Hindustan Aeronautics Limited ( HAL) on Wednesday reported an 8% decline in consolidated net profit to Rs 3,977 crore in Q4FY25, compared to Rs 4,309 crore in the same quarter last year. The state-run defence PSU’s revenue from operations for the March-ended quarter stood at Rs 13,700 crore, down 7% from Rs 14,769 crore in the corresponding quarter of the previous financial year.
On a sequential basis, the profit after tax (PAT) surged 176% over the Rs 1,440 crore reported in Q3FY25. Meanwhile, revenue nearly doubled, rising 97% from Rs 6,957 crore posted in the October–December quarter of FY25.
The earnings were announced during market hours, and HAL shares jumped over 4% to hit the day's high of Rs 4,798 on NSE.
For the full financial year, net profit rose 10% to Rs 8,364 crore, compared to Rs 7,621 crore in FY24. Revenue from operations stood at Rs 30,981 crore, marking a modest 2% uptick from Rs 30,381 crore in the previous fiscal year.
The company reported expenses of Rs 9,150 crore in Q4FY25, up from Rs 5,552 crore in Q3FY25 but slightly lower than Rs 9,543 crore in the year-ago period.
In a filing to the exchanges, HAL disclosed that during FY25, it reached an out-of-court settlement with the Government of Maharashtra under an Amnesty Scheme related to longstanding Sales Tax disputes from FY1986–87 to FY2017–18. As a result, the disputed tax demand was reduced significantly from Rs 10,018.41 crore to Rs 2,737.24 crore.
HAL paid Rs 2,471 crore during the quarter ended March 31, 2025, after adjusting Rs 266 crore that had already been deposited with the revenue authorities, settling the matter in full.
Additionally, HAL announced an investment in the Systems Testing and Research for Advanced Materials Foundation. The company has invested Rs 61 lakh, subscribing to 61,250 equity shares of Rs 100 each, representing a 20% stake in the Section 8 company. Of these, 20,000 equity shares have been allotted, while 41,250 shares are pending allotment and have been recorded as share application money paid, the filing added.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
On a sequential basis, the profit after tax (PAT) surged 176% over the Rs 1,440 crore reported in Q3FY25. Meanwhile, revenue nearly doubled, rising 97% from Rs 6,957 crore posted in the October–December quarter of FY25.
The earnings were announced during market hours, and HAL shares jumped over 4% to hit the day's high of Rs 4,798 on NSE.
For the full financial year, net profit rose 10% to Rs 8,364 crore, compared to Rs 7,621 crore in FY24. Revenue from operations stood at Rs 30,981 crore, marking a modest 2% uptick from Rs 30,381 crore in the previous fiscal year.
The company reported expenses of Rs 9,150 crore in Q4FY25, up from Rs 5,552 crore in Q3FY25 but slightly lower than Rs 9,543 crore in the year-ago period.
In a filing to the exchanges, HAL disclosed that during FY25, it reached an out-of-court settlement with the Government of Maharashtra under an Amnesty Scheme related to longstanding Sales Tax disputes from FY1986–87 to FY2017–18. As a result, the disputed tax demand was reduced significantly from Rs 10,018.41 crore to Rs 2,737.24 crore.
HAL paid Rs 2,471 crore during the quarter ended March 31, 2025, after adjusting Rs 266 crore that had already been deposited with the revenue authorities, settling the matter in full.
Additionally, HAL announced an investment in the Systems Testing and Research for Advanced Materials Foundation. The company has invested Rs 61 lakh, subscribing to 61,250 equity shares of Rs 100 each, representing a 20% stake in the Section 8 company. Of these, 20,000 equity shares have been allotted, while 41,250 shares are pending allotment and have been recorded as share application money paid, the filing added.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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