Rs 13/Sh Dividend: Multibagger Defence PSU HAL Declares 77% Jump In Net Profit

Large cap public sector undertaking (PSU) from defence & aerospace sector, Hindustan Aeronautics Ltd shares ended in red today despite declaring a surge of 77% in its consolidated net profit for Q1FY2025 to Rs 1437 crore as against Rs 814 crore announced in the corresponding period of last year. Last trading price of HAL shares on BSE is Rs 4661.35 per share. The defence PSU announced its consolidated revenue at Rs 4348 crore for the June 2024 quarter, up 11% as compared to Rs 3915 crore declared in the similar quarter of last year.

Meanwhile, brokerage firm Prabhudas Lilladher has recommended hold call to HAL shares. Earlier this year on June 26, 2024, HAL recommended a final dividend of Rs 13 per equity share of the face value of Rs 5 per equity share. HAL fixed August 21 as record date for dividend.Check details below:

HAL Dividend: As per the BSE filing of HAL issued as on June 26, 2024, "(a) Final dividend of Rs 13/- per equity share of Rs. 5/- each fully paid up (260%) for the Financial Year 2023-24, which shall be paid to the eligible shareholders within 30 days from the date of its approval in AGM. Record Date for the payment of final dividend for the financial Year 2023-24, if approved by the shareholders in the ensuing AGM, will be Wednesday, the 21st August, 2024."

HAL Q1: The total income of HAL surged 18% to Rs 5083 crore for June 2024 quarter as against Rs 4325 crore declared in the similar period of last year. Meanwhile, HAL's expense witnessed marginal surge to Rs 3506 crore for the quarter under review as compared to Rs 3239 crore reported in the similar quarter of last year. EBITDA of HAL jumped 13% YoY for Q1FY2025 to Rs 994 crore as against Rs 880 crore reported in the similar quarter of last year.

HAL Shares Performance: Hindustan Aeronautics shares offered eye-catching returns of 140% in last 1-year, gained 311% in last 2-years, and jumped 756% in last 3-years. In last 5-years, HAL stock offered eye-popping returns of 1317%.
HAL About: Hindustan Aeronautics Ltd (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, among others.

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