Accumulate Hindustan Aeronautics; target of Rs 4692 Prabhudas Lilladher
Fri, Nov 15, 2024 12:14 PM

Accumulate Hindustan Aeronautics; target of Rs 4692 Prabhudas Lilladher

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Prabhudas Lilladher's research report on Hindustan Aeronautics. Hindustan Aeronautics (HAL) reported 6.0% YoY revenue growth in Q2FY25 with EBITDA margin increasing by 33bps YoY to 27.4%. During the quarter, HAL secured an order valued at ~Rs260bn for 240 AL 31-FP engines to power Sukhoi Su-30 fleet, with deliveries scheduled over an 8-year period starting Sep’25.

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