Bharat Dynamics Q4 Profit Drops 59% to Rs 113 Crore Despite Dividend

Bharat Dynamics reported a 59% drop in net profit to Rs 113 crore for the fourth quarter, triggering an 8% decline in its share price. The company declared a dividend, which may support investor sentiment despite the earnings setback. The profit fall reflects ongoing challenges in India's defense manufacturing sector and has led to a stock downgrade by Motilal Oswal.