Hindustan Aeronautics Limited (HAL) has reported strong financial results for the second quarter of fiscal year 2024. The company achieved impressive revenue and profit growth compared to both the previous quarter and the same period last year.
HAL Q2 2024 Financial Results Overview
| Particulars | Sep 2024 | Jun 2024 | Sep 2023 |
|---|---|---|---|
| Sales (in Crores) | ₹ 5,976 | ₹ 4,348 | ₹ 5,636 |
| Net Profit (in Crores) | ₹ 1,510 | ₹ 1,437 | ₹ 1,237 |
| Operating Profit Margin (%) | 27% | 23% | 27% |
| Other Income (in Crores) | ₹ 560 | ₹ 742 | ₹ 474 |
| Earnings per Share (EPS) | ₹ 22.59 | ₹ 21.49 | ₹ 18.49 |
Comparison of Key Metrics:
Sales: In Q2 2024, HAL’s sales increased by ₹ 1,628 crores, reaching ₹ 5,976 crores from ₹ 4,348 crores in the previous quarter (Jun 2024). This represents a notable 37% growth. Compared to the same quarter last year (Sep 2023), sales grew by ₹ 340 crores from ₹ 5,636 crores to ₹ 5,976 crores, reflecting a more moderate 6% increase.
Net Profit: HAL’s net profit for Q2 2024 grew by ₹ 73 crores, rising from ₹ 1,437 crores in Jun 2024 to ₹ 1,510 crores, a 5% increase. Year-on-year (Sep 2023), the profit grew more significantly by ₹ 273 crores, from ₹ 1,237 crores, marking a 22% increase.
Operating Profit Margin: The operating profit margin improved by 4 percentage points from 23% in Q1 2024 to 27% in Q2 2024, showing improved cost management. The margin for Q2 2024 remained consistent with the same quarter last year (Sep 2023), where it was also 27%, reflecting stable operational efficiency.
Other Income: Other income decreased by ₹ 182 crores from ₹ 742 crores in Q1 2024 to ₹ 560 crores in Q2 2024. However, compared to Sep 2023, other income increased by ₹ 86 crores, from ₹ 474 crores to ₹ 560 crores, a 18% rise.
Earnings Per Share (EPS): EPS grew by ₹ 1.10, from ₹ 21.49 in Jun 2024 to ₹ 22.59 in Sep 2024, showing a 5% increase. Compared to Sep 2023, EPS increased by ₹ 4.10, from ₹ 18.49, reflecting a 22% growth.
HAL’s performance in Q2 2024 highlights its ability to scale effectively and generate strong profits. Despite a slight dip in other income, the growth in net profit and operating margins underscores the company’s ability to manage operations efficiently and sustain profitability. Moving forward, HAL is well-positioned for continued growth, with strong sales and earnings performance
