Hindustan Aeronautics Ltd (HAL) share price declined over 4% after the company reported its Q2 results, with a miss on operating margins. The PSU defence stock declined as much as 4.15% to Rs 4,738.80 apiece on the BSE.
HAL reported a consolidated net profit of Rs 1,936 crore in the second quarter of FY27, registering a growth of 16% from Rs 1,669 crore in the year-ago period.
Revenue from operations in Q2FY27 grew 14.8% to Rs 7,613 crore from Rs 6,629 crore, year-on-year (YoY).
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The PSU's topline and bottomline were above Street estimates. NDTV Profit had estimated a net profit of Rs 1,899 crore and revenue of Rs 7,483 crore.
However, HAL's operating performance during the September quarter was below estimates.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) in Q2FY27 increased 11.6% to Rs 1,739 crore from Rs 1,558 crore, while EBITDA margin contracted to 22.8% from 23.5% YoY. EBITDA was below the estimate of Rs 1,924 crore and margin also missed the estimate of 25.7%.
At 1:35 PM, HAL share price was trading 1.74% lower at Rs 4,857.75 apiece on the BSE.
(More to come)
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