Shares of Hindustan Aeronautics Ltd (HAL) are trading flat after touching a day’s high of Rs 4,634.80 on 30th January, despite the firm stating that it has signed a contract with Pawan Hans Ltd to supply 10 Dhruv NG helicopters, along with associated spares and accessories, at an estimated value exceeding Rs 1,800 crore.

The agreement was signed in Hyderabad and is expected to be completed by 2027. The contract was awarded by Pawan Hans Ltd, a domestic entity based in Noida. HAL also clarified that its promoter, promoter group, or group companies have no interest in Pawan Hans.

In the first half of the current financial year, Hindustan Aeronautics reported an EBITDA margin of 24.8%, which is lower than its full-year guidance of 31%. The EBITDA margin for the second quarter stood at 23.5%, down from 27.4% in the same period last year.

HAL’s net profit for Q2 rose 10.5% year-over-year to Rs 1,669 crore, while revenue increased 11% to Rs 6,629 crore. However, EBITDA for the quarter declined 5% year over year to Rs 1,558 crore.

At 11:56 AM, shares of HAL were trading 0.37% higher at Rs 4,618.20 on NSE.

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