{"id":576457,"date":"2023-05-15T08:58:33","date_gmt":"2023-05-15T03:28:33","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=576457"},"modified":"2023-05-15T09:35:39","modified_gmt":"2023-05-15T04:05:39","slug":"hindustan-aeronautics-posts-first-decline-in-profit-in-10-quarters","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/hindustan-aeronautics-posts-first-decline-in-profit-in-10-quarters\/","title":{"rendered":"Hindustan Aeronautics posts first decline in profit in 10 quarters"},"content":{"rendered":"<p>BENGALURU (Reuters) &#8211; India&#8217;s Hindustan Aeronautics Ltd (HAL) on Friday, reported its first decline in profit in 10 quarters, hurt by higher input costs and tax expenses.<\/p>\n<p>HAL&#8217;s consolidated net profit fell nearly 9% to 28.31 billion rupees ($346.2 million) in the fourth quarter ended March 31.<\/p>\n<p>While revenue from operations rose 8% to 124.95 billion rupees, that was offset by a 9.2% jump in expenses, led by a nearly 39% spike in cost of materials, HAL said in an exchange filing.<\/p>\n<p>The company also said it incurred tax expenses of 124.7 million rupees in the quarter, against a gain of 5.28 billion rupees from tax refunds a year ago.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BENGALURU (Reuters) &#8211; India&#8217;s Hindustan Aeronautics Ltd (HAL) on Friday, reported its first decline in profit in 10 quarters, hurt by higher input costs and tax expenses. HAL&#8217;s consolidated net profit fell nearly 9% to 28.31 billion rupees ($346.2 million) in the fourth quarter ended March 31. While revenue from operations rose 8% to 124.95 billion rupees, that was offset by a 9.2% jump in expenses, led by a nearly 39% spike in cost of materials, HAL said in an exchange filing. The company also said it incurred tax expenses of 124.7 million rupees in the quarter, against a gain [&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-576457","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\/576457","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=576457"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/576457\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=576457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=576457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=576457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}