State-owned defence major Hindustan Aeronautics Ltd (HAL) is set to announce its financial results for the quarter and half-year ended September 2025 this week. The board of directors will meet on November 12 to review and approve the company’s audited financial results for Q2FY26 and H1FY26, as per the company’s filing to the stock exchanges on November 4.
Hindustan Aeronautics Ltd., a Maharatna public sector undertaking (PSU) under the Ministry of Defence, plays a crucial role in India’s defence ecosystem. The company is primarily engaged in the design, development, and manufacturing of aircraft, helicopters, engines, and aerospace systems. Hindustan Aeronautics has 19.48% weightage in the Nifty Defence Index, where Bharat Electronics has the highest weightage of 21.01%.
The Manufacturing segment contributed 24% to revenue in FY25 (up from 19% in FY23) with 16% growth, driven by major contracts such as 156 LCHs, 240 AL-31FP engines, 12 Su-30MKIs, and the Dornier-228 mid-life upgrade for the IAF. The Services segment, comprising 70% of FY25 revenue (vs 72% in FY23), grew 13% and secured repair and overhaul (ROH) orders worth about ₹20,000 crore. The Others segment, contributing 6% in FY25 (vs 9% in FY23), includes HAL’s collaborations with ISRO for various space programmes.
In the previous quarter (Q1FY26), HAL reported a 9.5% year-on-year increase in standalone total income to ₹5,568 crore, compared to ₹5,085.21 crore in Q1FY25. However, net profit declined 4% YoY to ₹1,377.15 crore, against ₹1,435.59 crore in the same period last year.
As of FY25-end, the order book stands at ₹1,89,300 crore (up from ₹94,127 crore in FY24), even after executing ₹30,105 crore of turnover in FY25.
Recently, Hindustan Aeronautics Limited (HAL) announced two major agreements in civil and defense aviation.
HAL signed an MoU with Russia’s Public Joint Stock Company United Aircraft Corporation (PJSC-UAC) on October 27, 2025, in Moscow for producing the SJ-100 civil commuter aircraft. The twin-engine, narrow-body jet is already in service with over 16 airlines worldwide. HAL will manufacture the SJ-100 for Indian customers, enhancing regional connectivity under the UDAN scheme. This marks India’s return to passenger aircraft production since the AVRO HS-748 program (1961–1988) and aligns with the ‘Aatmanirbhar Bharat’ initiative. The domestic market is estimated to need over 200 such aircraft in the next decade, with an additional 350 for short international routes.
On November 7, 2025, HAL signed a contract with General Electric (GE), USA, for 113 F404-GE-IN20 engines and support packages. These will power 97 LCA Mk1A fighter aircraft, with deliveries scheduled from 2027 to 2032.
These agreements reinforce HAL’s role in strengthening India’s self-reliant aviation ecosystem in both civil and defense sectors.
HAL shares have delivered steady performance in recent months. Over the last five trading sessions, the stock gained 4.5% on the NSE. It has also jumped 1.85% in the past month, 8% in the last three months, and 17.25% year-to-date. On an annual basis, HAL’s stock has gained 9.97%.
The stock hit a 52-week high of ₹5,165 on May 16, 2025, and a 52-week low of ₹3,046.05 on March 3, 2025. At 12:40 p.m. on Wednesday, HAL shares were trading 0.75% higher at ₹4,899 apiece on the NSE, compared to a 0.87% rise in the Nifty 50 index. The stock price of HAL jumped over 1% to touch its intraday high.
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