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HAL Hits Record High after Co Announces Q4 FY24 Earnings

May 21, 2024

By: BlinkX Research Team

Hindustan Aeronautics rose nearly 7.99% on Thursday hitting an all-time high of 4,600.55 rupees after the company’s consolidated net profit jumped 52.19% to 4,308.68 crore rupees in Q4 FY24 against 2,831.19 crore rupees in Q4 FY23.

Key Takeaways from Hindustan Aeronautics Performance:

• HAL hits an all-time high of up 7.99% at 4,600.55 rupees.
• The company’s consolidated net profit jumped 52.19% to 4,308.68 crore rupees in Q4 FY24.
• Revenue from operations increased 18.36% year on year to 14,788.75 crore rupees. 

Revenue from operations increased 18.36% year on year to 14,788.75 crore rupees during the quarter ended March. On a full-year basis, HAL’s consolidated net profit rose 30.77% to 7,620.95 crore rupees. Further, revenue from operations rose 12.83% to 30,381.08 crore rupees in FY24 over FY23.

About Hindustan Aeronautics Limited:

Hindustan Aeronautics Limited (HAL) is an aerospace and defence company, owned by the government of India. It develops, designs, manufactures, and supplies aircraft, helicopters, avionics, and communications equipment for military and civil markets. The company also provides repair, maintenance, and support services for aircraft. Hindustan Aeronautics Limited offers accessories for aircraft, helicopters and aero engines, aerospace equipment, advanced communication, and navigation equipment.

Read More About Hindustan Aeronautics Limited Share Price Here!