Hindustan Aeronautics Limited (HAL) reported a revenue of ₹32,250 crores (provisional and unaudited) for the financial year ended 31 March 2026, compared to ₹30,981 crores in the previous year, reflecting steady growth despite significant headwinds in the aerospace and defence sectors.
The company’s performance was achieved despite delivery challenges for the Light Combat Aircraft (LCA) MkIA and the Hindustan Turbo Trainer-40 (HTT-40) caused by geopolitical tensions and supply chain disruptions. HAL offset these constraints by accelerating deliveries of Advanced Light Helicopter (ALH), AL31-FP engines, RD-33 engines, and other products and services.
HAL’s order book strengthened substantially, reaching approximately ₹2.54 lakh crores as on 31 March 2026, compared to the opening position of ₹1.89 lakh crores after adjusting for current-year liquidation. The expansion was driven by significant orders from the Ministry of Defence, including 97 LCA MkIA aircraft valued at ₹62,370 crores, six Advanced Light Helicopter (Conversion Gunship) variants for ₹2,704 crores, and eight Dornier CG aircraft for ₹2,186 crores. These orders provide revenue visibility over the next seven to eight years.
The company returned ₹3,344 crores to shareholders during the year through dividends. An interim dividend of ₹35 per equity share (face value ₹5 each) totalled ₹2,341 crores, whilst a final dividend of ₹15 per share from the previous financial year totalled ₹1,003 crores.
Capacity augmentation marked a key milestone, with HAL operationalising the third LCA Tejas production line and the second HTT-40 line at its Nasik Division. The company signed a memorandum of understanding with Mishra Dhatu Nigam Limited (MIDHANI) to establish a Strategic Metal Bank for critical raw materials, strengthening self-reliance in essential strategic inputs.
HAL made significant progress in diversification, particularly into civil aviation. The company achieved the inaugural flight of the Dhruv NG helicopter and the maiden flight of the HTT-40 aircraft. Major civil contracts included an agreement with Public Joint Stock Company United Aircraft Corporation (PJSC-UAC) to produce the SJ-100 civil commuter aircraft, a contract with Pawan Hans Limited for ten Dhruv NG helicopters, and a supply agreement with Jags Aviation, Guyana, for two Hindustan-228 aircraft, which were delivered ahead of schedule.
HAL signed the Small Satellite Launch Vehicle (SSLV) Technology Transfer Agreement with Indian Space Research Organisation (ISRO), IN-SPACe, and NewSpace India Limited (NSIL), positioning itself as a full launch service provider in the growing small satellite market.
The company implemented substantial digital transformation initiatives, including Robotics Process Automation, Flight Snag Intelligence systems, and Daily Digital Inspection. HAL is consolidating IT infrastructure through a Tier-3 Data Centre and Private Cloud development.
On sustainability, HAL established cumulative renewable energy capacity of 50.15 megawatts, meeting approximately 40 per cent of electricity requirements from renewable sources. The company launched the HAL Endowment Scholarship Scheme in partnership with the Indian Institute of Technology, Madras, to support meritorious students from economically weaker sections for 15 years.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).