{"id":300752,"date":"2019-11-14T10:11:38","date_gmt":"2019-11-14T04:41:38","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=300752"},"modified":"2019-11-14T10:15:11","modified_gmt":"2019-11-14T04:45:11","slug":"hal-profit-up-116-to-rs-621-cr-in-sep-quarter-revenue-grows-32","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/hal-profit-up-116-to-rs-621-cr-in-sep-quarter-revenue-grows-32\/","title":{"rendered":"HAL profit up 116% to Rs 621 cr in Sep quarter; revenue grows 32%"},"content":{"rendered":"<p>State-run defence major Hindustan Aeronautics Ltd (HAL) on Wednesday reported Rs 621-crore net profit for the second quarter (Q2) of fiscal 2019-20, registering a 116 per cent annual growth from Rs 287 crore in the same period a year ago. <\/p>\n<p>Sequentially, net profit, however, rose 10 per cent to Rs 621 crore from Rs 564 crore a quarter ago. <\/p>\n<p>The city-based aerospace firm said in a statement that revenue from sales grew 32 per cent annually to Rs 3,451 crore from Rs 2,610 crore in the like period a year ago. <\/p>\n<p>&#8220;Our performance is a result of streamlining the production to even out seasonality of business leading to bunching of revenue during the third and fourth quarters of a fiscal,&#8221; said the statement. <\/p>\n<p>Sequentially, revenue rose 5 per cent to Rs 3,451 crore from Rs 3,291 crore a quarter ago.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-run defence major Hindustan Aeronautics Ltd (HAL) on Wednesday reported Rs 621-crore net profit for the second quarter (Q2) of fiscal 2019-20, registering a 116 per cent annual growth from Rs 287 crore in the same period a year ago. Sequentially, net profit, however, rose 10 per cent to Rs 621 crore from Rs 564 crore a quarter ago. The city-based aerospace firm said in a statement that revenue from sales grew 32 per cent annually to Rs 3,451 crore from Rs 2,610 crore in the like period a year ago. &#8220;Our performance is a result of streamlining the production [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-300752","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/300752","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=300752"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/300752\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=300752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=300752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=300752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}