Hindustan Aeronautics Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 12, 2024 at 05:47 am EST
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Hindustan Aeronautics Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 60,612.8 million compared to INR 56,655.4 million a year ago. Revenue was INR 65,212.6 million compared to INR 61,627.2 million a year ago. Net income was INR 12,614 million compared to INR 11,551.9 million a year ago. Basic earnings per share from continuing operations was INR 18.86 compared to INR 17.27 a year ago. Diluted earnings per share from continuing operations was INR 18.86 compared to INR 17.27 a year ago.
For the nine months, sales was INR 156,123.3 million compared to INR 144,327.9 million a year ago. Revenue was INR 169,516.2 million compared to INR 153,806.8 million a year ago. Net income was INR 33,123.4 million compared to INR 29,965.6 million a year ago. Basic earnings per share from continuing operations was INR 49.53 compared to INR 44.81 a year ago. Diluted earnings per share from continuing operations was INR 49.53 compared to INR 44.81 a year ago.
Hindustan Aeronautics Limited is an India-based company, which is engaged in the design, development, manufacture, repair, overhaul, upgrade and servicing of a wide range of products including, aircraft, helicopters, aero-engines, avionics, accessories and aerospace structures. The Company's products include HAWK, light combat aircraft (LCA), SU-30 MKI, intermediate jet trainer (IJT), DORNIER and HTT-40. Its helicopter products include Dhruv, Cheetah, Chetak, Lancer, Cheetal, Rudra, light combat helicopter (LCH) and light utility helicopter (LUH). Its avionics products include inertial navigation system, auto stabilizer, head up display, laser range system, flight data recorder, communication equipment, radio navigation equipment, air borne secondary radar, missile inertial navigation, radar computers and ground radars. The Company's services include aircraft maintenance, repair and operations (MRO), Helicopters MRO, power plant services, and systems, accessories and avionics.