A BSE statement states that HAL reported a 52% increase in consolidated profit after tax (PAT) at Rs 4308.71 crore for the March quarter. HAL’s PAT for the same quarter of the previous year was Rs 2831.19 crore.
195% yield in a year After Q4 earnings, this defence PSU stock rises to an all-time high.
Hindustan Aeronautics Ltd. (HAL), a defense business, released its financial results for the fourth quarter of its fiscal year 2024 on Thursday, May 16.
According to a BSE declaration, the company recorded a 52% increase in consolidated profit after tax (PAT) at Rs 4308.71 crore for the March quarter. HAL’s PAT for the same quarter of the previous year was Rs 2831.19 crore.
Defense contractor HAL reported an 18% growth in its overall revenue of Rs 14,768.75 crore on a year-over-year (YoY) basis, up from Rs 12494.67 crore in Q4FY24.
The defense company was predicted by stock 24 news Research to report sales of Rs 14,137 crore and a net profit of Rs 2,872 crore for the last quarter of the fiscal year.
For the March quarter of FY24, HAL produced an Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) margin of 40%. In comparison, the company’s EBITDA margin for the same quarter previous year was 26%. EBITDA was reported at Rs 5,901.1 crore as opposed to Rs 3,245.8 crore during the same period last year.
HAL stock movement for the day
Following Q4 earnings, HAL’s stock Today on the BSE, they were 10% higher at Rs 4,603.4 apiece, marking an all-time high. In the past year, investors have received approximately 195% profits on their shares of the company.
Analyst prediction for HAL shares
Yesterday, May 15, stock 24 news expert Kushal Gupta urged investors buy Hindustan Aeronautics Limited (HAL), one of the prominent defence stocks in India, for one year.
A target price of Rs 4,800 per share was stated by Gupta.
HAL stock results
Investors who purchased HAL shares in the last year have profited from a return of more than 196%. In the past six months, the company’s shares have returned more than twice as much, with a year-to-date (YTD) increase of about 65%.
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