Hindustan Aeronautics Ltd
Hindustan Aeronautics Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #17 of 20 in Aerospace & Defense
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What the Q4 FY26 call signalled
2 of 4 strong
The short version
HAL expects double-digit revenue growth of about 10% to 12% for the financial year 2026-27. Hindustan Aeronautics Limited (HAL) expects double-digit revenue growth of 10% to 12% minimum in the near term, with manufacturing revenue growing faster than Repair and Overhaul (ROH) revenues.
From Hindustan Aeronautics Ltd's Q4 FY26 earnings-call transcript · updated 23 Sept 2026.
Revenue & Sales Performance
- HAL expects double-digit revenue growth of about 10% to 12% for the financial year 2026-27.
- Manufacturing sales are anticipated to grow significantly, especially with the commencement of deliveries for LCA Mark-1A and HTT-40 programs.
- Manufacturing revenue witnessed a 30% year-on-year growth, expected to continue with deliveries of 20+ HTT-40 and approximately 20 LCA aircraft planned for the year.
- Repair & Overhaul (ROH) revenue will also grow with the addition of new platforms, maintaining a balanced revenue mix (from 28:70 to around 50:50 manufacturing to ROH).
- Order book is strong at INR2.54 lakh crores with major ongoing projects including LCA, Su-30, ALH, LCH, HTT-40.
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Profitability & Margins
See what Hindustan Aeronautics Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- HAL is continuously investing in future capabilities through capex and R&D.
- Capex during the year crossed INR 2,386 crores; R&D expenditure was INR 2,794 crores (~8.4% of revenue).
- Production capacity ramp-up for major projects:
- LCA and HTT-40 manufacturing at Bangalore and Nashik plants.
- LCH manufacturing at Bengaluru and Tumkuru plants.
- Planned development of manufacturing infrastructure for:
- LCA Mark-II
- GE 414 engines
- IMRH engines
- SSLV (Small Satellite Launch Vehicle)
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Top-ranked in Aerospace & Defense
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- Current order book stands at approximately INR 2.84 lakh crores.
- Major ongoing projects include LCA, 12 Su-30 aircraft, AL-31FP engines, Dornier-228, 21 ALH helicopters, LCH, HTT-40, and RD-33 engines.
- Fresh orders received in the current year totaled INR 97,028 crores, with INR 69,668 crores from manufacturing and INR 26,539 crores from repair and overhaul (ROH).
- Major order wins include 97 LCA Mark-1A aircraft to IAF, 6 ALH Mark III MR to ICG, 8 Do-228 to ICG, 10 ALH Dhruv NG to Pawan Hans, and 2 Hindustan-228 to Guyana.
2 more points from Hindustan Aeronautics Ltd's call on order book
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Hindustan Aeronautics Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹13.9K Cr, net profit ₹4.2K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Hindustan Aeronautics Ltd's management said in earlier quarters
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Potential multibaggers · Q2 FY27
Potential multibaggers in Aerospace & Defense
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Hindustan Aeronautics Ltd Q4 FY26 results?
HAL expects double-digit revenue growth of about 10% to 12% for the financial year 2026-27. Hindustan Aeronautics Limited (HAL) expects double-digit revenue growth of 10% to 12% minimum in the near term, with manufacturing revenue growing faster than Repair and Overhaul (ROH) revenues.
What is Hindustan Aeronautics Ltd share price analysis?
Hindustan Aeronautics Ltd currently shows a below-average growth signal. The stock trades at a P/E of 34.4 with a market cap of ₹321,032 Cr. Investors should review the full earnings analysis for detailed insights.
Is Hindustan Aeronautics Ltd planning capital expenditure?
HAL is continuously investing in future capabilities through capex and R&D.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.