HAL Shares Drop Nearly 5% After Q4 Results Miss Estimates

s Ltd (HAL) shares declined nearly 5% on Friday after the defence PSU’s Q4 results fell short of street expectations, raising concerns over weak profitability and execution delays. The company reported a modest 5.5% year-on-year rise in net profit to ₹4,196 crore for the quarter ended March 31, while revenue from operations grew just 1.7% to ₹13,942 crore. Analysts flagged a sharp drop in gross margin and an EBITDA miss, triggered by higher costs and slower order execution. Investors remain worried about delayed deliveries of Tejas Mk1A aircraft, which could impact future revenue visibility. Brokerages have cut near-term ratings, citing margin pressure despite a strong order book.