Home / Business and Economy / HAL Stock Dips Post Q2 Earnings Miss
HAL Stock Dips Post Q2 Earnings Miss
12 Nov
Summary
- HAL share price dropped over 4% following Q2 results.
- Company reported a 16% growth in net profit to Rs 1,936 crore.
- Operating margins contracted to 22.8%, missing market expectations.
Hindustan Aeronautics Ltd (HAL) saw its share price fall by over 4% on the BSE, reaching Rs 4,738.80, following the announcement of its second-quarter financial results for FY27. The company reported a consolidated net profit of Rs 1,936 crore for the quarter, marking a 16% increase compared to the same period last year. Revenue from operations also saw a healthy jump of 14.8%, amounting to Rs 7,613 crore.
Despite the positive top-line and bottom-line figures, which exceeded street estimates, HAL's operating performance was a point of concern. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose by 11.6% to Rs 1,739 crore. However, the EBITDA margin saw a contraction, falling to 22.8% from 23.5% in the prior year, and also missed market expectations of 25.7%. As of 1:35 PM, HAL shares were trading 1.74% lower at Rs 4,857.75 on the BSE.
