HAL Q2 earnings: Net profit rises to ₹1,669 crore, revenue jumps 11%, EBITDA slips YoY

The Bengaluru-based company's revenue from operations advanced 11% to ₹6,629 crore in the July to September period as compared to ₹5,976 crore in the year-ago period.

The company’s net income increased 15.3% to ₹7,516 crore in the reporting quarter from ₹6,519 crore on a year-on-year (YoY) basis.

The state-run fighter jet maker's operating profit, also known as earnings before interest, taxes, depreciation, and amortisation (EBITDA), however, declined 5% to ₹1,558 crore as against ₹1,640 crore in the corresponding period last year.

Its EBITDA margin also contracted to 23.5%, in contrast to 27.4% in the year-ago period.

Earnings per share (EPS) increased to ₹24.96 from ₹22.59 seen in the corresponding quarter of the previous fiscal year.

For half a year (H1 FY26), HAL’s net profit rose 3.5% to ₹3,053 crore as compared to ₹2,948 crore on a YoY basis. Its revenue from operations for H1 FY26 stood at ₹11,448 crore as against ₹10,324 crore in H1 FY25, rising 11%.

HAL share price

Following the earnings, HAL shares were trading at ₹4,740.50 apiece on NSE, declining 2.51%.

Over the last five trading sessions, the stock has gained 2%, while in the last six months, HAL shares have climbed 7%, and since the beginning of 2025, the stock has surged 14%. The company has a market capitalisation of ₹3.18 lakh crore.

Recent deal

Further, last week, the defence firm sealed a major deal with American defence major GE Aerospace to procure 113 jet engines for its Tejas light combat aircraft programme.

The firming up of the deal came notwithstanding a downturn in India-US relations after the Trump administration slapped a 50% tariff on Indian goods.

Under the deal, the delivery of the F404-GE-IN20 engines will begin in 2027, and the supplies will have to be completed by 2032, officials said.

Hindustan Aeronautics Limited (HAL) is a Maharatna company, a designation awarded to central public sector enterprises (CPSEs) by the Government of India. HAL is a prominent player in the Indian aerospace and defence sector, involved in designing, manufacturing, and supplying aircraft, helicopters, and related equipment.