Hal share price
HAL Q1 results: Revenue from operations rose 11 percent to Rs 4,348 crore
Hindustan Aeronautics stock has delivered multibagger returns to the shareholders in the last one year, zooming 139.29 per cent in the last 365 days.
Hindustan Aeronautics Ltd (HAL) on August 14 reported its Q1FY25 net profit rose 77 percent on-year to Rs 1,437 crore, from Rs 814 crore in the corresponding period previous year.
The PSU defence major’s April-June quarter revenue from operations rose 11 percent to Rs 4,348 crore from Rs 3,915 crore a year ago.
Read id Also-: West Bengal State Lottery 6PM Today Result
At 2:30 pm on August 14, the defence stock’s shares were trading over 1 percent lower at Rs 4,649 apiece.
Hindustan Aeronautics has been in focus under Prime Minister Narendra Modi’s push for self-reliance (Atmanirbhar Bharat), helping the company bag major defence and manufacturing orders.
In May this year, in the run up to general elections, Modi highlighted the impressive performance of PSU stocks citing the example of HAL. “Look at HAL (Hindustan Aeronautics Ltd) — it has posted record profit in the fourth quarter of Rs 4,000 crore,” he said.
In April this year, the company bagged an order from the Defence Ministry to produce 97 light combat aircraft (LCA Mk-1A) Tejas for the Indian Air Force, which will cost around Rs 67,000 crore.
The Bengaluru-headquartered company’s order book shows a promising outlook with a whopping Rs 94,000 crore orders as of March 31, 2024. The company received new manufacturing contracts above Rs 19,000 crore and Repair and Overhaul (ROH) contracts over Rs 16,000 crore during the fiscal year 2023-24.
Read id Also-: West Bengal State Lottery 6PM Today Result
HAL share price has delivered multibagger returns to the shareholders in the last one year, with the stock rising 140 per cent in the last one year, according to BSE data. The stock has grown four-fold in the last two years, and more than seven times in the last three years.
Tags-: #halresults #halresultstoday hal share price
hal results
hal results today
Read id Also-: West Bengal State Lottery 6PM Today Result