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Informist, Tuesday, Feb. 10, 2026

By Diksha Tripathy

MUMBAI – Hindustan Aeronautics Ltd. is expected to report a double-digit revenue growth for the December quarter led by a healthy execution of its order book, brokerages said. This will lead to a sharper rise in the net profit.

For the December quarter, HAL's net profit is expected to grow over 28% on year to INR 18.34 billion, an average of estimates from seven brokerages showed. Sequentially, it is expected to grow over 10%. The highest estimate for the company's net profit is INR 20.96 billion from Nirmal Bang Equities Pvt. Ltd., while the lowest estimate is INR 16.04 billion from Prabhudas Lilladher Pvt. Ltd.

The company's revenues are expected INR 76.40 billion for the December quarter, up nearly 10% on year, the estimates showed. Sequentially, revenues are expected to rise over 15%. The highest estimate for the company's net sales is INR 80 billion from Mirae Asset Sharekhan Ltd., while the lowest estimate is INR 73.40 billion from Nirmal Bang.

HAL's order book has nearly doubled in recent years, exceeding INR 1.9 trillion, Nirmal Bang report showed. Some of the major and confirmed orders include LCA Tejas Mk-1A fighter jets, Su-30MKI aircraft engines, Light Combat Helicopters, and HTT-40 trainer aircraft. There is also an upcoming pipeline for additional Tejas, helicopters, and Dornier aircraft, the brokerage said.

Market participants will closely track any updates on the status of deliveries of Tejas Mk1A, HTT-40, GE engine supplies, and export strategies, according to brokerages.

HAL's earnings before interest, tax, depreciation, and amortisation are expected to be INR 19.15 billion for the December quarter, as per the average estimates of six brokerages. The highest estimate for the company's EBITDA is INR 21.01 billion from Nirmal Bang, while the lowest estimate is INR 17.90 billion from Prabhudas Lilladher.

For the September quarter, HAL had reported a net profit of INR 16.63 billion, up nearly 12% on year, on revenues of INR 66.28 billion, which was up 11% on year. The company had registered a decline in its net profit in the first two quarters of the current financial year.

All seven brokerage reports on the company available with Informist have a ‘buy' or equivalent recommendation on the stock with an average price of INR 5,845 per share. This is over 40% higher than the current market price. The company will announce its December quarter earnings Thursday.

Tuesday, shares of the company closed at INR 4,168.30 apiece on the National Stock Exchange, up nearly 1%. The stock has fallen over 12% since the company announced its September quarter earnings.

Following are the December quarter earnings estimates for HAL from seven brokerages in descending order of the estimate of net profit in INR billion:

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Edited by Akul Nishant Akhoury

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