Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Hindustan Aeronautics Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 12,495 | 3,915 | 5,636 | 6,061 | 14,769 | 4,348 | 5,976 | 6,957 | 13,700 | 4,819 | 6,629 | 7,699 | 13,942 |
| Expenses + | 9,262 | 3,039 | 4,108 | 4,626 | 8,867 | 3,357 | 4,336 | 5,275 | 8,405 | 3,537 | 5,071 | 5,828 | 8,884 |
| Operating Profit | 3,232 | 877 | 1,528 | 1,435 | 5,901 | 991 | 1,640 | 1,683 | 5,295 | 1,282 | 1,558 | 1,871 | 5,059 |
| OPM % | 26% | 22% | 27% | 24% | 40% | 23% | 27% | 24% | 39% | 27% | 24% | 24% | 36% |
| Other Income + | 722 | 414 | 474 | 467 | 569 | 742 | 560 | 637 | 669 | 757 | 895 | 927 | 1,164 |
| Interest | 55 | 0 | 0 | 0 | 31 | 0 | 0 | 0 | 8 | 0 | 0 | 1 | 4 |
| Depreciation | 1,056 | 201 | 350 | 212 | 644 | 149 | 178 | 277 | 736 | 185 | 226 | 310 | 634 |
| Profit before tax | 2,844 | 1,089 | 1,651 | 1,689 | 5,795 | 1,584 | 2,023 | 2,042 | 5,219 | 1,854 | 2,227 | 2,487 | 5,584 |
| Tax % | 0% | 25% | 25% | 25% | 26% | 9% | 25% | 30% | 24% | 25% | 25% | 25% | 25% |
| Net Profit + | 2,831 | 814 | 1,237 | 1,262 | 4,309 | 1,437 | 1,510 | 1,440 | 3,977 | 1,384 | 1,669 | 1,867 | 4,196 |
| EPS in Rs | 42.33 | 12.17 | 18.49 | 18.86 | 64.43 | 21.49 | 22.59 | 21.53 | 59.46 | 20.69 | 24.96 | 27.91 | 62.74 |
Financials of Hindustan Aeronautics Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 15,939 | 16,758 | 17,950 | 18,520 | 20,008 | 21,445 | 22,882 | 24,620 | 26,927 | 30,381 | 30,981 | 33,089 |
| Expenses + | 13,560 | 14,285 | 14,719 | 15,071 | 15,457 | 16,531 | 17,538 | 19,205 | 20,242 | 20,630 | 21,360 | 23,319 |
| Operating Profit | 2,379 | 2,474 | 3,231 | 3,449 | 4,551 | 4,914 | 5,344 | 5,415 | 6,686 | 9,752 | 9,621 | 9,770 |
| OPM % | 15% | 15% | 18% | 19% | 23% | 23% | 23% | 22% | 25% | 32% | 31% | 30% |
| Other Income + | 1,650 | 1,608 | 1,058 | 776 | 376 | 423 | 364 | 985 | 1,673 | 1,923 | 2,608 | 3,743 |
| Interest | 15 | 6 | 16 | 35 | 178 | 360 | 267 | 65 | 64 | 43 | 22 | 6 |
| Depreciation | 822 | 863 | 681 | 947 | 1,025 | 999 | 1,158 | 1,111 | 1,785 | 1,407 | 1,340 | 1,355 |
| Profit before tax | 3,191 | 3,213 | 3,592 | 3,243 | 3,725 | 3,979 | 4,283 | 5,225 | 6,510 | 10,225 | 10,867 | 12,152 |
| Tax % | 25% | 38% | 27% | 39% | 37% | 28% | 24% | 3% | 10% | 25% | 23% | 25% |
| Net Profit + | 2,399 | 2,004 | 2,625 | 1,990 | 2,328 | 2,883 | 3,246 | 5,080 | 5,828 | 7,621 | 8,364 | 9,116 |
| EPS in Rs | 24.89 | 27.72 | 36.30 | 29.76 | 34.82 | 43.10 | 48.53 | 75.96 | 87.14 | 113.96 | 125.07 | 136.30 |
| Dividend Payout % | 20% | 31% | 30% | 54% | 28% | 39% | 31% | 26% | 32% | 31% | 32% | 26% |
Financials of Hindustan Aeronautics Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 482 | 362 | 362 | 334 | 334 | 334 | 334 | 334 | 334 | 334 | 334 | 334 |
| Reserves | 16,322 | 10,671 | 12,198 | 9,177 | 11,748 | 12,914 | 15,090 | 18,979 | 23,238 | 28,804 | 34,647 | 40,707 |
| Borrowings + | 165 | 80 | 1,022 | 905 | 4,116 | 5,927 | 53 | 49 | 52 | 50 | 51 | 11 |
| Other Liabilities + | 47,370 | 45,420 | 38,163 | 38,047 | 35,298 | 35,027 | 37,619 | 40,892 | 45,652 | 51,723 | 73,665 | 91,362 |
| Total Liabilities | 64,339 | 56,532 | 51,744 | 48,463 | 51,496 | 54,203 | 53,096 | 60,254 | 69,276 | 80,911 | 108,698 | 132,415 |
| Fixed Assets + | 7,366 | 6,925 | 7,350 | 7,566 | 7,459 | 7,357 | 7,166 | 6,766 | 6,834 | 6,737 | 6,671 | 9,581 |
| CWIP | 235 | 1,025 | 1,389 | 1,462 | 1,502 | 2,043 | 1,950 | 2,473 | 1,885 | 2,493 | 3,098 | 1,026 |
| Investments | 570 | 916 | 994 | 1,010 | 910 | 991 | 1,121 | 1,363 | 1,458 | 1,591 | 1,754 | 1,914 |
| Other Assets + | 56,168 | 47,666 | 42,011 | 38,425 | 41,625 | 43,812 | 42,860 | 49,653 | 59,099 | 70,089 | 97,176 | 119,894 |
| Total Assets | 64,339 | 56,532 | 51,744 | 48,463 | 51,496 | 54,203 | 53,096 | 60,254 | 69,276 | 80,911 | 108,698 | 132,415 |
Financials of Hindustan Aeronautics Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -404 | -748 | -7,700 | 1,527 | 15,117 | 10,173 | 8,830 | 8,223 | 13,643 | 10,906 | ||
| Cash from Investing Activity + | 3,012 | 597 | 5,294 | -1,339 | -1,180 | -12,785 | -5,728 | -6,410 | -10,771 | -8,337 | ||
| Cash from Financing Activity + | -164 | -2,540 | 2,326 | 64 | -7,070 | -1,464 | -1,731 | -1,999 | -2,579 | -3,350 | ||
| Net Cash Flow | 2,443 | -2,691 | -80 | 252 | 6,867 | -4,076 | 1,370 | -186 | 294 | -781 | ||
| Free Cash Flow | -1,907 | -2,000 | -9,094 | 148 | 13,910 | 8,676 | 7,054 | 6,476 | 11,890 | 8,438 | ||
| CFO/OP | 20% | 22% | -145% | 68% | 299% | 207% | 173% | 105% | 179% | 142% |
Financials of Hindustan Aeronautics Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 144 | 105 | 86 | 133 | 227 | 191 | 90 | 69 | 64 | 55 | 55 | 45 |
| Inventory Days | 1,104 | 1,016 | 879 | 870 | 881 | 815 | 602 | 607 | 527 | 544 | 736 | 780 |
| Days Payable | 103 | 91 | 64 | 72 | 113 | 163 | 75 | 96 | 116 | 116 | 156 | 112 |
| Cash Conversion Cycle | 1,145 | 1,030 | 900 | 931 | 995 | 843 | 617 | 580 | 475 | 484 | 634 | 713 |
| Working Capital Days | 39 | -5 | 74 | 101 | 221 | 185 | 145 | 111 | 38 | 37 | 121 | 279 |
| ROCE % | 23% | 29% | 27% | 29% | 24% | 26% | 30% | 31% | 39% | 34% | 32% |