HAL Q3: Board declares interim dividend, net profit jumps to ₹1,261 Crore

13 Feb 2024 , 11:46 AM

Hindustan Aeronautics Ltd.’s (HAL) stock fell 4% on the company’s announcement of a 9% increase in Q3 net profit.  HAL shares rise 2% on the BSE, reaching ₹2905.

In comparison to the same period last year, net profit increased to ₹1261.5 Crore in Q3 from ₹1155.19 Crore. For the fiscal year 2023–2024, the board of directors has declared its first interim dividend, which will be paid out in full to each equity share valued at ₹5/-. 

In Q3FY24, the company reported revenue of ₹6061.3 Crore, up 7% from ₹5665.54 Crore the previous year.

In the third quarter of the preceding fiscal year, earnings per share (EPS) increased to ₹18.86 from ₹17.27 in the December quarter. Compared to ₹4,951.05 Crore in the quarter ending in December 2022, total expenses in Q3 decreased to ₹4,838 Crore. 

A total of 2.13 lakh of the company’s shares were traded, generating a turnover of ₹61.95 Crore.

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