© Reuters.
Hindustan Aeronautics Limited (HAL), India’s state-owned aerospace and defense corporation, reported a slight year-over-year increase in consolidated net profit for the September quarter of fiscal year 2024. The company announced today that its net profit edged up by 1.26 percent to ₹1,236.67 crore, compared to ₹1,221 crore in the same period last fiscal year.
The firm, known for manufacturing aircraft and avionics for both military and civilian use, also saw its consolidated revenue from operations climb by 9.5 percent to ₹5,635.7 crore from ₹5,144.79 crore reported in September 2022. This revenue increase underscores HAL’s continued growth trajectory in the aerospace sector.
However, HAL’s total expenditure for the July to September period witnessed a significant jump of 18 percent year-over-year to ₹4,458 crore. This is a considerable rise from the ₹3,775.50 crore (INR100 crore = approx. USD12 million) recorded during the corresponding quarter of the previous fiscal year, reflecting higher costs associated with its operations.
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