Hindustan Aeronautics shares rise 10% as Q4 net profit jumps 52% YoY

The consolidated total revenue grew 16% YoY to ₹15,236 crore while earnings before interest, tax, depreciation and, amortisation (EBITDA) for the quarter rose 82% YoY to ₹5,913 crore.

For the financial year 2024, the company recorded a 31% YoY growth in its net profit at ₹7,621 crore. The company’s total revenue for the year came in higher by 13% YoY at ₹32,278 crore. The EBITDA for the financial year rose 46% to ₹9,741 crore. The earnings per share (EPS) for the year stood at ₹113.95 compared to last year’s ₹87.14. At the end of FY24, HAL’s cash and cash equivalents were lower by 4.19% YoY at ₹4,254 crore.

HAL had recently received a proposal from the Indian Government for 34 new advanced light helicopters. In FY24, the company received orders worth ₹19,000 crore and also signed a contract with Guyana Defence Forces to two Hindustan228 aircrafts.

The cabinet committee of security (CCS) in February gave a nod for defence deals worth ₹35,000 crore out of which HAL received a ₹19,500 crore contract for its BhramMos missiles.

HAL is an aerospace and defence company owned by the government and based in Bangalore. HAL’s primary business involves designing, manufacturing, and supplying aircrafts, helicopters and related equipment to the civil and military markets. HAL is also engaged in the business of repairing and maintenance services for aircrafts.

Hindustan Aeronautics share price has risen over 64.49% since the start of the year and has gained 171.06% in the past year. The stock has achieved a multi-bagger status as it has surged 200.25% over the past 5 years.