Mumbai, August 6: Shares of state-run defence aeronautics major Hindustan Aeronautics Limited (HAL) have risen over 5% on Thursday, August 6 following its management’s strong operational outlook for FY27. The company has a record-high order book worth ₹2,54,538 crore, with the revenue visibility spanning 7-8 years across its manufacturing and maintenance, repair and overhaul (MRO) divisions.
According to HAL’s management, the Navratna PSU is targeting a 10-12% year-on-year growth, with its operational revenues reaching ₹33,050 crore in FY26, a 7% year on year growth. Its EBITDA for the year has also reached ₹13,472 crore, with an operating margin of 30%. Exports have reached ₹501 crore from ₹400 crore from last year.
Though exports have remained a smaller portion of its overall revenue, HAL has been working to transform itself from a domestically focused defence manufacturer to a strategically integrated global player. The sheer size of its order book helps it gain unparalleled structural stability, insulating it from short term market fluctuations. The core challenge for it remains executing the orders within time, as it has to address global supply chain disruptions, particularly around engine deliveries. Its tieups with global OEMs like Safran and Honeywell has helped it mitigate supply risks.
HAL’s shares have been on a roll in the past 6 months, with its shares rising more than 20% to ₹4,893 a piece.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Readers should conduct their own research or consult with a qualified financial advisor before making any investment decisions.
