HAL Q3 earnings: Strong aircraft demand drives 9% profit growth at Rs 1,261 cr.
businesstoday.in
India
13-02-2024
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The board of directors has declared its first interim dividend of Rs 22 per equity share of Rs. 5/- each fully paid up for the financial year 2023-24.
In comparison to the same period last year, net profit increased to Rs 1261.5 crore in Q3 from Rs 1155.19 crore.For the fiscal year 2023–2024, the board of directors has declared its first interim dividend, which will be paid out in full to each equity share valued at Rs. 5/-. In Q3FY24, the company reported revenue of Rs 6061.3 crore, up 7% from Rs 5665.54 crore the previous year.
In the third quarter of the preceding fiscal year, earnings per share (EPS) increased to Rs 18.86 from Rs 17.27 in the December quarter. Compared to Rs 4,951.05 crore in the quarter ending in December 2022, total expenses in Q3 decreased to Rs 4,838 crore.
A total of 2.13 lakh of the company's shares were traded, generating a turnover of Rs 61.95 crore.
The company's market value dropped to Rs 1.91 lakh crore on the BSE.