Hindustan Aeronautics Reports Strong Growth in Quarterly Sales and Profit, EPS Declines

Hindustan Aeronautics witnesses significant surge in net sales and net profit, despite a decrease in EPS.

Hindustan Aeronautics Limited (HAL), India’s premier aerospace and defense company, has unveiled its consolidated quarterly numbers for March 2024, showcasing robust growth in key financial indicators compared to the corresponding period last year.

According to the reported figures, Hindustan Aeronautics recorded a substantial increase in net sales, with March 2024 figures reaching Rs 14,768.75 crore, representing an impressive growth of 18.2% from Rs 12,494.67 crore in March 2023. This notable surge in net sales underscores HAL’s strong performance in fulfilling domestic and international aerospace demands.

Furthermore, the quarterly net profit for March 2024 stood at Rs 4,308.71 crore, marking a remarkable escalation of 52.19% compared to Rs 2,831.18 crore in March 2023. The significant increase in net profit reflects HAL’s operational efficiency and effective cost management strategies, contributing to enhanced profitability amidst challenging market conditions.

The earnings before interest, taxes, depreciation, and amortization (EBITDA) also demonstrated robust performance, reaching Rs 6,458.57 crore in March 2024, up by 62.77% from Rs 3,968.02 crore in March 2023. This substantial growth in EBITDA underscores HAL’s ability to optimize operational performance and maintain healthy margins.

However, despite the overall positive performance, Hindustan Aeron’s earnings per share (EPS) witnessed a decline, decreasing to Rs 64.43 in March 2024 from Rs 84.67 in March 2023. The decrease in EPS may be attributed to various factors, including changes in capital structure, increased outstanding shares, or fluctuations in financial performance metrics.

On the stock market front, Hindustan Aeron shares closed at Rs 4,531.70 on May 17, 2024, on the National Stock Exchange (NSE). The company has delivered remarkable returns of 111.11% over the last six months and an impressive 192.94% over the last twelve months, reflecting strong investor confidence and market performance.

In conclusion, Hindustan Aeronautics’ robust performance in the latest quarterly report reaffirms its position as a key player in the aerospace and defense sector, poised for sustained growth and innovation in the global market landscape.

News Bureau
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