Hindustan Aeronautics will post its earnings for the quarter ended June on August 14.

What To Expect: Analysts expect the defence major to post an average revenue growth of around 17% in the traditionally weak quarter. Prabhudas Lilladher, in its preview note, said that HAL is expected to see an approximate 11% year-on-year revenue growth, driven by the execution of an expanded manufacturing order book and consistent performance in Repair, Overhaul (RoH), and Spares.

Equirus Securities said that the first quarter is typically the weakest for HAL in terms of execution, contributing around 15% of annual sales. Margins are also usually the lowest during this quarter, the analysts added.

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Prabhudas Lilladher analysts said that the EBITDA margin is likely to remain flat compared to the previous year, as the higher contribution from manufacturing revenue may be offset by lower employee costs, which were elevated in Q1 FY24. Key factors to monitor will be margins and provision expenses, the analysts added.

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Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.