HAL Q4 results: Net profit, revenue slides; board declares ₹25 dividend

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The defence public sector undertaking was among a handful of listed defence companies whose shares have rallied in the aftermath of Operation Sindoor.
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Hindustan Aeronautics Ltd Fortune 500 India 2025
HAL Q4 results: Net profit, revenue slides; board declares ₹25 dividend
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Hindustan Aeronautics Limited (HAL)’s fourth-quarter consolidated net profit fell 7.71% to ₹3,976.66 crore from ₹4,308.71 crore last year, the defence public sector undertaking (PSU) said in an exchange filing on Wednesday. For the same period, it reported revenue from operations of ₹13,699.85 crore, a 7.24% decline from ₹14,768.75 crore in the year-ago period. HAL’s board has also declared its first interim dividend of ₹25 per equity share.

On a full-year basis, HAL posted revenues of ₹30,980.95 crore, slightly higher than last year’s figure of Rs. 30,381.08 crore. Its full-year net profit stood at ₹8,364.13 crore, a 9.75% increase compared to last year’s figure of ₹7,621.05 crore. The company closed the year with ₹1,06,266.85 crore in net assets, compared to ₹78,095.18 crore at the end of last year.

HAL shares had rallied—along with other homegrown defence companies—ever since India launched Operation Sindoor, an offensive, precise military operation that the Indian Armed Forces exercised as retribution for the terrorist attack in the meadows of Pahalgam. In his first address to the nation in the aftermath of the conflict that ensued, Prime Minister Narendra Modi pushed for 'Made in India' defence equipment in modern warfare.

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“During this operation the authenticity of our Made in India weapons were also proven. Today, the world is witnessing that in 21st-century warfare, the time has come for Made in India defence equipment,” he said.

HAL shares were trading 2.85% higher in late trade on Wednesday at ₹4,741.30. The scrip has gained 13.8% year-to-date, and has gained 16.45% in the last 12 months. India’s defence exports have risen to record levels, with ₹23,622 crore worth of exports achieved in FY25, a 12% increase over last year. Defence Minister Rajnath Singh had said earlier that India aims to increase its defence exports to ₹50,000 crore by FY29.

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