HAL Q2: Net Profit Jumps 22% To ₹1,510 Cr, Beats Estimates

Hindustan Aeronautics Ltd (HAL) reported its earnings for the quarter ended September on Thursday afternoon. The stock saw a minor jump after the results came out.

What Happened: The aerospace and defence company's net profit for the quarter under review stood at ₹1,510.4 crore, a 22% jump from the ₹1,236 crore posted in the same quarter last year. The number was much ahead of street estimates.

Revenue from operations was reported at ₹5,976.29 crore, a 6% increase compared to the ₹5,636 crore posted in the corresponding quarter of the previous year. The figure came in below analyst estimates.

On average analysts expected the company post to post a revenue of ₹6,210 crore with a net profit of ₹1,395 crore.

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Earlier in the quarter, the company was granted ‘Maharatna' status, becoming the 14th Central Public Sector Enterprise (CPSE) to bag this esteemed recognition.

Price Action: HAL’s share price was up 0.29% to trade at ₹4,078.65 on Thursday afternoon.

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