Hindustan Aeronautics Ltd's Q2FY19 standalone net profit rises over four-fold yoy to Rs289.42cr

The company’s standalone revenue stood at Rs2,610.33cr, up 10% yoy but down 7.24% qoq.

Nov 09, 2018 10:11 IST India Infoline Research Team

Hindustan Aeronautics Ltd Q2FY19

Standalone Results Q2FY19: (Rs. in cr)

Q2FY19 YoY (%)
Revenue 2,610.33 10
EBITDA 523.06 317.5
EBITDA Margin (%) 20 1,476
Net Profit (adjusted) 289.42 326.2
***EBITDA margin change is bps
Hindustan Aeronautics Limited (HAL) posted very strong numbers for the September quarter of the current financial year. Standalone revenues for the current quarter increased by 10% yoy to Rs2,610.3cr as compared to Rs2,373.2cr for the same quarter last year. EBITDA jumped over four times yoy to Rs523.1cr from Rs125.3cr in Q2FY18. EBITDA margin swelled-up from 5.3% in Q2FY18 to 20% in Q2FY19. Profit after taxes too jumped more than four times yoy to Rs289.4cr in Q2FY19 from Rs67.9cr in Q2FY18.
  • Spike in operating profit as well as in margins were attributed to sharp reduction in direct input costs (down 27.5% yoy Rs667.8cr) and provisions (down 41.6% yoy Rs148.3cr).
  • Thus bottom-line too posted sparkling numbers despite a drop in other income (down 63.4% yoy Rs69.7cr) and higher tax expenses (47% yoy Rs163.1cr).
  • Cash and cash equivalent stood at Rs191.2cr at the end of H1FY19 as against Rs91.5cr at the close of FY18.
  • Borrowings (including current) stood at Rs121.3cr for H1FY19 as compared to Rs204.2cr at the end of FY18.

Technical View:

Hindustan Aeronautics Ltd ended at Rs. 919.20, up by 129.2 points or 16.35% from its previous closing of Rs. 790 on the BSE.
The scrip opened at Rs. 785 and touched a high and low of Rs. 944.80 and Rs. 785 respectively. A total of 6,07,323 (NSE+BSE) shares were traded on the counter. The stock traded below its 100 DMA.

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