Hindustan Aeronautics Ltd has posted strong numbers for the first quarter of FY25, with a consolidated net profit of ₹1,437 crore, up 77% against ₹814 crore in the same quarter last year. Consolidated revenue from operations stood at ₹4,348 crore, up 11% against ₹3,915 crore on a year-over-year basis; its total income was through at ₹5,083 crore, up 18% compared to the same period last year.
EBITDA grew 13% sequentially to ₹994 crore. Its expenses increased marginally to ₹3,506 crore from ₹3,239 crore in the same quarter last year.
The board of directors of HAL had earlier recommended a final dividend of ₹13 per equity share besides an interim dividend of ₹22 per equity share for the financial year 2023-24 on corporate actions. HAL’s shares were trading more than 1% lower at ₹4,649 apiece as of 2:30 PM on August 14, despite strong financials. The company’s stock has shown outstanding growth, too. It has returned 140% in the last one year, more than quadrupled in two years, and risen over seven-fold in three.
HAL’s sterling performance resonates quite well with Prime Minister Narendra Modi’s “Atmanirbhar Bharat” program, which is aimed at making the country self-reliant in defense. The Company bagged a massive order from the Defence Ministry in April 2024 for the manufacture of 97 Light Combat Aircraft (LCA Mk-1A) Tejas for the Indian Air Force, worth around ₹67,000 crore. At the end of March 31, 2024, HAL’s overall order book position was a strong ₹94,000 crore, with new manufacturing contracts to the tune of over ₹19,000 crore and ROH contracts above ₹16,000 crore during FY24.
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Source: Moneycontrol
News Desk
