Shares of Hindustan Aeronautics opened flat on Monday after the company signed of a new contract with the Ministry of Defence.
What Happened: The defence ministry has awarded HAL a contract to upgrade the avionics systems of Dornier-228 transport aircraft, the company said in a press release on Friday. This is to enhance the Indian Armed Forces’ operational capability.
The upgrade, which involves the majority of indigenously designed and developed avionics sub-systems, represents a major milestone in advancing the “Atmanirbhar Bharat Abhiyan”, the company added in its statement.
See Also: Tata Motors’ Punch Comes In At 7th Place In Best Selling Cars List In Oct, Nexon At 9th
The defence public sector firm is due to report its second-quarter results later this week. PhillipCapital expects HAL to report a 15% year-on-year sales growth in Q2FY25, reaching ₹6,481 crore, driven by strong performance in services and manufacturing deliveries. The brokerage forecasts HAL's EBITDA margin to remain steady at 26%, with a net profit of ₹1,393.6 crore for the quarter.
Antique Broking expects HAL to see moderate 10% revenue growth in Q2FY25, reaching ₹6,199.4 crore. The brokerage forecasts an 87 basis-point increase in EBITDA margin and a net profit of ₹1,411.2 crore.
Earlier in October the firm was conferred with “Maharatna” status following the nod from Finance Minister Nirmala Sitharaman.
Price Action: HAL was trading 0.31% lower at ₹4,386.75 on Monday morning.
Read Next: Apple Looks Beyond iPhones, Launches First R&D Subsidiary In India
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
