HAL posts 30% YoY rise in Q3 profit, EBITDA at ₹1,871 cr; declares ₹35 dividend

Indian public sector aerospace and defence major Hindustan Aeronautics Limited (HAL) on Thursday reported a robust 29.65% year-on-year (YoY) rise in its consolidated net profit at ₹1,867 crore for the quarter ended December 31, 2025. In the same quarter of the previous fiscal year, the company had reported a net profit of ₹1,440 crore.

Operational performance and revenue growth

The Maharatna PSU's revenue from operations for the October-December quarter climbed 10.65%, reaching ₹7,699 crore compared to ₹6,957 crore in the year-ago period. This growth was primarily driven by a ramp-up in the delivery of aircraft and engine components under existing contracts.

On the operational front, HAL showed resilience. The EBITDA (earnings before interest, taxes, depreciation, and amortisation) stood at ₹1,871 crore, marking an 11.2% increase from ₹1,683 crore in Q3 FY25. The company also managed a slight expansion in its margins; the EBITDA margin improved to 24.3%, up from 24.2% YoY.

Interim dividend

The HAL board declared its first interim dividend for the financial year 2025-26. The dividend is set at ₹35 per equity share (700% on the face value of ₹5 per share). The company has fixed February 18, 2026, as the record date for the same, with payments expected to be processed by March 14, 2026.

Cumulative nine-month performance

Coming to the cumulative performance for the first nine months of FY26 (April–December 2025), HAL's consolidated net profit rose 12.1% to ₹4,919 crore, while total revenue from operations reached ₹19,146 crore, an 11% increase compared to the ₹17,281 crore recorded in the corresponding period last year.

Industry experts suggest that the focus on Tejas Mk1A deliveries and the diversification into civil aviation maintenance (MRO) will be the key triggers for the upcoming quarters.

HAL shares rose nearly 1.3% to an intraday high of ₹4,185 apiece on the national stock exchange on Thursday after the results were announced. The PSU's stock has risen over 16% in the past year, outperforming the benchmark Nifty 50 index that has delivered nearly 11% returns during the same period.