HAL Q1 Results: Net Profit Soars 77% to ₹1,437 Crore

On August 14, Hindustan Aeronautics Ltd (HAL) reported a 77% year-on-year increase in net profit for the first quarter of FY25, reaching ₹1,437 crore, up from ₹814 crore during the same period last year. The company's revenue from operations for the April-June quarter also saw an 11% rise, totaling ₹4,348 crore, compared to ₹3,915 crore in the corresponding quarter of the previous year.

HAL Q1 Results Highlights

Hindustan Aeronautics Ltd (HAL) announced on August 14 that its net profit for the first quarter of FY25 surged by 77% year-on-year to ₹1,437 crore, compared to ₹814 crore in the same period the previous year. The company's revenue from operations in the April-June quarter increased by 11%, reaching ₹4,348 crore, up from ₹3,915 crore a year earlier.

As of 2:30 pm on August 14, HAL share price were trading at ₹4,649 each, marking a decrease of over 1%.

Hindustan Aeronautics has been a focal point in Prime Minister Narendra Modi's Atmanirbhar Bharat initiative, which emphasizes self-reliance. This initiative has helped the company secure significant defence and manufacturing orders. In May, ahead of the general elections, Modi praised the outstanding performance of PSU stocks, specifically mentioning HAL's record profit of ₹4,000 crore in the fourth quarter.

In April, HAL secured an order from the Defence Ministry to manufacture 97 light combat aircraft (LCA Mk-1A) Tejas for the Indian Air Force, valued at approximately ₹67,000 crore. The Bengaluru-based company's order book is robust, with total orders worth ₹94,000 crore as of March 31, 2024. During the fiscal year 2023-24, HAL received new manufacturing contracts exceeding ₹19,000 crore and Repair and Overhaul (ROH) contracts worth over ₹16,000 crore.

HAL's share price has delivered substantial returns to investors, with the stock appreciating by 140% over the past year, according to BSE data. Over the last two years, the stock has quadrupled, and over the past three years, it has increased more than sevenfold.

About HAL

Hindustan Aeronautics Ltd (HAL) is a government-owned aerospace and defense company in India. The company specializes in the development, design, manufacturing, and supply of aircraft, helicopters, avionics, and communication systems for both military and civilian markets. Additionally, HAL provides repair, maintenance, and support services for aircraft. The company's product offerings include accessories for aircraft, helicopters, and aero engines, as well as advanced aerospace equipment, and communication and navigation systems. 

HAL's client base includes the Indian Air Force, Indian Army, Indian Navy, Defense Research & Development Organization, Indian Coast Guard, Indian Space Research Organization, Mauritius Police Force, Boeing, and Airbus Industries. HAL operates through a network of production facilities and research and design centers across India, with its headquarters located in Bengaluru, Karnataka.