Shares of Hindustan Aeronautics soared over 3 percent to Rs 3,721 apiece on February 13 after the company delivered a robust performance for the third quarter of FY25. Market sentiment remained upbeat, with 15 out of 17 brokerages maintaining a "buy" rating and setting a target price of Rs 5,297, indicating an upside potential of over 40 percent, according to Bloomberg estimates.
Over the past 6 months, the stock of this defence major has declined over 20 percent, underperforming benchmark Nifty 50's 4 percent drop. Last year, the stock had scaled its 52-week high of Rs 5,675 on July 9.
Catch all the market action on our LIVE blog
HAL reported 14 percent year-on-year (YoY) jump in net profit to Rs 1,440 crore in Q3FY25 supported by strong demand for its aircraft from defence ministry. The company's revenue from operations also rose by 15 percent YoY to Rs 6,957 crore in Q3FY25.
At the operational level, EBITDA during the quarter also grew by 17.2 percent to Rs 1,681 crore, while EBITDA margin expanded by 50 basis points (bps) YoY to 24.2 percent.
The board declared first interim dividend of Rs 25 per equity share of face value of Rs 5 each for the financial year 2024-25. The dividend record date has been fixed on February 18, 2025.
Morgan Stanley shared an "overweight" rating on HAL and shared target price at Rs 4,958. The brokerage observed that the company’s order inflow has been strong through nine-months ended December 2024. It further said that the company expects orders of Rs 1.65 lakh crore (additional LCAs and LCHs), underlining significant opportunity ahead.
Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
