The share price of defence equipment manufacturing company, Hindustan Aeronautics rose by 4% as the company posted 5% growth in its consolidated net profit for the March quarter largely driven by high operational revenue and one-off accounting gains. The company has also announced its highest ever dividend. Here’s all you need to know HAL: Q4 net profit rises 5% YoY The company’s fourth quarter net profit was pegged at Rs 4,196 crore, rising 5.5%% year-on-year against Rs 3,976 crore reported in the year-ago period. Sequentially, the PSU’s net profit advanced by a whopping 124% from Rs 1,866 crore reported in the preceding quarter.
For suggestions and feedback click here.
Disclaimer: IMC is not responsible for any kind of loss arising due to the information. You are receiving this newsletter because you have subscribed to this service. To unsubscribe click here. Head Office : IMC Bldg., IMC Marg, Churchgate, Mumbai - 400 020 India | Tel : 91-22-71226633 | Fax : 91-22-22048508 / 22838281 E-Mail : imc@imcnet.org | Website : www.imcnet.org