HAL shares slip 3% after results as margins miss guidance despite profit growth
Shares of Hindustan Aeronautics Ltd (HAL) fell as much as 3.3% to Rs 4,701 on Wednesday after the state-run defence major’s September-quarter results showed operating margins trailing company guidance and missing Street estimates across most key metrics.
HAL’s consolidated net profit rose 10.5% year-on-year to Rs 1,669 crore for the July–September quarter, compared with Rs 1,510 crore a year earlier. While revenue from operations climbed 10.9% to Rs 6,629 crore, in line with expectations, profitability pressures weighed on sentiment.
