veteran Government defense company Hindustan Aeronautics Limited (HAL) released its second quarter results on Thursday. HAL informed the stock market exchanges on Thursday that the company’s net profit has registered an increase of 22.1 percent in the second quarter of the financial year 2024-25. With this increase, the company’s net profit increased to Rs 1510 crore in the July-September quarter. Let us tell you that in the second quarter of the last financial year, the net profit of HAL was Rs 1237 crore.
Company’s revenue increased by 6 percent to Rs 5976 crore
The defense company said that their revenue has also seen an increase during this period. In the second quarter of the current financial year, the revenue of Hindustan Aeronautics Limited increased by 6 percent to Rs 5976 crore, which was Rs 5636 crore in the second quarter of the last financial year. Apart from these, the EBITDA of the company also increased to Rs 1640 crore in the second quarter of the current financial year, which was Rs 1528 crore in the second quarter of the last financial year.
The company’s shares closed in the green with gains on Thursday
On Thursday, HAL shares closed in the green with a decent gain. Today the company’s shares closed at Rs 4087.40 with a rise of Rs 21.85 (0.54%). During trading today, shares of the company rose from intraday low of Rs 3921.40 to intraday high of Rs 4184.40. But, the company’s shares are still far below their 52 week high. The 52 week high of HAL shares is Rs 5675.00. According to BSE, the current market cap of this government company is Rs 2,73,355.09 crore.
Share price has been falling for the last 3 months
According to BSE data, HAL shares have been declining continuously for the last 3 months. The company’s share price has fallen 12.31 percent in the last 3 months. The company’s shares have given a return of 98.40 percent to its investors in the last 1 year. The price of this share has increased by 476.95 percent in the last 3 years. The price of this PSU stock has increased by 917.96 percent in the last 5 years.
