Hindustan Aeronautics Ltd (HAL) on February 12 reported 14% jump in consolidated net profit at Rs 1,440 crore for the quarter ended December 31, 2024, driven by sustained demand for its aircraft from the defence ministry. It reported consolidated net profit of Rs 1,261 crore in the year-ago period.
The defence PSU's revenue from operations rose 15% to Rs 6,957 crore in Q3FY25 as against Rs 6,061 crore in Q3FY24.
The company has declared first interim dividend of FY25 at Rs 25 per equity share of Rs 5 face value. "Record date for the payment of first interim dividend will be Tuesday, the 18th February, 2025. The dividend will be paid to all the eligible shareholders on or before 14th March, 2025," said HAL in a stock exchange filing.
The ordering activity in the defence sector remained robust throughout the quarter, analysts told Reuters, and also mentioned that revenue growth was driven by the ongoing execution of the manufacturing order book, along with consistent increases in replacements and spares.
The spares and repair business makes up a substantial portion of Bengaluru-based HAL's total sales, according to the company's latest annual report.
HAL secured an order worth Rs 13,500 crore from the government for 12 Sukhoi fighter jets in December.
At 1:50 pm on February 12, HAL's shares on BSE were trading 1.5% lower at Rs 3,596 apiece.
The 52-week low of the stock is Rs 2,825 and 52-week high is Rs 5,674. The market capitalisation of the stock is Rs 2.39 lakh crore.
With inputs from Reuters
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