HAL Q3 Results: Net profit rises over 9% to Rs 1,261 crore, beats analysts' estimates

Aerospace and defence company Hindustan Aeronautics Ltd (HAL) on Monday reported a 9.2 per cent year-on-year increase in consolidated net profit to Rs 1,261.4 crore for the October-December period. 

The Bengaluru-headquartered PSU's revenue expanded to Rs 6,061.3 crore for the fiscal third quarter, from Rs 5,665.5 crore for the corresponding period a year ago, according to a regulatory filing. 

HAL's margin, a key measure of profitability, improved by 630 basis points on a year-on-year basis to 23.7 per cent for the quarter ended December 31, 2023. 

According to Zee Business research, HAL's third-quarter profit was estimated at Rs 1,102 crore, revenue at Rs 6,100 crore, and margin at  23.5 per cent. 

HAL shares, however, continued to reel under selling pressure after the earnings announcement, trading 2.7 per cent lower for the day at Rs 2,884.7 apiece on BSE at the last count.

HAL's board declared an interim dividend of Rs 22 per share with a record date of February 20. Read more on HAL dividend 

(This story will be updated shortly)

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