Hindustan Aeronautics Q1 Results: Net profit soars 77% YoY to Rs 1,437 crore
Hindustan Aeronautics Ltd (HAL) reported a consolidated net profit of Rs 1,437 crore for the first quarter ended June 2024, marking a 77% increase from Rs 814 crore reported in the same quarter last year.
Revenue from operations during the same period increased 11% year-on-year (YoY) to Rs 4,347 crore against Rs 3,915 crore in the corresponding period of last year.
EBITDA for the quarter increased 13% YoY to Rs 994 crore against Rs 880 crore in the last year quarter.
Meanwhile, EBITDA margins were up 39 bps to 22.9%. The same stood at 22.5% in the same period last year.
On a sequential basis, net profit after tax declined nearly 67% from Rs 4,308 crore reported in the preceding March quarter. Revenue from operations, meanwhile, fell 71% quarter-on-quarter (QoQ).
Total expenses for the first quarter rose 8% YoY to Rs 3,506 crore compared with Rs 3,240 crore in the same quarter last year.
More to come...
(You can now subscribe to our ETMarkets WhatsApp channel)
Read more on economictimes.indiatimes.com
