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Profit before tax was at Rs 1,651.42 crore in Q2 FY24, up 1.27% as compared with Rs 1,630.64 crore recorded in corresponding quarter last year.
Total expenses grew 18.07% to Rs 4,458.03 crore in the quarter ended 30 September 2023. Cost of materials consumed stood at Rs 1967.2 crore (up 13.45% YoY) while employee benefits expense was at Rs 1,195.91 crore (up 4.47% YoY) during the period under review.
On half yearly basis, consolidated net profit increased 11.38% to Rs 2050.94 crore on 8.94% rise in revenue to Rs 9,551.05 crore in H1 FY24 over H1 FY23.
Hindustan Aeronautics (HAL) is an aerospace and defense company, owned by the government of India. The company develops, designs, manufactures, and supplies aircraft, helicopters, avionics, and communications equipment for military and civil markets.
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