HAL share price: Stock rises as firm becomes 14th 'Maharatna' company; check the other 13 & key details

Shares of the company in the morning deals were trading at ₹4,510 apiece on the BSE, up 1.42%.

"Hon'ble Finance Minister has approved the upgradation of Hindustan Aeronautics Limited (HAL) to 14th #Maharatna CPSE. The proposal has earlier been recommended by the Inter-Ministerial Committee (IMC) headed by the Finance Secretary and Apex Committee headed by Cabinet Secretary," the Department of Public Enterprises stated in the post on X.

The other 13 Central Public Sector Enterprises that are classified as Maharatna are NTPC Limited (NTPC), Oil and Natural Gas Corporation Limited (ONCC), Steel Authority of India Limited (SAIL), Bharat Heavy Electricals Limited (BHEL), Indian Oil Corporation Limited (IOCL), and Hindustan Petroleum Corporation Limited (HPCL). Coal India Limited (CIL), GAIL India Limited (GAIL), Bharat Petroleum Corporation Limited (BPCL), Power Grid Corporation of India Limited (POWERGRID), Power Finance Corporation, Rural Electrification Corporation Limited, and Oil India Ltd.

CPSEs eligible for Maharatna status must hold Navratna status and be listed on the Indian stock exchange with the minimum public shareholding as per SEBI regulations.

CPSEs should have had an average annual turnover exceeding ₹25,000 crore and an average annual net worth of over ₹15,000 crore in the past three years. Additionally, they must achieve an average annual net profit after tax of more than ₹5,000 crore during the same period and possess a significant global presence or international operations, as per the official statement.

Notably, Maharatna companies have the freedom to undertake mergers, acquisitions, and strategic investments both domestically and internationally. The status aims to empower these companies to expand their operations and emerge as global giants.

The Government of India classifies Central Public Sector Enterprises (CPSES) into three categories—Maharatna, Navratna, and Miniratna.

HAL Q1 FY25 Results

Hindustan Aeronautics (HAL) reported a 76.5% rise in its consolidated net profit for the quarter ended June 30, 2024 (Q1 FY25) at ₹1,437.2 crore as against ₹814.2 crore logged in the year ago period.

Other income came in at ₹736.5 crore as compared to ₹409.9 crore in the corresponding quarter of the previous fiscal.

The defence company's revenue increased by 11% year-on-year (YoY) to ₹4,347.5 crore from ₹3,915.3 crore reported in the June 2023 quarter.

EBITDA, or earnings before interest, taxes, depreciation, and amortisation, surged by 13% to ₹990.6 crore as against ₹876.8 crore seen during the same period last year. Its margins stood at 22.8%, as against 22.4% in the year-ago period.