BackHAL shares drop by nearly 2% ahead of Q4 results, check details
The shares of Hindustan Aeronautics Ltd was down by 2.18 per cent on BSE at ₹2,952.50.
PremiumThe shares of Hindustan Aeronautics Ltd were trading lower in Friday's trade ahead of the company's March quarter results. The company will announce the quarterly results on 12 May.
The shares of Hindustan Aeronautics Ltd was down by 2.18 per cent on BSE at ₹2,952.50. However, The stock is up 16.21 per cent on year-to-date basis and it rose by 18.54 per cent in the last six months.
Recently, Morgan Stanley Capital International (MSCI) has added Hindustan Aeronautics Ltd (HAL), Max Healthcare and Sona BLW Precision to its India Standard Index in its May 2023 rejig.
The addition into the index is expected to result in inflow of $195 million for Hindustan Aeronautics Ltd, $295 million for Max Healthcare and $175 million for Sona BLW, as per Nuvama Alternative & Quantitative Research.
Hindustan Aeronautics Limited reported a net profit of ₹1,155.2 crore, up 23.8% year-on-year in the quarter ended December 2022 as against ₹933.4 crore reported in the year-ago period.
Revenue from Operations fell 3.9% to ₹5,665.5 crore in the December quarter as compared to ₹5,893.8 crore in the corresponding quarter of last year.
EBITDA or Earnings Before Interest, Taxes, Depreciation, and Amortization dropped 31% to ₹985.5 crore in Q3FY23 as against ₹1,428.5 cr YoY, with a margin of 17.4%.
Total expenses of the aerospace company rose 2% to ₹4,951 crore for the quarter under review. This was ₹4,840 crore in the corresponding quarter of last year.
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