HAL Q2 results miss estimates, stock declines
after close1 source ↓written by the desknot a recommendation
- on 12 Nov
- 2%
- estimate
- 28.2%
- for H1
- 31%
- Net profit rose
- 10.5%
- ₹1,669 cr
Shares of Hindustan Aeronautics Ltd. (HAL) fell over 2% on 12 Nov 2023 following disappointing Q2 results. The EBITDA margin at 23.5% was below the 28.2% estimate and the company's guidance of 31% for H1. Net profit rose 10.5% to ₹1,669 cr, slightly missing expectations of ₹1,702 cr.
Not investment advice. For informational purposes only.