Defense company Hindustan Aeronautics released quarterly results, stock shines

The largest company in the defense sector, Hindustan Aeronautics Limited (HAL) has released the results for the second quarter of the current financial year. After the release of quarterly results, the company's stock rose sharply. We will tell you how the company's financial performance was in the second quarter.

The net profit of the company was up 22.14 percent at Rs 1510.49 crore in Q2 FY 2025. It reported a profit of Rs 1236.67 crore in the same quarter a year ago. Besides this, the revenue of the company was reported at Rs 5976.29 crore, which was Rs 5635.70 crore in the September quarter of last year. Compared to a year ago, EBITDA came 7.3 percent higher at Rs 1640 crore this quarter. Last week, Civil Aviation Minister K. Ram Mohan Naidu declared a plan to develop aircraft design and manufacturing capabilities in India. In this, a partnership was made between HAL (Hindustan Aeronautics Limited) and NAL (National Aerospace Laboratories).

After the quarterly results earning announcement, Hindustan Aeronautics shares opened with a 3 percent gain. Throughout the day, the firm share touched the price of Rs 4,185. However, later on, there was selling in the stock, and finally, it closed at Rs 4087.40 per share with a gain of Rs 21.85 or 0.54 percent.