India's Hindustan Aeronautics posts quarterly profit rise as 'other income' surges
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India's Hindustan Aeronautics reported a 5.5% rise in Q4 profit, reaching 41.96 billion rupees, boosted by a 76.6% increase in 'other income'. Revenue from operations rose 1.7% to 139.42 billion rupees, while total expenses increased by 5.4%. Analysts predict fiscal 2027 could be pivotal for HAL due to improved Tejas Mk1A deliveries. Following the results, HAL shares rose by 4.1% and are up 6% this year.
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