HAL Q4 Results 2026 Highlights: Net profit up 5.7% to ₹4,184 crore, revenue grows 2% YoY; PSU defence stock jumps 4%

Here are the highlights of Hindustan Aeronautics Q4 results 2026 (YoY):

> Net profit rises 5.7% to ₹4,184 crore from ₹3,958 crore

> Revenue up 1.8% to ₹13,943 crore from ₹13,700 crore

> EBITDA falls 4.4% to ₹5,057 crore from ₹5,292 crore

> Margin drops 235 bps to 36.28% from 38.63%

For the full financial year 2026 (FY26), the company’s consolidated profit rose by 9% YoY to ₹9,115.52 crore, while revenue climbed by 6.80% YoY to ₹33,088.82 crore.

HAL share price rallied over 4% after the announcement of Q4 results. The defence stock surged as much as 4.07% to ₹4,805.30 apiece on the BSE. HAL stock price was trading 2.18% higher at ₹4,718.15 apiece.

Consolidated revenue from operations in Q4FY26 grew 1.77% to ₹13,942.40 crore from ₹13,699.85 crore, YoY.

HAL’s consolidated net profit in Q4FY26 rose 5.51% to ₹4,196.04 crore from ₹3,976.63 crore, YoY.

The defence PSU’s standalone revenue from operations in FY26 grew 6.8% to ₹33,089.79 crore from ₹30,980.92 crore, YoY.

HAL reported a standalone net profit of ₹9,075,67 for the full financial year ending March 2026, a growth of 9.12% from ₹8,316.80 crore in FY25.

HAL’s EBITDA margin in Q4FY26 saw a sharp compression of 235 basis points (bps) at 36.28% as compared with 38.63% in the year-ago period.

At the operational level, EBITDA during the March quarter decreased 4.4% to ₹5,057 crore from ₹5,292 crore, YoY.

HAL’s revenue from operations in Q4FY26 grew 1.8% to ₹13,943.32 crore from ₹13,699.87 crore, YoY.

HAL reported a standalone net profit of ₹4,184.28 crore in the fourth quarter of FY26, registering a growth of 5.7% from ₹3,958.25 crore in the year ago period.

HAL share price has gained over 12% in one month and has risen 10% in three months. The PSU defence stock has risen 5% on a year-to-date (YTD) basis, but has fallen over 3% in one year. HAL shares have delivered multibagger returns of 210% in three years and a staggering 836% over the past five years.

Investors will watch out for the status of deliveries of Tejas Mk1A and HTT-40, updates on CATS warrior drone systems, NWC cycle, as well as execution ramp, any major provisions made, and margin sustainability.

At the operational level, EBITDA is estimated to fall 10.5% to ₹4,740 crore, while EBITDA margin is expected to contract by 247 basis points (bps) YoY to 36.2% due to disrupted supply chains and an increase in the share of manufacturing in overall revenue.

HAL’s net profit in Q4FY26 is expected to drop 7.7% to ₹3,672 crore from ₹3,976.8 crore, YoY. PAT is seen jumping 96.7% from ₹1,866.7 crore, quarter-on-quarter (QoQ).

The company’s revenue in the fourth quarter of FY26 is expected to fall 4.4% to ₹13,104 crore from ₹13,699.9 crore in the year-ago period, mainly due to the delay in deliveries of HTT-40 and LCA-Tejas Mk1A aircrafts. However, revenue may grow 70.2% from ₹7,698.8 in the December quarter, according to estimates by Choice Institutional Equities.

HAL share price traded lower ahead of the announcement of Q4 results today. The PSU defence stock opened 1.74% higher at ₹4,697.95 apiece as against its previous close of ₹4,617.35 on the BSE. HAL stock price fell as much as 1.41% to ₹4,552.00 apiece.

Hindustan Aeronautics is expected to report robust earnings growth on a sequential basis, but the net profit and revenue are expected to fall on a year-on-year (YoY) basis and margins to remain under pressure on a high base.

Hindustan Aeronautics Ltd (HAL), the state-run defence company, will announce its Q4 results today. The board of directors of HAL is scheduled to meet today, 14 May 2026, Thursday, to consider the financial results of the company for the quarter and year ended 31st March, 2026.