desk
Share
Hindustan Aeronautics Limited (HAL), the public sector aerospace giant, has announced robust financial results for the third quarter of FY 2024. The company has reported strong growth in profits, earnings, and EBITDA, showcasing its improving financial strength and operational efficiency.
HAL’s Q3 Financial Performance: Strong Growth Across Key Metrics
1. Profits and Earnings Surge
- Standalone profit for Q3 rose to ₹1,433 crore, up from ₹1,254 crore in the same quarter last year.
- Total standalone earnings increased from ₹6,061 crore to ₹6,957 crore, reflecting a strong year-on-year (YoY) growth.
2. EBITDA and Margins Show Improvement
- EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) surged from ₹1,434 crore to ₹1,680 crore compared to the previous year.
- HAL exceeded market expectations by reporting ₹1,211.5 crore in EBITDA, surpassing analysts' estimates of ₹1,073 crore.
- EBITDA margin stood at 12.8%, higher than the estimated 11.8%. However, it saw a slight annual decline from 24.14% to 23.64%.
HAL Declares ₹25 Per Share Interim Dividend
To reward investors, HAL has announced an interim dividend of ₹25 per share, reinforcing its commitment to shareholder value.
What This Means for Investors?
- The dividend payout reflects HAL’s strong financial position.
- Investors stand to benefit from both the company’s growth and dividend earnings.
- With continuous operational improvements, HAL remains a key stock in the defense and aerospace sector.
