HAL Q3 Results: Profit rises 14% to Rs 1,440 crore; company announces Rs 25 dividend

Hindustan Aeronautics Ltd (HAL) posted a 14 per cent summation successful consolidated nett net astatine Rs 1,440 crore for the 4th ended December 31, 2024, up from Rs 1,261 crore successful the aforesaid play past year. The company’s gross from operations grew 15 per cent year-on-year (YoY) to Rs 6,957 crore, driven by dependable request from the defence sector.

Strong bid execution drives gross growth

HAL’s gross surge was supported by the execution of its manufacturing bid publication and an summation successful replacements and spares. The defence PSU has been actively fulfilling orders from the Ministry of Defence, ensuring accordant concern momentum. Analysts noted that the company’s repair and spares conception plays a important relation successful its wide sales.

Dividend announcement and cardinal dates

The institution declared a archetypal interim dividend of Rs 25 per equity share, with a look worth of Rs 5. The grounds day for the dividend is acceptable for February 18, 2025, and eligible shareholders volition person payments by March 14, 2025.

Stock show and outlook

Despite the beardown earnings, HAL shares traded 1.5 per cent little astatine Rs 3,596 connected the BSE during day commercialized connected February 12. The banal has seen volatility, with a 52-week precocious of Rs 5,674 and a debased of Rs 2,825. HAL’s marketplace capitalisation presently stands astatine Rs 2.39 lakh crore.

With a coagulated bid pipeline, including a caller Rs 13,500 crore declaration for 12 Sukhoi combatant jets, HAL remains a cardinal subordinate successful India’s defence manufacturing sector. The company’s show successful the upcoming quarters volition beryllium intimately watched arsenic it continues to execute its bid publication and unafraid caller deals.

More to come...