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Hindustan Aeronautics Limited (HAL), India's leading aerospace and defense company, reported a significant rise in its standalone net profit for the September 2024 quarter, signaling robust financial performance. The company's net profit surged by 20.65% year-on-year to ₹1,950 crore during the quarter, indicating a healthy growth trajectory. This positive trend was fueled by a substantial increase in revenue from operations and improved profitability.
HAL's revenue from operations witnessed a notable 16.83% growth, reaching ₹11,220 crore in the September 2024 quarter compared to the same period last year. This growth can be attributed to increased orders for aircraft, helicopters, and other aerospace products, reflecting the strong demand in the Indian defense sector. The company's focus on expanding its product portfolio and enhancing its manufacturing capabilities has played a crucial role in driving this revenue growth.
Apart from the impressive revenue growth, HAL also showcased improved profitability. Its earnings before interest, taxes, depreciation, and amortization (EBITDA) climbed by 28.8% year-on-year to ₹2,260 crore during the quarter. This robust EBITDA performance highlights the company's efficient cost management and operational excellence. The improved profitability is a testament to HAL's ability to navigate the challenging macroeconomic environment and deliver strong financial results.
Source: Hindustan Aeronautics standalone net profit rises 20.65% in the September 2024 quarter