# Defence PSUs: GRSE, HAL, BDL Q2 Results Race

> GRSE and HAL post Q2 profit growth as BDL's profits fall.
- Title: Defence PSUs: GRSE, HAL, BDL Q2 Results Race · mint | Shortify
- Summary: GRSE and HAL post Q2 profit growth as BDL's profits fall. GRSE and HAL reported 12% and 16% year-on-year Q2 profit increases, while BDL's profits dropped 15%.
- Keywords: grse, hal, bdl, defence psu, q2 results, profit growth, profit decline, stock market, mint
- Source: mint — https://livemint.com/market/stock-market-news/warships-aircraft-or-missiles-grse-vs-hal-vs-bdl-which-defence-psu-wins-the-post-q2-results-race-technical-outlook-11794571751718.html
- Author: Sharmila Bhadoria
- Published: 2026-11-13T14:05:17+00:00
- Read time: 1 min
- Topics: grse, hal, bdl, defence psu, q2 results, profit growth, profit decline, stock market, money, business
## Q2 Profit Results
GRSE reported 12% year-on-year profit growth to ₹172 crore for Q2 2026-27, while HAL saw 16% growth to ₹1,936 crore.
## BDL Profit Decline
BDL reported a 15% decline in net profit to ₹180 crore with 46% drop in EBITDA.
## Revenue Trends
GRSE revenue rose, HAL revenue surged 14.9% to ₹7,613.25 crore, BDL revenue increased 45% to ₹1,660 crore.
## Technical Outlook
GRSE stock reversed from ₹1,850 lows with buy on dips near ₹2,160-2,205.
## HAL Technical Analysis
HAL consolidating with RSI near 44, ₹5,176 resistance key for upside.
## BDL Technical Analysis
BDL trading in downtrend with RSI near 42.6, support at ₹980-1,000.
## Share Price Performance
HAL down 0.42%, BDL down 2.47%, GRSE down 1.13% on Friday, November 13.
## Key takeaway

GRSE and HAL reported 12% and 16% year-on-year Q2 profit increases, while BDL's profits dropped 15%.