Guidance, stock rally may keep Hindustan Aeronautics under pressure

HAL reported a decent set of numbers in Q4FY25, with revenue at ₹13,700 crore (down 7 per cent Y-o-Y). The operating profit dipped 10 per cent Y-o-Y to ₹5,290 crore

Hindustan Aeronautics’ (HAL) performance for FY25 was driven by improved margins and lower provisions. The order book as of March ’25 was of Rs 1.8 trillion, with inflows of Rs 1 trillion during FY25. Given more assured engine supply from GE, HAL is optimistic about delivering 12 Tejas Mk1A aircraft during the year. The guidance was for a conservative 8-10 per cent revenue growth.

 

HAL reported a decent set of numbers in Q4FY25, with revenue at Rs 13,700 crore (down 7 per cent Y-o-Y). The operating profit dipped 10 per cent Y-o-Y to Rs 5,290 crore, while margins at the