Hindustan Aeronautics Limited reports strong Q1 performance; consolidated revenue crosses ₹6,400 crore
Bengaluru : Hindustan Aeronautics Limited (HAL), India’s leading aerospace and defence company, has reported strong financial performance for the first quarter of FY27, with consolidated net profit rising nearly 15% year-on-year to ₹1,589.68 crore.
The company’s Board of Directors approved the audited financial results for the quarter ended June 30, 2026, at its meeting held on August 12.
On a standalone basis, HAL reported a net profit of ₹1,580.61 crore, compared with ₹1,377.15 crore in Q1 FY26, representing growth of 14.8%.
Standalone Financial Performance
| Particulars | Q1 FY27 | Q1 FY26 | Growth |
|---|---|---|---|
| Revenue from Operations | ₹5,515.28 Cr | ₹4,819.14 Cr | 14.4% |
| Total Income | ₹6,418.09 Cr | ₹5,568.08 Cr | 15.3% |
| Net Profit | ₹1,580.61 Cr | ₹1,377.15 Cr | 14.8% |
| Basic EPS | ₹23.63 | ₹20.59 | 14.8% |
| Net Worth | ₹40,862.51 Cr | — | — |
Consolidated Results
HAL’s consolidated performance was also strong during the quarter.
| Particulars | Q1 FY27 | Q1 FY26 | Growth |
|---|---|---|---|
| Total Income | ₹6,415.41 Cr | ₹5,566.10 Cr | 15.3% |
| Net Profit attributable to shareholders | ₹1,589.68 Cr | ₹1,383.77 Cr | 14.9% |
| Basic EPS | ₹23.77 | ₹20.69 | 14.9% |
| Net Worth | ₹41,044.60 Cr | — | — |
The results indicate continued momentum in HAL’s aerospace and defence manufacturing business.
₹45 Per Share Dividend
HAL has announced a total dividend of ₹45 per equity share for the relevant period.
This includes:
- ₹35 per share interim dividend, equivalent to 700% of the ₹5 face value, which has already been paid.
- ₹10 per share final dividend, equivalent to 200% of face value, which has been recommended and remains subject to shareholder approval at the forthcoming Annual General Meeting.
Flood-Related Losses Settled
HAL also disclosed updates relating to flood-related inventory losses.
The loss of ₹1,033 lakh relating to company-owned inventory was fully settled through insurance in March 2026.
For customer-owned inventory, an excess provision of ₹4,499 lakh was reversed, while ₹1,091 lakh has been retained as a provision for future liability.
Gratuity Ceiling Increased
The gratuity ceiling was increased from ₹20 lakh to ₹25 lakh, effective October 1, 2025.
HAL recognised an additional liability of ₹237 lakh during Q1 FY27 because of the revision.
The company noted that employee costs for the quarter are therefore not directly comparable with previous periods because of this one-time impact.
FPQ Price Revision Still Pending
HAL said the Fourth Price and Principle Revision Contract (PPRC) remains under discussion, with prices from FY 2023-24 onward yet to be finalised.
For FY 2024-25, FY 2025-26 and Q1 FY27, sales have been provisionally recognised using conservative price indices.
No escalation has been applied beyond the prices applicable for FY 2024-25.
Investment in Advanced Materials Foundation
HAL has invested ₹245 lakh in the Systems Testing and Research for Advanced Materials Foundation, a Section 8 company.
The company has been allotted 2,00,000 equity shares, while allotment of the remaining 45,000 shares is awaited.
Auditors Flag Independent Director Compliance Issue
The statutory auditors issued an unmodified opinion on both the standalone and consolidated financial statements.
However, the auditors noted non-compliance with certain independent director requirements relating to the Board, Audit Committee and Nomination & Remuneration Committee with effect from April 5, 2026.
Subsidiaries and Joint Ventures
HAL also provided updates on several subsidiaries and joint ventures.
HATSOFF Helicopter Training Private Limited
The company continues to be treated as a going concern despite concerns relating to net liabilities. It has secured multi-year defence contracts.
Its net worth stood at ₹3,129.90 lakh as of June 30, 2026.
HALBIT Avionics Private Limited
The company continues as a going concern and reported positive cash flows.
Its net liability stood at ₹1,146.11 lakh as of June 30, 2026.
Multirole Transport Aircraft Limited
The company is undergoing a voluntary liquidation process following government approval.
HAL’s Board had approved the liquidation in principle on February 9, 2023.
Infotech HAL Limited
The NCLT admitted an insolvency petition on August 22, 2025, following which the Corporate Insolvency Resolution Process (CIRP) commenced.
HAL-Edgewood Technologies Private Limited
Financial information for the entity was not provided and it has not been consolidated. HAL stated that the impact of non-consolidation is not material.
HAL Q1 FY27 Results: Key Highlights
The first-quarter results show several positive developments for HAL:
- Consolidated net profit: ₹1,589.68 crore
- Standalone net profit: ₹1,580.61 crore
- Standalone revenue: ₹5,515.28 crore
- Consolidated total income: ₹6,415.41 crore
- Net profit growth: nearly 15% YoY
- Total dividend: ₹45 per share, including ₹35 interim and ₹10 proposed final dividend
- Standalone net worth: ₹40,862.51 crore
- Consolidated net worth: ₹41,044.60 crore
The results reinforce HAL’s position as one of India’s key public-sector aerospace and defence manufacturers, while pending price finalisation and certain governance-compliance matters remain areas to watch.
Official Filings
Investors can refer to HAL’s official stock-exchange filings for the complete audited financial statements:
BSE India — Scrip Code: 541154
NSE India — Symbol: HAL
Place: Bengaluru
Date: August 12, 2026
Disclaimer: This article is based on the audited financial results filed by HAL with the stock exchanges on August 12, 2026, and is intended for informational purposes only. Investors should refer to the company’s official filings for complete details.
