# HAL Q1 revenue rises 14% to Rs 5,515 crore, stock up 45%

2026-08-13T13:56:49+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 1 independent outlet

State-owned Hindustan Aeronautics (HAL) reported a consolidated net profit of Rs 1,589.68 crore for the June quarter, up 14.9% year on year, as revenue rose 14.4% to Rs 5,515.17 crore, beating its own 10, 12% growth guidance. EBITDA margin improved to 27.9% from 26.8%, despite a 24.5% jump in raw material costs that compressed gross margin by 280 basis points. The company’s order book stood at Rs 2.54 lakh crore at the end of FY26, 7.5 times trailing sales. Revenue growth this year hinges on deliveries of the Tejas Mk1A light combat aircraft and HTT-40 trainer, expected in the latter half of FY27 after engine supply delays from GE eased. Brokerages are split: Motilal Oswal and Anand Rathi rate the stock a ‘Buy’ with a target of Rs 5,800, while JM Financial has ‘Add’ at Rs 4,770 and InCred Equities ‘Hold’. Since April, HAL shares have rallied 45% to around Rs 4,990.

## Coverage

- livemint.com <https://www.livemint.com/market/hindustan-aeronautics-q1-earnings-growth-tejas-aircraft-aviation-defence-fleet-modernization-11786610011198.html>
- livemint.com <https://www.livemint.com/market/stock-market-news/hal-shares-rally-45-since-april-is-the-stock-still-attractive-after-q1-earnings-11786626525631.html>

Tags: aerospace, defence, HAL, order book, Q1 earnings, Tejas
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