HAL Q1 Results: Net profit soars 77% YoY to Rs 1,437 crore
HAL Q1 Results: Hindustan Aeronautics reported a consolidated net profit of Rs 1,437 crore for Q1 ended June 2024, a 77% increase from Rs 814 crore last year. Revenue rose 11% YoY to Rs 4,347 crore, while EBITDA increased 13% YoY to Rs 994 crore.
By Akash Podishetti, ETMarkets.com | Updated:
ETMarkets.com
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.
The profit before tax (PBT) during the June quarter increased 45% YoY to Rs 1,584 crore. The same stood at Rs 1,089 crore in the June quarter of last year.
On Wednesday, shares of HAL were trading 0.35% lower at Rs 4,685 on NSE.
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.
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The profit before tax (PBT) during the June quarter increased 45% YoY to Rs 1,584 crore. The same stood at Rs 1,089 crore in the June quarter of last year.
On Wednesday, shares of HAL were trading 0.35% lower at Rs 4,685 on NSE.
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