HAL Q2 results: Net profit rises 22% to ₹1,510 crore, revenue up 6%

In the year-ago period, profit after tax was ₹1,236.67 crore.

Its consolidated revenue from operations increased 6% to ₹5,976.29 crore in the three-month period ended September 2024 compared to ₹5,635.7 crore a year back.

Earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose 7.3% to ₹1,640 crore against ₹1,527.7 crore in the corresponding year last fiscal. The margin stood at 27.4% in Q2 FY25 vs 27.1% in the second quarter of FY24.

The company's total income increased 6.7% to ₹6,518.7 crore in the latest July-September quarter. In Q2 FY24, it was ₹6,105 crore.

HAL share price

Following earnings, HAL shares were trading in the green territory. The stock was up 0.76% to ₹4,097.7 apiece on the NSE at 2:33 pm.

The market capitalisation of the company stands at ₹2,74,130.87 crore.

On the BSE, the stock gained ₹33.4 or 0.82% to ₹4098.95 a unit.

In an exchange filing, Hindustan Aeronautics also announced the appointment of Barenya Senapati, Director (Finance), as the company's Chief Financial Officer (CFO).

HAL is a 'Maharatna' status public sector undertaking (PSU) under the Ministry of Defence, Government of India. The state-owned company designs and manufactures fighter jets, helicopters, jet engines, and marine gas turbine engines.

Earlier this month, HAL was awarded a contract to upgrade the avionics of the Dornier-228 Transport Aircraft, enhancing the Indian Air Force’s operational capability.

"Since the upgrade involves most of the indigenously designed and developed avionics sub-systems, it marks a significant step towards Atmanirbhar Bharat Abhiyan (Self-reliant India)," the company had said.

In September, the Defence Ministry had signed a ₹26,000 crore contract with HAL for the supply of 240 AL-31FP Aero Engines 240 for Su-30MKI aircraft.

"These aero-engines will be manufactured by the Koraput Division of HAL and are expected to fulfil the need of the Indian Air Force to sustain the operational capability of the Su-30 fleet for the defence preparedness of the country. HAL would supply 30 aero-engines per annum as per the contractual delivery schedule," the company had said.