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HAL Shares Surge On Reporting Its Highest Turnover Ever

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Hindustan Aeronautics Limited (HAL) posted its all-time high turnover of Rs 19,705 crore, registering a growth of 7.8 percent in 2018-19 from Rs 18,284 crore in the previous corresponding period, the company said in a statement on Monday.

Shares of HAL rose as much as 5.1 percent to Rs 741 on Tuesday morning, a day following the results.

HAL Shares Surge On Reporting Its Highest Turnover Ever
 

The state-run aerospace major's profit after tax (PAT) for the financial year 2018-19 increased by 14.8 percent to Rs 2,282 crore from Rs 1,987 crore last year.

Its revenue for the March-ended quarter was up by 10.8 percent to Rs 10,044.6 crore and net profit rose by 13.1 percent on a year-on-year basis to Rs 1,177.3 crore. Earnings before interest, tax, depreciation and amortization (EBITDA) for the fourth quarter of FY19 grew by 15.5 percent to Rs 2,493.1 crore and EBITDA margin rose to 24.8 percent as against 23.8 percent in the corresponding period.

The company said it has already paid an interim dividend worth Rs 662 crore for 2018-19.

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