Multibagger Navratna Defence Stock To Pay Rs 20/Share Dividend Post Q2 Results, PAT Jumps 44%

Hindustan Aeronautics Ltd (HAL) is a large cap company that operates in the Defence sector. The company has declared the first interim dividend of Rs 20 per equity share on November 11, 2022 and fixed record date for the same that is November 21, 2022. The company has a market capitalisation of Rs 82,894.66 crore. HAL has also declared its Q2 results. Check key takeaways below:

1. Board Of HAL Approves Rs 20 Per Equity Share Dividend

The board of directors of the leading Navratna CPSE (Central Public Sector Enterprises) stated in the BSE filing, "The Board of Directors of the Company at its meeting held today has, inter-alia, approved the Audited Financial Results (Standalone and Consolidated) for the quarter and half-year ended 30th September, 2022. Further, the Board of Directors of the Company has declared first interim dividend of Rs. 20 per equity share of Rs. 10/- each fully paid up for the Financial Year 2022-23."

As informed earlier, Record date for the payment of first interim dividend will be Monday, the 21st November, 2022.

2. HAL Q2 Results

Hindustan Aeronautics Ltd on a consolidated basis announced net sales at Rs 5144 cr in Q2 FY 2023 compared to Rs 3622 cr in Q1 FY 2023, and Rs 5552 cr in Q2 FY 2022, indicating a QoQ surge of 42% and a YoY dip of 7%. The company announced a net profit of Rs 1221 cr in Q2 FY 2023 compared to Rs 620 cr in Q1 FY 2023 and 846 cr in Q2 FY 2022, highlighting a QoQ surge of 96% and a YoY rise of 44%.

3. HAL Stock Outlook

The current market price of the stock is Rs 2479 apiece with 52-week high at Rs 2639 apiece and 52-week low at Rs 1181 apiece, respectively.

4. HAL Return

The company has given multibagger returns to investors with 5-years return at 118%, 3-years return at 223%, 1-year return at 78%, and 3-months return of 9%.

5. HAL Dividend History

The Defence sector navratna stock has been maintaining a good dividend history and regularly declared dividend in the last 5-years. For the year ending March 2022, HAL announced an equity dividend of Rs 50 per share. If the current stock price of Rs 2479 is taken into consideration, it has a dividend yield of 2%.

6.HAL About

HAL is actively engaged and is contributing to the space programmes of the country. A separate Aerospace division was established in 1988. HAL is currently meeting the requirements of structures for aerospace launch vehicles and satellites of ISRO through the Division. Infrastructure has also been set up to undertake complete assembly of the strap-on L-40 stage booster. Structures for GSLV Mk.III, Mars Mission and Human crew module have been supplied by HAL to ISRO. HAL is also setting up dedicated facility for manufacture of cryogenic engines.

Disclaimer

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