Hindustan Aeronautics Q4 Results: Profit Rises 52% As Margin Expands

Hindustan Aeronautics Ltd.'s fourth-quarter profit rose 52.2% year-on-year to Rs 4,309 crore for the quarter-ended March 2024, according to an exchange filing on Thursday.

Revenue rose 18.2% to Rs 14,769 crore in the January-March period, as against Rs 12,495 crore over the same period last year.

• Revenue up 18.2% to Rs 14,769 crore versus Rs 12,495 crore.

• Ebitda rises 81.8% to Rs 5,901 crore versus Rs 3,246 crore.

• Margin at 40% versus 26%.

• Net profit rose 52.2% to Rs 4,309 crore versus Rs 2,831 crore.

Margin expansion was led by 38.5% decline in purchases of stock in trade, a 13.9% reduction in employee benefit expenses, along with considerable change in inventories, offsetting a 30.7% increase in raw materials consumed this quarter, as compared with the corresponding quarter of last year.

"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," said CB Ananthakrishnan, chairman and managing director (additional charge), HAL.

As on March 31, the company's order book stands in excess of Rs 94,000 crore, with additional major orders expected during FY25, he said.

HAL received manufacturing contracts of over Rs 19,000 crore and repair and overhaul contracts of over Rs 16,000 crore during FY24.

Shares of Hindustan Aeronautics rose as much as 8.74% to Rs 4,550 apiece, as compared with a 0.39% advance in the Nifty 50.