Hindustan Aeronautics Q4 Results: Consolidated Net Profit Declines, Share Fall

Large cap PSU company operating in Defence sector, Hindustan Aeronautics Ltd (HAL) on Friday announced its consolidated net profit on Friday at Rs 2831 crore for the fourth quarter of FY23, down 9%. The company reported Rs 3105 crore consolidated net profit in the same quarter last year.

Meanwhile, revenue from operations soared 8% year on year (YoY) to Rs 12, 494 crore the quarter ended March as against Rs 11,558 crore declared in the corresponding quarter last year.

Shares of Hindustan Aeronautics witnessed a decline of 1.57% till 1:57 pm and currently trading at Rs 2971.95 apiece on BSE. The stock's 52-week high price is quoted at Rs 3050.00 and 52-week low price is quoted at Rs 1468.00 per share, respectively. The shares of the company gave return of 20% in last 6-months, jumped 96% in last 1-year, 195% return in last 2-years, and a massive return of 502% in last 3-years only.

HAL is actively engaged and is contributing to the space programmes of the country. A separate Aerospace division was established in 1988. HAL is currently meeting the requirements of structures for aerospace launch vehicles and satellites of ISRO through the Division. Infrastructure has also been set up to undertake complete assembly of the strap-on L-40 stage booster. Structures for GSLV Mk.III, Mars Mission and Human crew module have been supplied by HAL to ISRO. HAL is also setting up dedicated facility for manufacture of cryogenic engines, according to its official website.