HAL Q3 results: Net profit doubles to Rs 853 crore, revenue rises 23%
The state-owned company s total income rose 23 per cent year-on-year (YoY) to Rs 5,518 crore during December quarter.
BusinessToday.In | February 12, 2021 | Updated 16:56 IST
On a consolidated basis, the aerospace and defence company s net profit rose 85 per cent YoY to Rs 853 crore.
Hindustan Aeronautics Ltd (HAL) on Friday reported doubling of its net profit to Rs 853 crore in October-December from Rs 425 crore in the year-ago quarter. Sequentially, net profit rose 39 per cent from Rs 613 crore in the preceding July-September quarter.
The state-owned company s total income rose 23 per cent year-on-year (YoY) to Rs 5,518 crore during December quarter. On a quarter-on-quarter (QoQ) basis, it increased 12 per cent from Rs 4,941 crore in September quarter.
Read more about Capital Goods stocks slide on Business Standard. Capital Goods stocks were trading with losses, with the S&P BSE Capital Goods index decreasing 277.88 points or 1.25% at 21903 at 13:48 IST.
HAL, Wipro3D collaborate to manufacture metal 3D printed aircraft engine component
HAL, Wipro3D collaborate to manufacture metal 3D printed aircraft engine component
BENGALURU, Feb 9: Wipro 3D and Engine Division of Hindustan Aeronautics Ltd (HAL) have collaborated for the development, manufacturing and air worthiness certification of acritical aero-engine component operating in the hot zone, using metal 3D printing.
The Nozzle Guide Vane (also called the Inner Ring), 3D printed in a high temperature resilient steel A286, has been awarded Airworthiness certification by Centre for Military Airworthiness and Certification (CEMILAC), the regulatory body of Defence Research and Development Organization (DRDO), a Wipro 3D statement said on Tuesday.
Hindustan Aeronautics Ltd (HAL) would make head-up display (HUD) systems for pilots in partnership with Israel s Elbit Systems Electro Optics Elop Ltd, the aerospace major said on Monday."We signed a pact with Elbit to make and supply .
HAL said the company and Elbit Systems have envisaged a mutual co-operation to upgrade its technological base and acquire high end technology on Digital Overhead HUD System which is primarily used in transport aircraft worldwide.