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Hindustan Aeronautics Limited (HAL) (HAL) ‘financial year 2024-25 in the third quarter (October-December) rose 14% to ₹ 1,440 crore on an annual basis (YOY). The company’s consolidated net profit was ₹ 1,261 crore in the same quarter of a year ago.
HAL has released the results of the third quarter on 10 February today. Consolidated revenue has increased by 15% on an annual basis from the company’s operation.
Revenue was ₹ 6,957 crore due to operation in the third quarter of FY25. Revenue was ₹ 6,061 crore in the third quarter of FY24, a year ago.
The company will give a dividend of 25 rupees
The board has announced the first interim dividend of Rs 25 on each equity share with a face value of Rs 5 for the financial year 2024-25. Companies give some part of the profits to their shareholders, it is called dividend or dividend.
Total Income rose 16.36% to ₹ 7,588
In the third quarter, the company’s total income rose 16.36% to ₹ 7,588 crore on an annual basis. Total income was ₹ 6,521 crore in the third quarter of FY24, the same quarter of a year ago.
HAL gave investors a return of 25.79%
HAL shares fell 1.90% to close at ₹ 3,580 today. In the last one year, the company’s stock has given investors a return of 25.79%. The stock has fallen 24.26% in the last 6 months. The company’s market cap is 2.39 lakh crore rupees.
What is standalone and consolidated?
Companies’ results come in two parts- Standalone and Consolidated. Financial performance of only one unit is shown in standalone. Whereas, the entire company reports are given in the consolidated or consolidated financial report.
Company makes aircraft for military-civil market
Hindustan Aeronautics Limited is an aerospace and defense company owned by the Government of India. The company provides aircraft, helicopter, avionics and communication equipment development, design, manufacture and supply for military and civil markets. It serves Indian Air Force, Indian Army, Indian Navy, Defense Research and Development Organization, Indian Coast Guard, ISRO, Mauritius Police Force, Boeing and Airbus Industries. HAL’s headquarters are in Bengaluru, Karnataka.
HAL consisting of Hindustan Aircraft and Aeronautics India
On 23 December 1940, Walchand Hirachand established Hindustan Aircraft Limited in Bangalore in collaboration with the then Mysore government. In March 1941, the Government of India became one of the shareholders in the company and later in 1942 took its management into its hand. In January 1951, the company was placed under the administrative control of the Ministry of Defense, Government of India.
Meanwhile, in August 1963, Aeronautics India Limited (AIL) was created as a complete owned company of the Government of India to construct the MiG-21 aircraft under the license. Hindustan Aeronautics Limited (HAL) was formed on 1 October 1964, two companies i.e. Hindustan Aircraft Limited and Aeronautics India Limited.