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Revenue from operations was at Rs 3,915.35 crore in Q1 FY24, up 8.08% from Rs 3,622.46 crore posted in the same period a year ago.
Consolidated profit before tax in Q1 FY24 stood at Rs 1,089.03 crore, registering a growth of 32.44% on year on year basis.
Total expenses grew by 7.83% YoY to Rs 3,239.92 crore in Q1 FY24. Cost of materials consumed stood at Rs 1,084.28 crore (down 12.9% YoY) and employee benefits expense was at Rs 1,403.69 crore (up 37.91% YoY) during the period under review.
HAL is engaged in carrying out design, development, manufacture, repair and overhaul of aircraft, helicopter, engines and related systems like avionics, instruments and accessories primarily serving Indian defence programme. As of 30 June 2023, the Government of India held 71.64% stake in the company.
The scrip closed 0.35% higher at Rs 3,804.40 on the BSE.
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