HAL Q3 results in-line with estimates; Revenue, EBITDA up 11% each

Shares of Hindustan Aeronautics Ltd.were off the day's low after the company's third quarter earnings were in-line with expectations.

The company's net profit of ₹1,867 crore was 30.3% more than the previous year's ₹1,433 crore. It was also above Street estimates of 1,758 crore.

Its revenue stood at ₹7,699 crore, up 10.7% from the ₹6,957 crore it reported in the third quarter of the previous fiscal. It was also higher than a CNBC-TV18 poll of ₹7,589 crore.



HAL's earnings before interest, tax, depreciation and amortisation (EBITDA) increased 11.2% to ₹1,871 crore from ₹1,683 crore in the previous year. It was also above Street expectations of ₹1,861 crore.

Its margin expanded marginally to 24.3% from 24.2% in the year-ago period. However, it was lower than the CNBC-TV18 poll of 24.5%.

HAL shares were up 0.2% at ₹4,141.8 apiece around 1.45 pm. The stock has gained 15.2% in the past year.

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