Hindustan Aeronautics Limited (HAL) — Financial Results | 12 February 2025(2 announcements)

Hindustan Aeronautics Limited reported a net profit of ₹435.86 crores for the nine-month period ended 31 December 2024, up sharply from ₹156.12 crores a year earlier, driven by revenue growth to ₹1,919.38 crores. The company declared an interim dividend of ₹2.50 per share with a record date of 18 February 2025 and payment by 14 March 2025. Despite uncertainties in joint ventures, the board affirmed HAL's status as a going concern, citing multi-year defence contracts and promoter support. Audit confirms no defaults or qualifications, with no related party transactions.

Hindustan Aeronautics Limited (HAL) reported a net profit before tax of ₹5,61,973 lakh for the quarter and nine months ended 31 December 2024, up from ₹4,35,855 lakh in the previous nine-month period, reflecting strong operational performance. The company declared a first interim dividend of ₹2.5 per share with a record date of 18 February 2025 and payment by 14 March 2025. Audit findings highlighted material uncertainties related to pension contribution changes (increased from 7% to 10% effective 2017), salary recovery disputes, and regulatory non-compliance, including board composition issues. Despite these risks, the Board affirmed HAL’s status as a going concern, citing multi-year defence contracts, ECB repayments, and promoter support. The filing also disclosed investments in five Section 8 defence testing foundations and a proposed voluntary liquidation of MTAL pending government approvals.