The share price of defence equipment manufacturing company, Hindustan Aeronautics rose by 4% as the company posted 5% growth in its consolidated net profit for the March quarter largely driven by high operational revenue and one-off accounting gains. The company has also announced its highest ever dividend.
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HAL: Q4 net profit rises 5% YoY
The company’s fourth quarter net profit was pegged at Rs 4,196 crore, rising 5.5%% year-on-year against Rs 3,976 crore reported in the year-ago period. Sequentially, the PSU’s net profit advanced by a whopping 124% from Rs 1,866 crore reported in the preceding quarter.
The aerospace company reported its consolidated revenue from operations for the March quarter at Rs 13,942 crore increasing nearly 2% from Rs 13,698 crore reported for Q4FY25. On a sequential basis the company’s topline advanced by 81% from Rs 7,698 crore posted in the previous quarter.
For Q4FY6, the company’s total consolidated expenses expanded by 4% YoY to Rs 9,522 crore from Rs 9,149 crore posted in the same quarter last year. On a quarterly basis, HAL’s total expenses increased by 55% from Rs 6,138 crore.
HAL: Board recommends Rs 35 dividend
The Bengaluru headquartered company’s board has proposed its first interim dividend of Rs 35 per share of Rs 5 each for FY26. If approved, this would mark the highest ever dividend payout by the firm.
HAL: Share Price
The company’s share price was up nearly 2% in the intra-day session. Over the past one month the PSU’s stock has delivered a return of nearly 11%, while over the past six months it has declined by around 1%.
So far this year HAL’ share price has climbed up by nearly 7%.