Bengaluru, India – Hindustan Aeronautics Ltd. (HAL), a leading defence public sector undertaking, reported a significant financial performance for the second quarter of fiscal year 2026, ending September 30. The company’s net profit surged by 11% year-on-year, reaching ₹1,839 crore, up from ₹1,662 crore in the corresponding period of 2025.
Revenue Growth and Operational Highlights
HAL's revenue for Q2 FY2026 saw a robust increase of 15%, climbing to ₹7,613 crore compared to ₹6,628 crore in the September 2025 quarter. This growth reflects strong operational execution within the defence and aerospace sectors.
Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) also grew, rising 11.6% to ₹1,738 crore from ₹1,557 crore in the previous year's Q2. However, the EBITDA margin experienced a slight dip, settling at 22.8% against 23.5% year-on-year.
Expenses and Earnings Per Share
Total expenses for the quarter increased to ₹6,132 crore, up from ₹5,296.64 crore in the September 2025 quarter, indicating higher operational costs associated with increased activity. Despite this, Earnings Per Share (EPS) improved to ₹28.94 in Q2 FY2026, compared to ₹24.96 in the same quarter of the previous fiscal year.
Stock Market Reaction
Following the announcement of these strong earnings, HAL's stock experienced a 2% decline on the BSE, trading at ₹4,845.40. The company's market capitalization stood at ₹3.24 lakh crore.
Hindustan Aeronautics Limited is a diversified aerospace company involved in the design, development, manufacture, repair, overhaul, upgrade, and servicing of aircraft, helicopters, aero-engines, avionics, accessories, and aerospace structures. Its product portfolio includes prominent platforms such as HAWK, Light Combat Aircraft (LCA), SU-30 MKI, Intermediate Jet Trainer (IJT), DORNIER, and HTT-40.