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On a standalone basis, net profit stood at Rs 894 crore in October-December as against a net loss of Rs 274 crore the same period a year ago. Sequentially, the standalone net profit was down by 13 per cent from Rs 1,023 crore in July-September, reports said.

The company reported an increase in revenue to $4.78 billion from $4.18 billion in the same quarter last year.

Earlier, a media report suggested that billionaire Anil Agarwal was considering a potential merger of his commodity empire’s indebted holding company with cash-rich listed unit Vedanta.

“We are going to see five major elections in the country and despite those elections, the finance minister has not given into the temptation of coming out with populist measures to buttress its position in those elections.”

The contract signed a day ago will be executed in three years. On a net basis, the order book position of Bharat Dynamics stands at Rs 11,400 crore including the latest pact.

The Nifty IT index was trading 0.65 per cent down at 35555.05.

The company, which follows July-June financial year, had reported a profit of Rs 81.90 crore in the corresponding quarter of the previous fiscal.

The MSME specialized NBFC reported a 20 per cent rise in the revenue to Rs 180.22 crore as against Rs 150.02 crore during the same period previous fiscal.

Housing Development Finance Corporation Ltd., incorporated in the year 1977, is a Large Cap company (having a market cap of Rs 464778.07 Crore) operating in NBFC sector.

A total of 110 shares changed hands on the counter till 10:51AM (IST).