HAL Q1 Net Profit Jumps 76% To ₹1,437 Cr Beating Estimates
Take Stock Of The Week Ahead

Get all the latest Share Market trends and news to set you up for the week ahead.

Congratulations!
You have successfully subscribed.

Hindustan Aeronautics reported its earnings for the quarter ended June on Wednesday. Share of HAL got a boost as soon as the results came out.

What Happened: The defence major’s consolidated net profit went up 76% to ₹1,437 crore, compared to the ₹814 crore posted in the same quarter last year. The net profit was aided by an earlier tax refund of around ₹256 crore.

The company's revenue from operations for the quarter under review stood at ₹4,347 crore, an 11% increase from the ₹3,915 crore posted in the corresponding quarter of the previous year.

See Also: Tata Steel, SAIL, Coal India And Other Steel And Mining Stocks Down After This SC Judgement

Analysts estimated the company’s revenue to come in at ₹4,593.5 crore with a net profit of ₹943.6 crore. EBITDA for the April-June quarter came in at ₹994 crore with an EBITDA margin of 22.9%.

Shares of the defence major had been under pressure on Wednesday along with several other PSU stocks.

Price Action: HAL's share price was up 0.45% to trade at ₹4,722.50 on Wednesday afternoon.

Read Next: End Of RVNL Rally? This Analyst Thinks So, Advises Caution

Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Comments
Loading...
EarningsEquitiesNewsMarketsHAL