Hindustan Aeronautics Ltd (HAL) reported a 22.14% year-on-year increase in consolidated net profit for the second quarter of FY25. The profit for the quarter ended September 2024 reached Rs 1,510.48 crore, up from Rs 1,236.70 crore in the same period last year. The company’s revenue from operations rose by 6.04%, climbing to Rs 5,976.29 crore from Rs 5,635.70 crore in the corresponding period last year.
Total expenses for the quarter increased by 1.25% to Rs 4,513.92 crore, compared to Rs 4,458.03 crore in the same quarter last year. At the end of September, HAL’s total assets were valued at Rs 86,529.75 crore. Following the announcement of the quarterly results, HAL shares returned to positive territory, trading 1.03% up at Rs 4,107.60.
Hal reports 22% profit increase
The stock has rallied 45.30% in the calendar year 2024 so far. High trading volumes were observed on BSE, with around 1.71 lakh shares changing hands, surpassing the two-week average volume of 64,000 shares.
The turnover on the counter came to Rs 69.47 crore, with a market capitalisation of Rs 2,73,117.68 crore. The stock traded lower than the 5-day, 10-, 20-, 30-, 50-, 100-, 150-day, and 200-day simple moving averages (SMAs). The stock’s 14-day relative strength index (RSI) stood at 37.35.
The government held a 71.64% stake in the state-owned firm as of September 2024.
