Why Hindustan Aeronautics share price dipped 5% in trade today? Details

On February 4, HAL through an exchange filing informed investors that its board of directors is scheduled on Wednesday, February 12, 2025, to consider financial results

Hindustan Aeronautics (HAL) shares slipped 4.8 per cent in trade, logging an intraday low at Rs 3,471.25 per share on BSE. The counter is experiencing selling after reports suggested Indian Air Force Chief, Air Marshal AP Singh raised concerns over delay of Tejas Mk1A fighter jets delivery. The company also posted its Q3 results.

 

Around 12:06 PM, HAL share price was down 1.47 per cent at Rs 3594.55 per share on BSE. In comparison, the BSE Sensex was down 0.32 per cent at 76,048.38. The market capitalisation of the company stood at Rs 2,40,394.52 crore. The 52-week high of the stock was at Rs 5,675 per share and the 52-week low of the stock was at Rs 2,826 per share.  Indian Air Force Chief, Air Marshal AP Singh at the Aero India show in Bengaluru said that he has “no confidence” in the state-owned aerospace firm. The IAF has ordered 83 of these aircraft to bolster its fighter squadrons, as per reports. 

 

HAL Q3 results

The company posted its third quarter results on Wednesday, during market hours which showed a 14 per cent rise in consolidated net profit at Rs 1,439.83 crore as compared to Rs 1,261.4 crore a year ago. It reported 14.8 per cent rise in revenue to Rs 6,957.31 crore as compared to Rs 6,061.28 crore a year ago.  The company is planning to expand its order book by another Rs 1 trillion along with the previous order book of Rs 1.2 trillion which will bring the total order book to Rs 2.2 trillion by 2030. 

 

HAL is an Indian aerospace and defense company, right? It’s one of the most important organizations in India’s aviation sector, involved in the design, manufacture, and maintenance of aircraft, helicopters, and aerospace components. HAL plays a key role in India's defense and space programs, producing military aircraft like the Tejas fighter jet and supporting the Indian Air Force.

 

In the past one year, HAL shares have gained 28.2 per cent against Sensex's rise of 7.3 per cent.