Hindustan Aeronautics (HAL) Q2 24/25 earnings summary

Executive summary

• Board approved appointment of new CFO and released audited standalone and consolidated results for the quarter and half year ended 30 September 2024.

• Statutory auditors issued an unmodified opinion on both standalone and consolidated results.

Financial highlights

• Standalone revenue from operations for Q2 FY25 was ₹5,97,655 lakh, up from ₹5,63,581 lakh in Q2 FY24; half-year revenue was ₹10,32,412 lakh.

• Standalone net profit for Q2 FY25 was ₹1,49,036 lakh, up from ₹1,23,530 lakh in Q2 FY24; half-year net profit was ₹2,92,595 lakh.

• Consolidated revenue from operations for Q2 FY25 was ₹5,97,629 lakh; half-year revenue was ₹10,32,379 lakh.

• Consolidated net profit for Q2 FY25 was ₹1,51,049 lakh, up from ₹1,23,667 lakh in Q2 FY24; half-year net profit was ₹2,94,763 lakh.

• Earnings per share (EPS) for the half year stood at ₹43.75 (standalone) and ₹44.08 (consolidated).

Outlook and guidance

• Employee cost for the current half year is not comparable to the previous year due to increased pension contribution effective from 2017.

• Ongoing legal proceedings regarding pay scale revision and recovery of excess salary payments, with interim stay granted by the High Court.