Shares of Hindustan Aeronautics declined nearly 3% on Wednesday to Rs 4,741.30 on the NSE after the company’s September quarter (Q2 FY26) results came in below street estimates.
The aerospace and defence manufacturer reported a consolidated net profit of Rs 1,669 crore, up 10.5% year-on-year from Rs 1,510 crore last year, but below the estimated Rs 1,750 crore. Revenue rose 10.9% to Rs 6,628 crore from Rs 5,976 crore in Q2 FY25, reflecting strong order execution.
However, the company’s EBITDA fell 5% YoY to Rs 1,557.4 crore, missing estimates of Rs 1,860 crore, while margins declined sharply to 23.5% from 27.4% in the same quarter last year.
Investors also reacted to the management’s update that first-half FY26 margins stood at 24.8%, well below the full-year guidance of 31%, triggering a negative sentiment in the stock.
At the current market price, Hindustan Aeronautics commands a market capitalization of Rs 3.18 lakh crore with a P/E ratio of 38.15 and a dividend yield of 0.84%.
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