HAL Share: Aeronautics and Defence stock gains over 3% amid strong quarterly results, Check Details

Shares of Defence PSU stock, HAL surged over 3% at Rs 3,706.85 in the early trade on 13 February 2025 as the company has announced strong quarterly financial results. The dividend yield is at 0.94%.

In terms of Financial results, Hindustan Aeronautics Ltd reported a 14.14% YoY increase in net profit, reaching Rs 1,439.79 crore in Q3 FY25, compared to Rs 1,261.51 crore in Q3 FY24.

However, on a QoQ basis, net profit declined 4.68% from Rs 1,510.49 crore in Q2 FY25. On February 12, 2025, the stock reached a high of Rs 3,657.95 (0.27%) and a low of Rs 3,471.25. By 3:31 PM, it traded at Rs 3,599.00 with a market capitalization of Rs 2.48 lakh crore.

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As of February 11, 2025, Hindustan Aeronautics Ltd has renamed its flagship training aircraft HJT-36 as ‘Yashas’ after extensive modifications.

The announcement was made at Aero India 2025 in Bengaluru by Defence Production Secretary Sanjeev Kumar and HAL officials. Hindustan Aeronautics Ltd (NSE: HAL) saw a 6.19% decline over the past week and a 24.9% drop in six months. However, its one-year return remains strong at 22.5%, reflecting long-term investor confidence despite short-term volatility.

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Brokerage Rating: JP Morgan has assigned an “overweight” rating to the stock, setting a twelve-month target price of Rs 4,958. The firm noted that the company's order inflow has been robust for the nine months ending December 2024, amounting to Rs 56,100 crore, primarily driven by orders for Sukhoi engines and aircraft.

As of Q3 FY25, the order book stands at Rs 1.3 lakh crore, representing a 58% year-on-year increase. JP Morgan also indicates that the company anticipates receiving additional orders totaling Rs 1.65 lakh crore, which will include more Light Combat Aircraft (LCAs) and Light Utility Helicopters (LCHs), highlighting a significant opportunity ahead.

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