HAL

Hindustan Aeronautics Ltd (HAL) reported a steady Q4 FY26

Hindustan Aeronautics Ltd (HAL) reported a steady Q4 FY26 performance with net profit rising ≈ 6 % YoY to ₹ 4,196 crore and revenue up ≈ 2 % to ₹ 13,942 crore. The defence PSU’s stock gained 3–4 % intraday to ₹ 4,808 on 14 May 2026 after the announcement, supported by strong sequential growth and a record order book of ₹ 2.54 lakh crore. Full‑Year FY26 Performance Revenue: ₹ 33,089 crore (+ 7 % YoY) Net Profit: ₹ 9,116 crore (+ 9 % YoY) Strategic Outlook Defence Pipeline: Strong visibility from Tejas Mk1A, LCH, and engine manufacturing contracts. Export Opportunities: Expanding to Southeast Asia and Africa for spares and maintenance services. Risks: Margin pressure from rising input costs and delivery delays in new aircraft programs. Net Worth: ₹ 40,862 crore (+ 17 %) Order Book: ₹ 2.54 lakh crore — includes LCA Mk1A, HTT‑40, and LUH programs. EPS (FY26): ₹ 135.7 (+ 9 %) Investor Takeaway Solid profit growth despite flat revenue shows execution strength. Order book visibility ensures multi‑year earnings support. Valuation premium justified by defence sector tailwinds and export potential. Watch for: Margin recovery in FY27 and timely delivery of LCA Mk1A units.