | Rating | Target, Rs | Date | Source |
|---|---|---|---|---|
| Elara Capital | Accumulate (maintained) | 1,315 (cut from 1,580); 38x FY28E earnings | 3 Jun 2026 | Business Today |
| Motilal Oswal | Downgraded to Neutral | Not given | Not given | Business Today |
| Nuvama | Downgraded to Reduce | Not given | Not given | Business Today |
Cite this table: Bharat Dynamics broker views as reported, Business Today (3 June 2026), as of 12 November 2026, 3:40 PM IST.
The June reports were written after the weak FY26: sales missed the 30% growth target the company had set, and Elara expected the issues to ease through FY27. Those calls pre-date Q1 and the October torpedo order, so they are context, not a forecast of Q2.
Bharat Dynamics Q2 results date: price and valuation snapshot
| Item | Figure | Source or note |
|---|---|---|
| Share price, 12 Nov 2026 (result day, 2:12 PM) | Rs 1,063.10 (-3.35%); intraday low Rs 1,028.40 | Upstox; Business Upturn (previous close Rs 1,099) |
| Move since 6 Nov 2026 | +0.3% | My calculation: 1,063.10 / 1,060 – 1; the official close was not found |
| Share price, 6 Nov 2026 (close, about 3:58 PM) | Rs 1,060 (-1.4%) | Upstox |
| Share price, 14 Aug 2026 (Q1 day) | Rs 1,420 (+3.45%) | Business Today |
| Share price, 14 Nov 2025 (Q2 FY26 day) | Rs 1,597 (+5.17%) | Business Standard |
| 52-week range | Rs 974.00 to Rs 1,633.40 | Upstox |
| Market capitalisation | Rs 39,442 crore | Upstox, 6 Nov 2026 |
| Price to earnings | 74.59 | Upstox |
| Move since 14 Aug | -25.4% | My calculation: 1,060 / 1,420 – 1 |
| Move since the Q2 FY26 day | -33.6% | My calculation: 1,060 / 1,597 – 1 |
| Gap to 52-week high | -35.1% | My calculation: 1,060 / 1,633.40 – 1 |
Cite this table: Bharat Dynamics price snapshot, Upstox, Business Today and Business Standard; calculations by PositionalCalls. Not live.
The shares are about 9% above their 52-week low and about 35% below the high (my calculation). A price of 74.59 times earnings reflects that trailing profit is small and lumpy rather than that the business is expensive or cheap; I draw no conclusion from it.
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Bharat Dynamics results, then the next defence filing
- The filing and the delivery check as soon as they appear
- Base-versus-actual checks in plain words
- Links to every updated Q2 FY27 page
Bharat Dynamics dividend record before the results
| Ex-date | Rs per share | Note |
|---|---|---|
| 21 Sep 2026 | 0.40 | Final FY26, declared at the 28 Sep 2026 AGM (Cofacto); Upstox lists the ex-date |
| 9 Feb 2026 | 4.50 | Interim, paid February 2026 |
Cite this table: Bharat Dynamics dividends, Upstox and Cofacto, as of 12 November 2026, 3:40 PM IST. The two sources list slightly different dates around the final.
FY26 dividends added to Rs 4.90 a share, of which Rs 4.50 was the February interim (Cofacto). I found no dividend announcement with the 12 November result; check the exchange filing. For how dividend income is taxed, see dividend tax in India.
Dividends are a board decision.
What drives Bharat Dynamics’ Q2 numbers: deliveries, orders and inventory?
Revenue follows deliveries, not new orders. The Q2 number depends on how many missiles and torpedoes were handed over in the quarter, and the FY27 guide is weighted to the second half. Q2 revenue was 2.9 times Q1, which fits delivery timing.
Bharat Dynamics Q2 results date: the order book and the pipeline
| Item | Figure | Source and date |
|---|---|---|
| Order book, 31 Mar 2026 | Rs 26,176 crore | Cofacto |
| Order book, 1 Apr 2025 | Rs 22,814 crore | Cofacto; +14.74% in FY26 (my calculation) |
| Orders since 14 Aug 2026 | Rs 2,117.79 crore | Cofacto |
| SAT-SAAW contract, 23 Sep 2026 | Rs 810.79 crore | In Q2 |
| Torpedo win, 15 Oct 2026 | Rs 1,307 crore | In Q3 |
| Advanced-finalisation pipeline | About Rs 15,000 crore | QRSAM, heavy-weight torpedoes, air-to-air missiles |
| QRSAM | Awaiting clearance | Not converted into a contract by quarter end |
| Management view | 4 to 5 years of revenue visibility | Cofacto |
Cite this table: Bharat Dynamics orders, Cofacto preview (7 November 2026), as of 12 November 2026, 3:40 PM IST.
The two orders since August add to Rs 2,117.79 crore, which matches the Cofacto total (my calculation). Only the SAT-SAAW order fell inside Q2, and orders do not become revenue until delivered, so they affect the order book, not this quarter’s revenue.
Inventory, working capital and capacity
Inventory stood at Rs 4,625.64 crore at the end of FY26, up 74.88% and about 1.89 times FY26 revenue (Cofacto, my calculation). A large inventory is a sign that material has been bought ahead of deliveries, and the second-quarter filing will show whether it began to convert. Capacity matters too: the Ibrahimpatnam unit is due to be operational this financial year and Jhansi by year-end (Cofacto).
| Driver | What was reported | What to look for in Q2 |
|---|---|---|
| Deliveries | FY26 revenue fell 27% on phasing of surface-to-air missiles and ground equipment | Revenue against Rs 572.24 crore and Rs 1,147.08 crore |
| Material cost | Q2 FY26 cost of materials Rs 781.66 crore, up 272% | Cost as a share of revenue |
| Employee cost | 22% of FY26 sales | A fixed-cost base that magnifies volume swings |
| Other income | 62.5% of Q1 profit before tax | How much profit comes from treasury, not operations |
| Governance | Five new board appointments; committee gaps flagged in the FY26 annual report | Any change in board and committee disclosure |
Cite this table: Bharat Dynamics drivers, Cofacto and Business Standard, as of 12 November 2026, 3:40 PM IST.
The governance line is a checklist item, not a finding. The Cofacto preview notes gaps in board and committee composition flagged in the FY26 annual report and asks whether five new appointments close them.
How did the actual Bharat Dynamics results compare with the scenario tables?
Reported revenue of Rs 1,664 crore sits between the Rs 1,500 crore and Rs 2,000 crore rows below, and net profit of Rs 183.5 crore sits between the Rs 120 crore and Rs 215.88 crore rows. The tables were arithmetic illustrations, not forecasts.
| Illustrative revenue, Rs crore | Versus Q2 FY26 (1,147.08) | Versus Q1 FY27 (572.24) |
|---|---|---|
| 700 | -39.0% | +22.3% |
| 1,000 | -12.8% | +74.8% |
| 1,147.08 | Flat | +100.5% |
| 1,500 | +30.8% | +162.1% |
| 2,000 | +74.4% | +249.5% |
Cite this table: Bharat Dynamics revenue sensitivity, my calculation from the published base. Not an estimate.
| Illustrative net profit, Rs crore | Versus Q2 FY26 (215.88) | Versus Q1 FY27 (118.79) |
|---|---|---|
| 120 | -44.4% | +1.0% |
| 215.88 | Flat | +81.7% |
| 300 | +39.0% | +152.5% |
Cite this table: Bharat Dynamics profit sensitivity, my calculation. Not an estimate.
| Revenue needed | Figure, Rs crore | Meaning |
|---|---|---|
| Q2 to match Q2 FY26 | 1,147.08 | Double Q1 FY27 |
| Average of Q2 to Q4 for the Rs 5,500 crore guide | 1,642.6 | My calculation; +43.2% on Q2 FY26 |
| Q2 if H1 were half the guide | 2,177.76 | My illustration: 2,750 less 572.24, not a company figure |
Cite this table: Bharat Dynamics guidance arithmetic, my calculation. Not an estimate.
What did the filing answer? Bharat Dynamics results-day decoder
On the Bharat Dynamics Q2 results date the reading order was: the profit label and basis, then revenue against Rs 1,147.08 crore and Rs 572.24 crore, then other income, then the order book and guidance commentary; the table after the marks shows the answers.
| Order | Line to read | Mark to beat | Why it comes first |
|---|---|---|---|
| 1 | Profit label and basis | Standalone net profit after tax | Avoids comparing two different profits |
| 2 | Revenue from operations | Rs 1,147.08 crore (year ago); Rs 572.24 crore (Q1) | Shows deliveries |
| 3 | Other income and profit before tax | Other income was 62.5% of Q1 PBT | Separates operations from treasury |
| 4 | Net profit | Rs 215.88 crore (year ago); Rs 118.79 crore (Q1) | The headline most people quote |
| 5 | Cost of materials and inventory | Rs 781.66 crore a year ago; inventory Rs 4,625.64 crore | Cost and cash tied up |
| 6 | Order book | Rs 26,176 crore (March); Rs 2,117.79 crore new orders | Revenue visibility |
| 7 | FY27 guidance | About Rs 5,500 crore | Whether management repeats it |
| 8 | Dividend | Rs 0.40 final already declared | Shows if anything extra is returned |
Cite this table: Bharat Dynamics results-day reading order, PositionalCalls.
| Decoder question | Answer from the reports (12 Nov 2026) | Status |
|---|---|---|
| Revenue above Rs 1,147.08 crore? | Rs 1,664.14 crore, +45.1% | Yes |
| Profit above Rs 215.88 crore? | Rs 183.48 crore, -15.0% | No |
| Other income share of PBT near 62.5%? | About 68% | Higher |
| Order book above Rs 26,176 crore? | Not reported | Check the filing |
| FY27 guide of about Rs 5,500 crore repeated? | Not found | Check the filing |
| Dividend? | No announcement found | Check the filing |
Cite this table: PositionalCalls, Bharat Dynamics decoder answers, as of 12 November 2026; figures as reported, filing not opened.
Then read one management sentence: whether the company still expects to reach about Rs 5,500 crore in FY27, and when it expects QRSAM to convert into a contract. I found neither in the reports.
How do I read the Bharat Dynamics Q2 filing and avoid fake alerts?
On the Bharat Dynamics Q2 results date, open the result on the BSE or NSE announcement page for Bharat Dynamics Limited, not through a link in a message, and read the standalone statement first. Treat any tip that asks for an OTP, a payment or a login as fake.
- Open the BSE or NSE corporate announcements page and search for Bharat Dynamics Limited.
- Choose the financial result filing for the quarter ended 30 September 2026 and open the standalone statement.
- Note the line labels: revenue from operations, other income, profit before tax, tax and profit after tax.
- Compare revenue and profit with Rs 1,147.08 crore and Rs 215.88 crore, then with Rs 572.24 crore and Rs 118.79 crore.
- Read the press release and the investor presentation for deliveries, the order book and the guidance wording.
- Check the notes for exceptional items, restated figures and the segment disclosure before using a growth rate.
Fake results alerts and paid tip groups multiply on results days. No genuine filing asks for a login, an OTP or money. PositionalCalls is not SEBI-registered, gives no buy or sell calls and never asks for payment.
What do most people miss about the Bharat Dynamics Q2 results date?
Around the Bharat Dynamics Q2 results date, most readers see 45% revenue growth and miss that expenses grew faster, that the margin fell about 10 points, that other income was about 68% of profit before tax and that the order book was not reported.
Bottom line
The Bharat Dynamics Q2 results date was 12 November 2026. BDL reported revenue of Rs 1,664.14 crore (+45.1%), EBITDA of about Rs 101 crore, net profit of Rs 183.48 crore (-15.0%) and other income of Rs 167.07 crore. There is no target or call here. See the full Bharat Dynamics Q2 results FY27 analysis and HAL Q2 results FY27 for the other defence result.
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- Results explained without tips or targets
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Bharat Dynamics Q2 results date: frequently asked questions
When was the Bharat Dynamics Q2 results date?
The Bharat Dynamics Q2 results date was Thursday, 12 November 2026, when the board met to consider results for the quarter and half-year ended 30 September 2026, per PSU Connect. The first reports appeared at about 1:41 PM IST. I did not find the exact filing time; check the exchange announcement.
What was Bharat Dynamics net profit in Q2 FY27?
Net profit was Rs 183.48 crore against Rs 215.88 crore a year earlier, down 15.0%, on revenue of Rs 1,664.14 crore, up 45.1%, per Multibagg and Upstox. First-half profit was Rs 302.27 crore. These answer the Bharat Dynamics Q2 results date comparison, but the filing is the reference.
Why did Bharat Dynamics profit fall when revenue rose 45%?
Total expenses rose 61.7% to Rs 1,585.05 crore, faster than revenue, so revenue less expenses fell from about Rs 167 crore to about Rs 79 crore, my calculation. Other income of Rs 167.07 crore did not offset it. The reports do not give the company’s own reason.
What was Bharat Dynamics EBITDA margin in Q2 FY27?
EBITDA was about Rs 101 crore against Rs 187 crore, down 46%, and the margin was 6.1% against 16.3%, per Business Upturn and Upstox. A reported estimate had a 15.8% margin, which I did not verify. Check the filing for the exact EBITDA definition.
How much of Bharat Dynamics profit came from other income?
Other income was Rs 167.07 crore against profit before tax of Rs 246.16 crore, about 68%, against about 42% a year earlier, my calculation from Multibagg figures. The Q1 mark on this page was 62.5%. The reports do not split other income, so check the filing.
Did Bharat Dynamics beat Q2 estimates?
Business Upturn quotes an unnamed estimate of revenue Rs 1,023 crore, EBITDA Rs 162 crore and profit Rs 186 crore. Revenue was far above it, EBITDA about 37.7% below and profit about 1.4% below, my calculation. I did not verify it and found no consensus around the Bharat Dynamics Q2 results date.
What is Bharat Dynamics order book and FY27 guide?
The Q2 reports I read give no order book figure; the last one I recorded is Rs 26,176 crore at 31 March 2026. The FY27 revenue guide quoted before the result was about Rs 5,500 crore, and first-half revenue of Rs 2,236.38 crore is 40.7% of it, my calculation.
Did Bharat Dynamics declare a dividend with Q2 results?
I did not find a dividend announcement with the Q2 result. The record on this page is a final of Rs 0.40 a share (ex-date 21 September 2026) and an interim of Rs 4.50 (ex-date 9 February 2026), from Cofacto and Upstox. Check NSE and BSE announcements.
Upstox reported the NSE price at Rs 1,063.10 at 2:12 PM on 12 November 2026, down 3.35%. Business Upturn had it down over 4% at 1:50 PM, with a low of Rs 1,028.40. I did not find the official close for the Bharat Dynamics Q2 results date.
No. This page is not investment advice, a target or a recommendation, and PositionalCalls is not SEBI-registered. It reports company figures and sources with dates, and labels my calculations. Read the exchange filing and consult a registered adviser before any decision.
Sources
- Upstox: Bharat Dynamics Q2 FY27 results, 12 November 2026, updated 2:23 PM IST.
- Business Upturn: Bharat Dynamics Q2 results, 12 November 2026, 1:45 PM IST.
- Business Upturn: why Bharat Dynamics shares are falling, 12 November 2026, 1:51 PM IST.
- Multibagg: Bharat Dynamics revenue and profit, 12 November 2026, 1:41 PM IST.
- PositionalCalls: Bharat Dynamics Q2 results FY27 analysis
- BSE corporate announcements: where the Bharat Dynamics filing appears.
- NSE corporate filings: financial results: the same filing on NSE.
- PSU Connect: BDL to announce Q2 and H1 results on 12 November, 4 November 2026.
- CompoundingAI (Cofacto): BDL Q2 FY27 earnings preview, 7 November 2026.
- Business Standard: Bharat Dynamics surges after Q2 PAT climbs 76%, 14 November 2025 (base quarter).
- Business Today: Bharat Dynamics Q1 net profit jumps six-fold, 14 August 2026.
- Business Today: BDL target price trimmed, Accumulate maintained, 3 June 2026.
- Upstox: Bharat Dynamics share price, snapshot 6 November 2026.
- Also named, not linked: Motilal Oswal and Nuvama as quoted by Business Today.
Disclosure: PositionalCalls.com is not a SEBI-registered research analyst or investment adviser. Investments in securities markets are subject to market risks. Read all related documents carefully before investing. Returns are never guaranteed. PositionalCalls is an independent research and education site founded by Shubham Chaudhary. Nothing here is a recommendation, target or investment advice. How I researched this: for the Bharat Dynamics Q2 results date I read PSU Connect, the Cofacto preview, Business Standard, Business Today, Multibagg, Business Upturn and Upstox, noted where sources differ, and marked every derived number as my calculation. I did not open any company filing or exchange document. Figures are as of 12 November 2026, 3:40 PM IST.
Shubham Chaudhary is the founder of PositionalCalls, an independent Indian stock market research website. He writes company fundamentals, quarterly results analysis, IPO analysis and sector research for NSE and BSE listed companies, with a focus on banking stocks, insurance and long-term value investing. Every article is built from primary sources such as RBI, SEBI, NSE and BSE filings and company annual reports, and states its risks plainly in simple language for retail investors.
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