Defence public sector firm Hindustan Aeronautics Limited (HAL) has announced the date for reporting its first-quarter earnings.
What Happened: HAL will report its financial results for the April-June period on August 14, the company said in an exchange filing on Wednesday.
Brokerage Views: Antique Broking expects the company to clock in a 10% year-on-year rise in sales at ₹4,306.9 crore. Profit After Tax (PAT) is expected to fall 2% to ₹795 crore. EBIDTA is also likely to fall 3% to ₹853 crore, it said in its note. The company remained its top pick in the defence sector.
Equirus Securities said that this is the weakest quarter in terms of execution for HAL accounting for around 15% of total annual sales). Margins are also the lowest among the four quarters. The brokerage expects the defence major to post a 30% YoY growth in revenue at ₹5,044 crore. Net profit is seen at ₹948 crore.
Nirmal Bang also appeared bullish about HAL's performance in the coming years. The brokerage anticipates substantial revenue growth for the firm in the coming years, fuelled by the execution of larger contracts.
For the June quarter, the brokerage expects the company to post a revenue of ₹4,678 crore, an increase of around 19.5% from the previous year’s numbers. Net profit is expected to be at ₹1,124 crore, up 38% from the number posted in the same quarter last year.
courtesy by https://in.benzinga.com/
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