195% return in one year: This defence PSU stock hits all-time high after Q4 earnings

On Thursday, May 16, defence company Hindustan Aeronautics Ltd (HAL) shared its financial results for the fourth quarter of fiscal 2024. 

The company reported a 52 per cent increase in consolidated profit after tax (PAT) at Rs 4308.71 crore for the March quarter, according to a BSE disclosure. In the same quarter last year, HAL's PAT was recorded at Rs 2831.19 crore. 

The defence company HAL posted a 18 per cent growth on year-on-year (YoY) basis in its consolidated revenue of Rs 14,768.75 crore which was Rs 12494.67 crore in Q4FY24. 

According to Zee Business research, the defence company was estimated to register a net profit of Rs 2,872 crore and revenue of Rs 14,137 crore for the fourth and final quarter of the last financial year.

HAL delivered an Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) margin of 40 per cent for the March quarter of FY24. The company had delivered EBITDA margin of 26 per cent during the same quarter last year. It recorded EBITDA at Rs 5,901.1 crore while it was Rs 3,245.8 crore during the same time on year ago.

HAL stock movement today

Post Q4 results, HAL's shares closed 10 per cent higher at Rs 4,603.4 each today on BSE, and recorded an all time high. The company's shares have given around 195 per cent returns to its investors in last one year.

Analyst's call on HAL stock

Yesterday, May 15, Zee Business analyst Kushal Gupta suggested investors buy Hindustan Aeronautics Limited (HAL), one of the prominent defence stocks in India, for one year. 

Gupta had given a target price of Rs 4,800 per share. 

Read More: Defence stock to buy: Analysts suggest buying this stock for long-term, check targets

HAL stock performance

HAL shares have rewarded investors with a return of over 196 per cent in the past 12 months. The company's shares have jumped almost 65 per cent on a year-to-date (YTD) basis and provided more than 2x returns in the last six months.