HAL Q2 Net Profit: Hindustan Aeronautics Ltd (HAL) on Thursday released its fiscal second quarter earnings with profit growth of 22.14 per cent at Rs 1510.49 crore, in comparison to Rs 1236.67 crore during the corresponding quarter of FY24. It posted revenue from operations at Rs 5976.29 crore, up 6.04 per cent as against Rs 5635.70 crore during the same period of previous financial year. The company EBITDA stood at Rs 1,640 crore, up 7.3 per cent on-year.
Shares of Hindustan Aeronautics rose 3 per cent to an intraday high of Rs 4,185 after the company reported a jump of 22 per cent on-year in Q2FY25 net profit.
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On a standalone basis, HAL recorded Q2 profit at Rs 1490.36 crore, recording a growth of 20.65 per cent in comparison to Rs 1235.30 crore recorded during the same period of previous fiscal year. Revenue for the quarter stood at Rs 5976.55 crore.
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HAL has been in focus after the recent announcement by Civil Aviation Minister K Rammohan Naidu on plans to develop aircraft design and manufacturing capabilities in India, collaborating with industry leaders like HAL (Hindustan Aeronautics Ltd) and NAL (National Aerospace Laboratories).
In October, K Rammohan Naidu had said, “We want to design and manufacture planes in India. We are taking help from HAL (Hindustan Aeronautics Ltd) and NAL (National Aerospace Laboratories) and other industry partners we have.”
“In the foreseeable future, we want to also have a situation where we manufacture planes not for domestic demand only but also for the demand of the entire world… we are going to move towards it,” the minister said.
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