Hindustan Aeronautics Ltd Share Price – NSE  /  BSE

Aerospace & Defence, Mid Cap

The revenue for FY24, registered a double digit growth of up to 11% year on year from Rs 26,928 crore recorded in the previous financial year.

C. B. Ananthakrishnan, CMD (addl charge) of Hindustan Aeronautics, said, “Despite the major supply chain challenges arising due to geopolitical issues, the company has met the expected revenue growth with improved performance for the entire year. As on 31 March 2024, company's order book stands in excess of Rs 94,000 crore with additional major orders expected during FY 2024-25.”

HAL received fresh manufacturing contracts of over Rs 19,000 crore and ROH contracts of over Rs 16,000 crore during FY 2023-24.

“HAL with a robust order book and accelerated delivery plan is expected to sustain and improve the growth trajectory and support the Indian Defence services in their endeavor towards defence preparedness of the country,” the company stated in a filing.

Hindustan Aeronautics (HAL) is an aerospace and defense company, owned by the government of India. The company develops designs, manufactures, and supplies aircraft, helicopters, avionics, and communications equipment for military and civil markets.

The company’s consolidated net profit increased 9.2% to Rs 1,261.51 crore on 6.98% rise in revenue from operations stood to Rs 6,061.28 crore in Q3 FY24 over Q3 FY23.

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HAL recorded the highest ever revenue from operations of over Rs. 29,810 crore (provisional and unaudited) for the financial year .ended on 31 March 2024 registering a double digit growth of around 11% as against 9% in the previous financial year. The corresponding figure for the previous year was at Rs. 26,928 crore.

Despite the major supply chain challenges arising due to geopolitical issues, the Company has met the expected revenue growth with improved performance for the entire year. As on March 31, 2024, Company's order book stands in excess of Rs 94,000 crore with additional major orders expected during FY 2024-25, said C. B. Ananthakrishnan, CMD(Addl Charge), HAL.

HAL received fresh manufacturing contracts of over Rs 19,000 crore and ROH contracts of over Rs 16,000 crore during FY 2023-24.

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The company will supply six sets of LM2500 gas turbines (GT) and GT auxiliaries (GTAE), spares, tools for Indian Navy Next Generation Missile Vessel (NGMV) project.

The project is expected to be executed from FY 2026 to FY 2029.

Hindustan Aeronautics (HAL) is an aerospace and defense company, owned by the government of India. The company develops designs, manufactures, and supplies aircraft, helicopters, avionics, and communications equipment for military and civil markets.

The company’s consolidated net profit increased 9.2% to Rs 1,261.51 crore on 6.98% rise in revenue from operations stood to Rs 6,061.28 crore in Q3 FY24 over Q3 FY23.

The scrip rose 1.40% to settle at Rs 3,327.25 on Thursday, 28 March 2024. The domestic market is closed today, on account of Good Friday.

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Hindustan Aeronautics has signed a contract with Cochin Shipyard (CSL), Kochi for supply of 6 sets of LM2500 Gas Turbines (GT) and GT Auxiliaries (GTAE), Spares, Tools for Indian Navy Next Generation Missile Vessei (NGMV) Project. The value of the order is Rs 1,173.42 crore.

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