Hindustan Aeronautics Q2 Results: HAL has reported a profit growth of 22.14% in Q2FY24 at Rs 1510.49 crore, compared to Rs 1236.67 crore in the same quarter of the previous financial year.
HAL share price: Hindustan Aeronautics shares rose 3% to Rs 4,185 intraday after the results were announced. However, then profit booking was seen in it.
HAL’s second quarter net profit increased by 22.14% to Rs 1510.49 crore as against Rs 1236.67 crore in the same quarter last financial year. The company’s revenue from operations stood at Rs 5976.29 crore, which is 6.04% higher as compared to Rs 5635.70 crore in the same period last year. EBITDA this year stood at Rs 1640 crore, which is an increase of 7.3% compared to last year.
On a standalone basis, HAL reported a profit of Rs 1490.36 crore in the second quarter, which is 20.65% higher than Rs 1235.30 crore reported in the same period last year. Revenue for the second quarter stood at Rs 5976.55 crore.
Recently Civil Aviation Minister K. Rammohan Naidu had announced plans to develop aircraft design and manufacturing capability in India, including partnerships with industry giants such as HAL (Hindustan Aeronautics Limited) and NAL (National Aerospace Laboratories).
Disclaimer: This information is for informational purposes only and should not be construed as investment advice. It is recommended to consult a financial advisor before making investment decisions.