Hindustan Aeronautics Ltd (HAL) reported a strong Q2 performance, with consolidated net profit rising 22.14% year-on-year to Rs 1,510.49 crore for the quarter ending September 2024. This compares to a net profit of Rs 1,236.67 crore in the same period last year. HAL’s total revenue increased by 6% to Rs 5,976.3 crore, up from Rs 5,635.7 crore in Q2 FY24.
The company’s EBITDA also grew 7.3% to Rs 1,604 crore, with the margin slightly improving to 27.4% from 27.1% in the prior-year quarter. Following the results, HAL shares rose by over 2% to Rs 4,148.85 on the NSE.
HAL has been in the limelight over the last few years as India has been pushing for self-reliance with prime minister Narendra Modi also talking about HAL’s achievements this year by citing the company’s record Q4 profit of Rs 4,000 crore as a shining example of India’s successful public sector enterprises.
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Source: Moneycontrol
News Desk
