Key Financial Results (Quarter Ended September 30, 2026)

  • Revenue from operations: Rs 1,385.43 lakhs (Rs 13.85 crore)
  • Other Income: Rs 3.55 lakhs
  • Total Income: Rs 1,388.98 lakhs (Rs 13.89 crore)
  • Total Expenses: Rs 1,033.14 lakhs (Rs 10.33 crore)
  • Purchase: Rs 1,147.94 lakhs
  • Employee Benefit Expenses: Rs 52.73 lakhs
  • Other Expenditure: Rs 159.68 lakhs
  • Depreciation: Rs 2.13 lakhs
  • Finance Costs: Rs 0.43 lakhs
  • Profit Before Tax: Rs 355.84 lakhs (Rs 3.56 crore)
  • Tax Expense: Rs (0.17) lakhs (deferred tax)
  • Net Profit for Period: Rs 356.00 lakhs (Rs 3.56 crore)
  • Earnings Per Share (Basic & Diluted): Rs 0.71

Key Financial Results (Half Year Ended September 30, 2026)

  • Revenue from operations: Rs 2,190.98 lakhs (Rs 21.91 crore)
  • Other Income: Rs 10.20 lakhs
  • Total Income: Rs 2,201.18 lakhs (Rs 22.01 crore)
  • Total Expenses: Rs 1,678.56 lakhs (Rs 16.79 crore)
  • Profit Before Tax: Rs 522.62 lakhs (Rs 5.23 crore)
  • Tax Expense: Rs (0.09) lakhs
  • Net Profit for Period: Rs 522.71 lakhs (Rs 5.23 crore)
  • Earnings Per Share (Basic & Diluted): Rs 1.04

Comparative Figures

Quarter Comparison (Q2 FY27 vs Q2 FY26):

  • Revenue from operations: Rs 1,385.43 lakhs vs Rs 0 lakhs (prior period showed Other Operating Revenue of Rs 525.75 lakhs)
  • Net Profit: Rs 356.00 lakhs vs Rs 495.25 lakhs

Half-Year Comparison (H1 FY27 vs H1 FY26):

  • Revenue from operations: Rs 2,190.98 lakhs vs Rs 0 lakhs (prior period showed Other Operating Revenue of Rs 636.35 lakhs)
  • Net Profit: Rs 522.71 lakhs vs Rs 578.76 lakhs

Year-End Comparison (FY26 Audited):

  • Revenue from operations: Rs 2,891.09 lakhs
  • Net Loss: Rs (31,273.19) lakhs, primarily due to exceptional items of Rs 32,835.47 lakhs

Capital Structure

  • Paid-up Equity Share Capital: Rs 5,029.89 lakhs (unchanged)
  • Face Value per Share: Rs 10.00
  • Reserves: Negative Rs 2,435.56 lakhs as of September 30, 2026 (improved from negative Rs 2,958.28 lakhs as of March 31, 2026)

Segment Information

The company operates in one reportable segment: "Defence Business Segment i.e. Manufacturing of drones, UAVs and Other Communication Equipments."

Segment Revenue (Half Year Ended September 30, 2026):

  • Income from Sale of Products & Services: Rs 2,190.98 lakhs
  • Segment Profit Before Tax: Rs 512.42 lakhs

Balance Sheet Highlights (as of September 30, 2026)

  • Total Assets: Rs 4,607.28 lakhs
  • Current Assets: Rs 4,578.95 lakhs
  • Current Investments: Rs 1,400.00 lakhs
  • Inventories: Rs 329.76 lakhs
  • Trade Receivables: Rs 634.39 lakhs
  • Cash & Cash Equivalents: Rs 353.53 lakhs
  • Non-Current Assets: Rs 28.34 lakhs (Property Plant and Equipment)
  • Total Equity: Rs 2,739.93 lakhs
  • Current Liabilities: Rs 1,830.81 lakhs
  • Non-Current Liabilities: Rs 36.54 lakhs

Cash Flow Statement (Half Year Ended September 30, 2026)

  • Net Cash from Operating Activities: Rs 314.03 lakhs
  • Net Cash used in Investing Activities: Rs (1,271.56) lakhs (primarily purchase of current investments of Rs 1,400.00 lakhs)
  • Net Cash from Financing Activities: Rs 25.77 lakhs (vehicle loan received)
  • Net Decrease in Cash: Rs (931.76) lakhs
  • Closing Cash Balance: Rs 353.53 lakhs

Additional Information

  • The board meeting was held on November 13, 2026, from 6:00 PM to 6:55 PM IST.
  • The company is currently undergoing capital restructuring, including reduction of share capital.
  • No investor complaints were received during the quarter.
  • The financial results have been reviewed by A K Kocchar & Associates, Chartered Accountants, who issued an unmodified review conclusion.
  • The results are available on the company website (www.bharatidefence.com) and BSE website.