Hindustan Aeronautics soars 10% on solid Q4 results; m-cap crosses Rs 3 trn

HAL stock price: HAL surpassed Avenue Supermarts (D-Mart), Power Grid Corporation, Adani Green Energy, Titan Company, Adani Ports, Coal India and M&M in overall market cap ranking

Shares of Hindustan Aeronautics (HAL) hit a new high of Rs 4,654.5 as they surged 11.2 per cent on the BSE in Thursday's intraday trade after the company posted a solid 52 per cent year-on-year (Y-o-Y) jump in its consolidated net profit at Rs 4,308.68 crore for the March quarter (Q4FY24).

The state-owned defence company had a net profit of Rs 2,831.19 crore in Q4FY23. On a sequential basis, net profit more-than-doubled from Rs 1,261.51 crore in the December 2023 quarter (Q3FY24). Total income from operations grew 18.2 per cent Y-o-Y to Rs 14,768.75 crore from Rs 12,494.67 crore.

In the past