The announcement was made after market hours yesterday.

Hindustan Aeronautics (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 31 March 2023, the Government of India held 75.15% stake in the company.

HAL's consolidated net profit fell 9% to Rs 2,831.18 crore on 8% increase in revenue from operations to Rs 12,494.67 crore in Q4 FY23 over Q4 FY22.

The scrip rose 0.90% to currently trade at Rs 3,869 on the BSE.