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The company’s net profit for the period increased by 14% from last year to ₹1,432.6 crore from ₹1,253.5 crore.
Topline rose 15% from last year to ₹6,957 crore. The company had reported a revenue of ₹6,061 crore during the same period last year.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter grew by 17.2% from the year-ago period to ₹1,681 crore, while margins saw a marginal expansion of basis points to 24.2% from 23.7% in the same quarter last year.HAL has declared a first interim dividend of ₹25 per equity share for the financial year 2024-25. This will lead to a total payout of over ₹1,600 crore. The government, which holds 72% stake in the company, will get nearly ₹1,200 crore in the bargain.
Record date for the same has been fixed as February 18, 2025.
The date of payment of the dividend will be paid to all the eligible shareholders by March 14, 2025.HAL shares declined in early trade today after the Indian Air Force publicly complained about the delay in the delivery of Tejas fighter jets manufactured by the state-owned company.
The embarrassment and the subsequent fall in share price prompted HAL management to react quickly and promise that the deliveries of the Tejas aircraft will begin as the technical difficulties have been resolved.
“The delay is not simply attributable to just I would say laziness on part of the industry. There have been technical issues which have got sorted out. The concern of the Air Chief is understandable,” D K Sunil, Chairman and Managing Director of HAL said to reporters at the Aero India 2025 summit, according to a PTI report.
HAL is expected to deliver 16 LCA Mk1A fighter jets to the Indian Air Force in 2025. The first delivery scheduled for March 2024 had already witnessed a delay due to project related issues. It aims to deliver about 83 such jets by 2029.
A day earlier, Chief Marshal AP Singh of the Indian Air Force said that he has “no confidence” in the Bengaluru-based HAL. which has been tasked with the making of the Tejas Mk1 fighter jets, India’s first indigenously made light combat aircraft.
Following the earnings announcement, shares of Hindustan Aeronautics Ltd. are currently trading 1.39% lower at ₹3,598.60. The stock has tumbled 15% so far this year.
