Hindustan Aeronautics Q2 Results: Stock falls after margins miss expectations; Revenue up 15%

Detailed summary

Hindustan Aeronautics' Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter stood at ₹1,738 crore, a growth of 11.6% from last year. However, the figure was lower than the CNBC-TV18 poll estimate of ₹1,855 crore.

Shares of Hindustan Aeronautics Ltd. (HAL) fell as much as 4% on Thursday, November 12, after the company reported September quarter results, which were a miss on the operating front.

Hindustan Aeronautics' Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter stood at ₹1,738 crore, a growth of 11.6% from last year. However, the figure was lower than the CNBC-TV18 poll estimate of ₹1,855 crore.

EBITDA margin for the quarter narrowed by 70 basis points from last year to 22.8% from 23.5% earlier. A CNBC-TV18 poll was expecting the figure to be 25%.

Revenue for the quarter grew 15% from the same quarter last year to ₹7,613 crore, higher than the CNBC-TV18 poll of ₹7,463 crore.

Net profit for the period stood at ₹1,839 crore, in-line with the CNBC-TV18 poll projection of ₹1,819 crore. The number, on a year-on-year basis, grew by 10.6%.

Shares of Hindustan Aeronautics are looking to recover from the lows of the day after the results announcement, currently trading 2.1% lower at ₹4,844.4. The stock is up 10% so far this year.

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Opening of the article, excerpted from CNBC-TV18. To read the rest, open the article on the publisher's site.