Net profit of government defense company increased by 22.1%, increase in revenue also recorded

The leading government defense company Hindustan Aeronautics Limited (HAL) released its second-quarter results on Thursday. HAL informed the stock market exchanges on Thursday that the company’s net profit has increased by 22.1 percent in the second quarter of the financial year 2024-25. With this increase, the company’s net profit increased to Rs 1510 crore in the July-September quarter. Let us tell you that in the second quarter of the last financial year, HAL’s net profit was Rs 1237 crore. 

The company’s revenue increased by 6 percent to Rs 5976 crore.

The defense company said that its revenue has also increased during this period. In the second quarter of the current financial year, the revenue of Hindustan Aeronautics Limited increased by 6 percent to Rs 5976 crore, which was Rs 5636 crore in the second quarter of the last financial year. Apart from this, the EBITDA of the company also increased to Rs 1640 crore in the second quarter of the current financial year, which was Rs 1528 crore in the second quarter of the last financial year.

The company’s stock closed in the green mark with a gain on Thursday.

On Thursday, HAL shares closed in the green with a decent gain. Today the company’s shares closed at Rs 4087.40 with a gain of Rs 21.85 (0.54%). During trading today, the company’s shares rose from an intraday low of Rs 3921.40 to an intraday high of Rs 4184.40. However, the company’s shares are still well below their 52-week high. The 52-week high of HAL shares is Rs 5675.00. According to BSE, the current market cap of this government company is Rs 2,73,355.09 crore.

Share price has been falling for the last 3 months.

According to BSE data, HAL shares have been declining continuously for the last 3 months. The company’s share price has fallen by 12.31 percent in the last 3 months. The company’s stock has given a return of 98.40 percent to its investors in the last 1 year. The price of this stock has increased by 476.95 percent in the last 3 years. The price of this PSU stock has increased by 917.96 percent in the last 5 years.