HAL

Hindustan Aeronautics Limited shares declined nearly 5 per cent in today’s trading session, taking losses over the past three sessions to more than 11 per cent, as investor sentiment remained under pressure following weaker-than-expected March quarter results and ongoing concerns around delays in Tejas Mk1A deliveries. The stock fell as much as 4.66 per cent to Rs 4,181.60 on the NSE during early morning trade. The selloff came despite the defence PSU reporting a 5.5 per cent year-on-year increase in net profit to Rs 4,196 crore for the March quarter, compared with Rs 3,977 crore in the corresponding period last year. Revenue from operations also edged up 1.7 per cent to Rs 13,942 crore. However, operational challenges and execution-related concerns. It’s noted that the earnings beat was largely driven by a sharp rise in treasury and other income, rather than core business performance. Other income surged 76.6 per cent year-on-year to around Rs 1,151 crore, helping offset pressure on operating margins.