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Indian aerospace firm HAL reports 22.1% jump in net profit, securing major defense contract.
Hindustan Aeronautics Ltd (HAL), an Indian state-owned aerospace company, reported a 22.1% increase in net profit to Rs 1,510.49 crore for the second quarter of the current fiscal year, with revenue up 6% to Rs 5,976.29 crore.
EBITDA rose 7.3% to Rs 1,640 crore.
HAL secured a significant contract worth Rs 26,000 crore with the Indian Defense Ministry.
The company’s stock saw a positive rise following the announcement.
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La empresa aeroespacial india HAL reporta un aumento del 22,1% en ganancias netas, asegurando un contrato de defensa importante.