Hindustan Aeronautics rises 6%, nears 52-week high post Q4 results

HAL said the impact due to Covid-19 will be 'minimal' for the company as major portion of the company's revenue is generated from Defense services

Shares of Hindustan Aeronautics Limited (HAL) soared as much as 6.8 per cent to Rs 1,360 on the BSE on Wednesday after the company registerd a marginal increase in its consolidated revenue for March quarter of FY20 (Q4FY20).

The state-owned aerospace and defence company's revenue increased 0.8 per cent year-on-year (YoY) to Rs 10,239 crore from Rs 10,149 crore in the year-ago quarter. Net profit for the quarter fell by 1 per cent YoY to Rs 1,226 crore from Rs 1,238.9 crore in Q4FY19.

On the operational front, HAL's earnings before interest, tax, depreciation, and ammortisation (Ebitda) came in at