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HAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
HAL reported FY26 revenue of INR33,050 crore (7% YoY growth) with EBITDA of INR13,472 crore (11% growth) and margins maintained at 30%. Manufacturing revenue grew 16% to INR9,227 crore driven by ALH helicopters and engine deliveries. Order book improved significantly to INR2,54,538 crore with fresh orders of INR97,028 crore received during the year, including 97 LCA Mark-1A contracts. Management guided for 10-12% revenue growth and 30-31% EBITDA margins for FY27. Key programs remain on track: LCA Mark-1A deliveries expected to begin August-September 2026 with 20 aircraft targeted for the year; HTT-40 deliveries to start in FY27; Tejas Mark-II rollout expected by March 2027. The company plans INR12,000 crore capex investment by 2030 for capacity expansion and new programs including LCA Mark-II, GE 414 engines, and IMRH.
HAL's strong order book of INR2.55 lakh crore and guidance for double-digit growth indicates robust execution capability despite supply chain challenges. The clarification that LCA deliveries will start by September addresses key investor concerns, while the maintained margin guidance of 30-31% provides earnings visibility.