HAL: Multibagger defence PSU stock rises 2% on fixing record date for dividend

Shares of Hindustan Aeronautics Ltd. surged over 2 percent in intra-day trading on Wednesday, February 5, following the company’s announcement of the record date for its upcoming dividend. The state-run defence equipment manufacturer has set Friday, February 14, 2025, as the record date, meaning only shareholders who hold HAL shares as of that date will be eligible to receive the dividend payout. Strong Financial Performance in Q2FY25 HAL posted robust financial results for the second quarter of FY25, with a 22.4 percent year-on-year increase in consolidated net profit, which rose to ₹1,510.49 crore from ₹1,236.67 crore in the same quarter last year. At the operational level, HAL’s earnings before interest, tax, depreciation, and amortization expanded 7.3 percent year-on-year to ₹1,640 crore, compared to ₹1,527.7 crore in Q2FY24.