Hindustan Aeronautics Q2 Results: Net Profit Jumps 22% YoY

Hindustan Aeronautics Ltd., a government-owned company, released its financial results for the September quarter on Thursday, November 14, showing year-over-year growth in several key areas. The company’s revenue rose 6% compared to the same quarter last year, reaching ₹5,976.3 crore. Additionally, net profit for the period increased by 22%, climbing to ₹1,510.5 crore from ₹1,236.7 crore the previous year.

Hindustan Aeronautics Q2 Results Highlights

• Revenue: Increased by 6% from last year to ₹5,976.3 crore.
• Net Profit: Increased by 22% from last year to ₹1,510.5 crore.
• EBITDA: Grew by 7.3% to ₹1,640 crore. Margins saw expansion of 30 basis points to 27.4%.
• Stock Market: Risen by 0.6%, currently trading at ₹4,091.

Hindustan Aeronautics Management Commentary

Hindustan Aeronautics has been in focus under Prime Minister Narendra Modi's push for self-reliance (Atmanirbhar Bharat), helping the company bag major defence and manufacturing orders. In May this year, in the run up to general elections, Modi highlighted the impressive performance of PSU stocks citing the example of HAL. “Look at HAL (Hindustan Aeronautics Ltd) — it has posted record profit in the fourth quarter of ₹4,000 crore,” he said.

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Stock Market Reaction

Following the recent earnings announcement, shares of Hindustan Aeronautics Ltd. (HAL) have risen by 0.6%, currently trading at ₹4,091. Despite a 28% decline from their July peak of ₹5,674, HAL's stock has appreciated by 45% year-to-date.

About Hindustan Aeronautics

Hindustan Aeronautics Ltd. (HAL) is a government-owned aerospace and defense company in India, specializing in the design, development, manufacturing, and supply of aircraft, helicopters, avionics, and communication systems for both military and civilian sectors. Additionally, HAL provides repair, maintenance, and support services for its aircraft. The company offers various accessories for aircraft and helicopters, along with aero engines, aerospace components, and advanced communication and navigation systems. HAL’s client base includes the Indian Air Force, Army, Navy, Defence Research & Development Organization (DRDO), Indian Coast Guard, Indian Space Research Organization (ISRO), Mauritius Police Force, and international partners like Boeing and Airbus. HAL’s operations are supported by a broad network of production facilities and research and development centers throughout India.