Hindustan Aeronautics Limited (HAL) shares experienced a 5% decline today as the stock turned ex-dividend. The company had declared an interim dividend of ₹25 per equity share for the financial year 2024-25, with February 18, 2025, set as the record date.
It’s common for a stock’s price to decrease by approximately the dividend amount when it goes ex-dividend, reflecting the payout to shareholders. In HAL’s case, the ₹25 per share dividend likely contributed to the observed price drop.
Despite these challenges, HAL reported a 14% year-on-year increase in consolidated net profit to ₹1,440 crore for the quarter ended December 31, 2024, with revenue from operations rising 15% to ₹6,957 crore during the same period.