Daijiworld Media Network - New Delhi
New Delhi, Jun 24: Defence public sector undertaking Bharat Dynamics Limited (BDL) has secured a contract worth Rs 1,347.71 crore from Hindustan Aeronautics Limited (HAL) for the supply of military hardware, including helicopter-mounted missile launchers and aircraft self-protection systems.
In a filing to the stock exchanges on Wednesday, BDL said the order comprises Helina Launchers and Line Replaceable Units (LRUs) valued at Rs 1,109.37 crore, along with Counter Measures Dispensing System (CMDS) LRUs worth Rs 238.34 crore.
The company said the contract will be executed over a period ranging from 24 to 60 months.
The Helina (Helicopter-launched NAG) is an indigenous third-generation “fire-and-forget” anti-tank guided missile (ATGM) developed by the Defence Research and Development Organisation (DRDO).
Helina launchers are specialised twin-tube mounting systems installed on Indian military helicopters such as the HAL Rudra and HAL Prachand, enabling them to engage heavily armoured enemy targets with precision.
The order also includes Counter Measures Dispensing System (CMDS) Line Replaceable Units, which form an integral part of an aircraft’s defensive protection suite.
These modular components are designed to automatically or manually deploy chaff and flares to divert and neutralise incoming radar-guided and infrared-seeking missiles targeting helicopters.
Bharat Dynamics is one of India's leading defence manufacturers and primarily produces missiles and torpedoes in collaboration with DRDO.
Despite securing the major order, the company had reported weaker financial performance in the fourth quarter of FY26.
BDL's net profit fell 58.5 per cent to Rs 113 crore during the January-March quarter, compared to Rs 273 crore in the corresponding period of the previous financial year.
Its revenue also declined sharply by 73 per cent, dropping to Rs 480 crore from Rs 1,777 crore a year earlier.
The company's EBITDA (earnings before interest, taxes, depreciation and amortisation) fell 81.5 per cent to Rs 55.2 crore, compared with Rs 299 crore in the fourth quarter of FY25.
Its EBITDA margin also narrowed to 11.5 per cent, down from 16.8 per cent during the same period last year.
Meanwhile, HAL reported improved quarterly earnings.
The aerospace and defence manufacturer posted a 5.5 per cent increase in net profit, which rose to Rs 4,196 crore in the fourth quarter of FY26 from Rs 3,977 crore a year earlier.
HAL's revenue also registered a modest growth of 1.8 per cent, increasing to Rs 13,942 crore from Rs 13,700 crore in the corresponding quarter of the previous fiscal year.