Public sector aerospace and defence company Hindustan Aeronautics (HAL) on Monday reported a 8.6% year-on-year (YoY) rise in standalone net profit at ₹1,253.5 crore for the October to December quarter. The same was ₹1,153.9 crore in the corresponding quarter of last fiscal.
Revenue from operations rose 7% on-year to ₹6,061 crore for the quarter ended December. The same stood at ₹5,666 crore in the corresponding quarter of last year.
EBITDA or earnings before interest, tax, depreciation, tax and ammortisation has jumped 45.5% to ₹1,434 crore, compared to ₹985.7 crore in the year-ago period. The operating profit margins stood at 23.6% versus 17.4% in the corresponding quarter last year.
The Board of HAL has declared a first interim dividend of ₹22 per equity share for the financial year 2023-24. The record date for the payment of first interim dividend will be Tuesday, February 20, 2024.
HAL shares were trading 4.54% lower at ₹2,830.65 apiece on the NSE during Monday's late afternoon trade. The stock has given multibagger returns to investors in the last one year period, rallying over 130%.
First Published: Feb 12, 2024 3:06 PM IST
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