Hindustan Aeronautics Q4 FY26 results: Net profit rises to ₹4,196 crore, revenue up 2%, EBITDA slips YoY

Hindustan Aeronautics Limited (HAL) reported a consolidated net profit of ₹4,196 crore in the fourth quarter of the fiscal year (Q4 FY26) on Thursday, May 14, marking a growth of 5.5% from ₹3,977 crore in the same period last year.

The Bengaluru-based company's revenue from operations advanced 2% to ₹13,942 crore in the January to March period as compared to ₹13,700 crore in the year-ago period.

The company’s net income also increased 5% to ₹15,093 crore in the reporting quarter from ₹14,351 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 4% to ₹5,058 crore as against ₹5,294 crore in the corresponding period last year.

Its EBITDA margin also contracted to 36.3%, in contrast to 38.6% in the year-ago period.

In FY26, the defence firm reported a 9% YoY rise in net profit to ₹9,116 crore from ₹8,364 in the previous year, while revenue from operations increased 7% to ₹33,089 crore from ₹30,981 crore in FY25.

A regulatory filing from the company showed that HAL’s current liabilities exceeded its current assets by ₹92.62 crore. In addition, as of the balance sheet date, the firm has accumulated losses, resulting in a substantial erosion of its net worth. HAL’s net worth stood at ₹23.37 crore as of March 31, 2026, compared to ₹3.37 crore in the same period last year.

HAL’s order book details

The defence equipment manufacturing company last month had said its order book remained healthy at around ₹2.54 lakh crore as of March 31, 2026, against the opening order book position of ₹1.89 lakh crore after adjusting for current-year liquidation.

The increase is mainly due to the signing of major orders with the MoD for the supply of 97 Light Combat Aircraft (LCA) MkIA aircraft for ₹62,370 crore, six ALH CG for ₹2,704 crore, and eight Dornier CG for ₹2,186 crore.

The outstanding manufacturing orders for helicopters, aircraft, and engines provide long-term revenue visibility over the next 7-8 years. Additionally, the ROH, spares, and other order books remained healthy and are expected to remain robust in the coming years.

HAL share price

Following the earnings, shares of HAL were trading at ₹4,766.30 apiece on the National Stock Exchange, gaining 3.2%. The stock had touched an intraday high of ₹4,808.60 per share on Thursday.

In the last five days, HAL shares have fallen 2%, while the stock has jumped 11% over a month’s time. Since the beginning of 2026, HAL shares have climbed 7%.

Shares of the firm had hit a 52-week high of ₹5,165 on May 16, 2025, and a 52-week low of ₹3,479.10 on March 30, 2026.

The company has a total market capitalisation of ₹3.14 lakh crore, according to NSE data.