Nothing wrong with HAL, they are doing A OK..
HAL logs 4% rise in FY26 revenue at ₹32,250 crore
HAL operationalised its third LCA Tejas production line and second HTT-40 production line at its Nashik division to expand manufacturing capacity. Hindustan Aeronautics Ltd (HAL) on Tuesday reported a 4 per cent rise in its FY26 revenue at ₹32,250 crore, compared with ₹30,981 crore posted in the previous year. The company said performance was impacted by delays in deliveries of LCA Mk1A and HTT-40 aircraft due to supply chain disruptions linked to geopolitical and technical challenges. However, higher deliveries of ALH helicopters, AL31-FP and RD-33 engines and other products supported revenue and profitability. HAL has shown resilience and maintained steady growth despite geopolitical tensions, global conflicts, and supply chain challenges in the aerospace and defence sectors. During the past year, HAL strengthened its order pipeline, expanded its manufacturing capability and diversified into the civil segment to support future growth, said DK Sunil, CMD, HAL.
According to a regulatory filing, HAL's order book stood at about ₹2.54 lakh crore as of March 31, 2026, compared with ₹1.89 lakh crore at the beginning of the year, marking an increase of 34 per cent. The state-run firm said the increase was driven by orders from the Ministry of Defence, including 97 LCA Mk1A aircraft worth ₹62,370 crore, six ALH for ₹2,704 crore and eight Dornier aircraft for ₹2,186 crore. The company said its manufacturing order book for helicopters, aircraft and engines provides revenue visibility for the next 7-8 years, while orders for repair, overhaul (ROH) and spares remain steady. Expanding capacity during the year, HAL paid an interim dividend of ₹35 per share (face value ₹ 5), amounting to ₹2,341 crore for FY26, and a final dividend of ₹15 per share for FY25, amounting to ₹ 1,003 crore, taking total dividend payout to ₹3,344 crore.
HAL operationalised its third LCA Tejas production line and second HTT-40 production line at its Nashik division to expand manufacturing capacity. The company also signed an MoU with Mishra Dhatu Nigam Ltd (MIDHANI) to establish a strategic metal bank for critical raw materials. During the year, HAL entered the civil aviation segment with the first flight of the Dhruv NG helicopter, while the first series-production HTT-40 aircraft also completed its maiden flight. As part of its diversification, HAL signed an MoU in Moscow with Public Joint Stock Company United Aircraft Corporation (PJSC-UAC) to produce the SJ-100 civil commuter aircraft. It also signed contracts with Pawan Hans Ltd to supply 10 Dhruv NG helicopters and with Jags Aviation, Guyana, to supply two Hindustan-228 aircraft, which have already been delivered ahead of schedule.
