Net profit of Hindustan Aeronautics rose 22.14% to Rs 1510.48 crore in the quarter ended September 2024 as against Rs 1236.70 crore during the previous quarter ended September 2023. Sales rose 6.04% to Rs 5976.29 crore in the quarter ended September 2024 as against Rs 5635.70 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales5976.295635.70 6 OPM %27.4427.11 - PBDT2194.382001.07 10 PBT2016.811651.42 22 NP1510.481236.70 22 Powered by Capital Market - Live

Net profit of Hindustan Aeronautics rose 20.65% to Rs 1490.36 crore in the quarter ended September 2024 as against Rs 1235.30 crore during the previous quarter ended September 2023. Sales rose 6.05% to Rs 5976.55 crore in the quarter ended September 2024 as against Rs 5635.81 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales5976.555635.81 6 OPM %27.2827.13 - PBDT2174.121999.50 9 PBT1996.681650.05 21 NP1490.361235.30 21 Powered by Capital Market - Live

Revenue from operations increased 6.04% YoY to Rs 5,976.29 crore in the quarter ended 30 September 2024. Profit before exceptional items and tax surged 22.12% YoY to Rs 2,016.81 crore in Q2 FY25. The firm reported exceptional items of Rs 5.89 crore during the quarter. Total expenses rose 1.25% YoY to Rs 4,513.92 crore during the quarter. Cost of materials consumed was at Rs 3,063.99 crore (up 55.75% YoY) while employee benefits expense stood at Rs 1,375.32 crore (up 15% YoY) during the period under review. On half year basis, the company's consolidated net profit climbed 43.72% to Rs 2,947.64 crore in H1 FY25 as compared to Rs 2,050.94 crore recorded in H1 FY24. However revenue from operations grew 8.09% YoY to Rs 10,323.79 crore in H1 FY25. The company's board has approved the appointment of Barenya Senapati, currently Director (Finance), as the Chief Financial Officer (CFO) of the company. 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. Powered by Capital Market - Live

Hindustan Aeronautics will hold a meeting of the Board of Directors of the Company on 14 November 2024.Powered by Capital Market - Live

Hindustan Aeronautics has been granted 'Maharatna' status by Department of Public Enterprises, Ministry of Finance, Government of India.Powered by Capital Market - Live

Mr. Tapas Ghose has ceased to be the General Manager, (Indgn) of Hindustan Aeronautics upon superannuation with effect from 30th September 2024.Powered by Capital Market - Live

Hindustan Aeronautics announced that Dr. Rajalakshmi Menon, OS & DG (Aero), DRDO, has been appointed as Part-time Official Director (Government Nominee Director) on the Board of Directors of the Company in place of Muzaffaruddin Siddique Zakiruddin Siddique. The change in effect from 13 September 2024. Powered by Capital Market - Live

Dr. D. K. Sunil did his graduation in Electronics & Communication Engineering from Osmania University, Hyderabad and M. Tech in Aircraft Production Engg from IIT, Madras. He also completed Ph.D in Electronics Science from University of Hyderabad in the year 2019. Sunil joined Hindustan Aeronautics (HAL) in 1987 as a Management Trainee, and has about 37 years of experience in varied roles in the company contributing significantly to design, production, quality enhancement, and customer support issues. Meanwhile, the Ministry of Defence has signed a contract with the company for supply of 240 aero-engines (AL-31FP) for Su-30 MKI aircraft of the Indian Air Force (IAF), at a cost of over Rs 26,000 crore. The aeroengines will be manufactured by the Koraput division of the company and are expected to fulfil the need of the Indian air force to sustain the operational capability of the Su-30 fleet for the defence preparedness of the country. The company would supply 30 aero-engines per annum as per the contractual delivery schedule. The supply of all 240 engines would be completed over the period of next eight years. By the end of the delivery programme, the firm would enhance the indigenisation content up to 63% to achieve an average of over 54%. This would also help increase the indigenous content of Repair and Overhaul tasks of the aero-engines. 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 surged 76.5% to Rs 1,437.16 crore in Q1 FY25 as against Rs 814.24 crore posted in Q1 FY24. Revenue from operations was at Rs 4,347.50 crore in Q1 FY25, up 11.04% as against Rs 3,915.35 crore recorded in Q1 FY24.Powered by Capital Market - Live

Hindustan Aeronautics announced that consequent upon approval of the Cabinet Committee on Security (CCS), the Ministry of Defence has signed a Contract today with the Company for supply of 240 aero-engines (AL-31FP) for Su-30 MKI aircraft of the Indian Air Force (IAF), at a cost of over Rs. 26,000 crore.Powered by Capital Market - Live

The Defence Acquisition Council (DAC), under the chairmanship of Raksha Mantri Rajnath Singh on 03 September  2024, accorded Acceptance of Necessity (AoN) for 10 capital acquisition proposals amounting to Rs 1,44,716 crore. Of the total cost of AoNs, 99% is from indigenous sources under Buy (Indian) and Buy (Indian-Indigenously Designed Developed and Manufactured) categories. For modernisation of the tank fleet of the Indian Army, the proposal for procurement of Future Ready Combat Vehicles (FRCVs) has been cleared. The FRCV will be a futuristic Main Battle Tank with superior mobility, all terrain ability, multilayered protections, precision & lethal fires over and real-time situational awareness. The AoN was also accorded for procurement of Air Defence Fire Control Radars, which will detect & track aerial target and provide firing solution. The proposal has also been approved for Forward Repair Team (Tracked) which has suitable cross country mobility for carrying out in-situ repair during mechanised operations. This equipment is designed & developed by Armoured Vehicles Nigam, and is authorised for both mechanised Infantry Battalion and Armoured Regiment. Three AoNs have been accorded to enhance the capabilities of the Indian Coast Guard (ICG). The procurement of Dornier-228 aircraft, Next Generation Fast Patrol Vessels having high operational features in rough weather conditions and Next Generation Offshore Patrol Vessels with advanced technology and enhanced long-range operations, will enhance the capability of ICG to carry out surveillance, patrolling of maritime zone, search & rescue and disaster relief operations.Powered by Capital Market - Live