HAL shares in focus after Q3 profit rises 14% YoY to Rs 1,440 crore; Morgan Stanley slashes target price
Hindustan Aeronautics Ltd (HAL) will be in focus on Thursday after the company reported a 14% year-on-year (YoY) increase in Q3 profit, rising to Rs 1,440 crore, compared to Rs 1,261 crore in the same quarter last year. The growth was driven by sustained demand for aircraft from the defense ministry.
Revenue from operations rose 15% YoY to Rs 6,957 crore during the quarter. The company’s EBITDA increased 17% YoY to Rs 1,683 crore, with operating margins standing at 24.2%.
The board has also declared a first interim dividend of Rs 25 per share (with a face value of Rs 5 each, fully paid-up) and has set February 18 as the record date. The dividend will be paid to eligible shareholders on March 14.
The ordering activity in the defense sector remained robust throughout the quarter, and 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 constitutes a substantial portion of HAL's total sales. Additionally, HAL secured an order worth Rs 13,500 crore from the Indian government for 12 Sukhoi fighter jets in December.
Stock Trading
Maximise Returns by Investing in the Right Companies
By — The Economic Times, Get Certified By India's Top Business News Brand
Stock Trading
Market 104: Options Trading: Kickstart Your F&O Adventure
By — Saketh R, Founder- QuickAlpha, Full Time Options Trader
Stock Trading
Technical Analysis for Everyone — Technical Analysis Course
By — Abhijit Paul, Technical Research Head,
