Defence stocks that have reported net profits of up to 432% in Q4 to keep an eye on

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Defence stocks that have reported net profits of up to 432% in Q4 to keep an eye on
Credit: © Reuters.

Investing in the defence shares offers financial growth due to its steady demand, government backing and long-term contractual commitments and the government’s focus on import substitution, indigenization, and export growth has significantly propelled the defence industry, leading to a 15 percent compound annual growth rate (CAGR) in the turnover of India’s defence industry.

Listed below are some of the Defence Sector stocks that have delivered Robust Q4FY24 Results that you can add to your watchlist

Hindustan Aeronautics (NS: HIAE )

Hindustan Aeronautics Limited (HAL) is the Indian government’s prime manufacturer of defense machinery in the Aeronautic segment. The Company designs, develops, manufactures, maintains, and upgrades aircraft, helicopters, and critical aerospace components & accessories.

In Saturday’s trading session, with a market capitalization of Rs. 3,16,283 Crores, the shares of Hindustan Aeronautics Limited closed at Rs. 4,729.30, gaining 4.37 percent from its previous day’s close price of Rs. 4,531.40.

Its revenue from operations grew by 18.20 percent YoY from Rs. 12,494.67 Crores in Q4FY23 to Rs. 14,768.75 Crores in Q4FY24 and it grew by 144 percent QoQ from Rs. 6,061.28 Crores in Q3FY24 to Rs. 14,768.75 Crores in Q4FY24. Annually it generated a revenue of Rs. 26,927.46 Crores in FY23 and Rs. 30,381.08 Crores in FY24 indicating a growth of 12.82 percent YoY.

Its Net Profit grew by 52.18 percent from Rs. 2,831.19 Crores in Q4FY23 to Rs. 4,308.68 Crores in Q4FY24 and it grew by 241.54 percent QoQ from Rs. 1,261.51 Crores in Q3FY24 to Rs. 4,308.68 Crores in Q4FY24. Annually it generated a profit of Rs. 5,827.73 Crores in FY23 and Rs. 7,620.95 Crores in FY24 indicating a growth of 30.77 percent YoY.

Avantel (BO: AVAN )

Avantel Limited is engaged in the business of designing, developing, and maintaining wireless and satellite communication products, defence electronics, radar systems and development of network management software applications for the defence and aerospace sector.

In Saturday’s trading session, with a market capitalization of Rs. 2,894.91 Crores, the shares of Avantel Limited closed at Rs. 119, gaining 1.54 percent from its previous day’s close price of Rs. 117.20.

Annually it generated a revenue of Rs. 154.45 Crores in FY23 and Rs. 224.36 Crores in FY24 indicating a growth of 45.26 percent YoY. Its revenue from operations decreased by 20.50 percent YoY from Rs. 52.53 Crores in Q4FY23 to Rs. 41.76 Crores in Q4FY24 and it decreased by 29.60 percent QoQ from Rs. 59.32 Crores in Q3FY24 to Rs. 41.76 Crores in Q4FY24.

Annually it generated a profit of Rs. 26.83 Crores in FY23 and Rs. 52.55 Crores in FY24 indicating a growth of 95.86 percent YoY. Its Net Profit grew by 26.29 percent from Rs. 9.62 Crores in Q4FY23 to Rs. 12.15 Crores in Q4FY24 and it declined by 25.55 percent QoQ from Rs. 16.32 Crores in Q3FY24 to Rs. 12.15 Crores in Q4FY24.

BEML (NS: BEML )

Bharat Earth Movers Limited Limited (BEML) is engaged in the business of manufacturing and supplying a wide range of heavy earthmoving equipment catering to the mining and construction industry, vehicles for defense forces, and aluminum wagons, coaches for the metro, and many more for the Railways. As of Q4FY24, Bharat Earth Movers Limited has a strong order book of Rs. 11,872 Crores.

In Saturday’s trading session, with a market capitalization of Rs. 17,367 Crores, the shares of BEML Limited closed at Rs. 4,170.30, gaining 3.93 percent from its previous day’s close price of Rs. 4,012.60.

Its revenue from operations grew by 9 percent YoY from Rs. 1,387.94 Crores in Q4FY23 to Rs. 1,513.65 Crores in Q4FY24 and it grew by 44.57 percent QoQ from Rs. 1,046.97 Crores in Q3FY24 to Rs. 1,513.65 Crores in Q4FY24. Annually it generated a revenue of Rs. 3,898.95 Crores in FY23 and Rs. 4,054.32 Crores in FY24 indicating a growth of 4 percent YoY.

Its Net Profit grew by 62.85 percent from Rs. 157.69 Crores in Q4FY23 to Rs. 256.8 Crores in Q4FY24 and it grew by 432.78 percent QoQ from Rs. 48.2 Crores in Q3FY24 to Rs. 256.8 Crores in Q4FY24. Annually it generated a profit of Rs. 157.89 Crores in FY23 and Rs. 281.77 Crores in FY24 indicating a growth of 78.45 percent YoY.

Data Patterns

Data Patterns (India) Limited is an integrated defence and aerospace electronics provider catering to the indigenously developed defence products industry. It offers electronic warfare products, radar, radar subsystems, test systems, naval systems, processors, and many More. As of March 31, 2024, Data Patterns (India) Limited has a strong order book of Rs. 1,083.01 Crores.

In Saturday’s trading session, with a market capitalization of Rs. 18,588.64 Crores, the shares of Data Patterns Limited closed at Rs. 3,320.35, gaining 4.14 percent from its previous day’s close price of Rs. 3,188.50.

Its revenue from operations decreased by 1.51 percent YoY from Rs. 185.1 Crores in Q4FY23 to Rs. 182.29 Crores in Q4FY24 and it grew by 30.66 percent QoQ from Rs. 139.51 Crores in Q3FY24 to Rs. 182.29 Crores in Q4FY24. Annually it generated a revenue of Rs. 453.45 Crores in FY23 and Rs. 519.8 Crores in FY24 indicating a growth of 14.63 percent YoY.

Its Net Profit grew by 28.43 percent from Rs. 55.36 Crores in Q4FY23 to Rs. 71.1 Crores in Q4FY24 and it grew by 39.49 percent QoQ from Rs. 50.97 Crores in Q3FY24 to Rs. 71.1 Crores in Q4FY24. Annually it generated a profit of Rs. 124 Crores in FY23 and Rs. 181.69 Crores in FY24 indicating a growth of 46.52 percent YoY.

Written by: Bharath K.S

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  • StockTraderHub Yash Kumar @StockTraderHub Yash Kumar
    as per investing.com pro version avantel fair value 69 hal fair value 3532 data patterns 2101 how to invest in these stocks any suggestion??
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    • Ambrish Prasad @Ambrish Prasad
      don't invest now ..just wait for a rerating
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