HAL Q4 results, net profit up by 52.2 percent YoY

The state-owned company has delivered an Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) margin of 40% for the March quarter.

HAL Q4 results, net profit up by 52.2 percent YoY

New Delhi: Defence Public Sector Undertaking, Hindustan Aeronautics Ltd (HAL), the state-run defence equipment manufacturer, has made to surge its shares as much as 7% to a record high of Rs 4,468.95 after the quarter-end results.

The state-owned company has delivered an Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) margin of 40% for the March quarter. The company had delivered an EBITDA margin of 26% during the same quarter of the previous year.

Read Also : Powergrid won Silver awards at ET Government PSU Leadership & Excellence Awards 24

Revenue for the quarter increased by 18.2% from last year to Rs 14,768.7 crore.

EBITDA for the quarter nearly doubled, growing by 81.8% from last year to Rs 5,901.1 crore. 

The profit had gone up by 52.2% year-on-year to Rs 4,308.7 crore.

Read Also : GRSE bags export order for commercial vessels

In the current financial year, Hindustan Aeronautics reported revenue of Rs 30,380 crore, revised higher from Rs 29,810 crore as in the previous year.

Some significant orders have been received by HAL  worth more than Rs 19,000 crore, along with repair and overhaul contracts of over Rs 16,000 crore.

Read Also : AI-Driven Legal Search Startup DeepJudge Raises $10.7M in Seed Round Led by Coatue