Earnings
Home›Earnings›Analyst Ratings›HAL stock jumps 45% since April as brokerages stay pos…
HAL stock jumps 45% since April as brokerages stay positive
Brokerages cited a June-quarter profit gain to ₹1,589.7 crore and said easing supply-chain issues could help ramp Tejas deliveries from FY28 onwards.
Hindustan Aeronautics (HAL) has surged roughly 45% since April after reporting a strong June quarter, with multiple domestic brokerages keeping constructive stances on the defense manufacturer. LiveMint Markets notes that Motilal Oswal and Anand Rathi maintained “Buy” ratings, while JM Financial kept an “Add” view and InCred Equities stayed at “Hold.”
In the June quarter, HAL posted consolidated profit of ₹1,589.68 crore, up 14.9% year-on-year, supported by a 20.5% rise in other income. Revenue from operations increased 14.4% year-on-year to ₹5,515.17 crore, surpassing the company’s FY27 revenue growth guidance of 10% to 12%.
On profitability, consolidated EBITDA rose nearly 19% year-on-year to ₹1,538 crore, and the EBITDA margin improved by 106 basis points to 27.9% from 26.8% a year earlier. Motilal Oswal said the results came in ahead of its estimates and therefore did not change its earnings assumptions.
On forward expectations, Motilal Oswal pointed to supply-chain-related issues for GE starting to ease, supporting expectations for Tejas deliveries to ramp up from FY28. The broker also highlighted execution progress across other platforms, including LCH Prachand, ALFP 31 engines, HTT-40, RD-33 engines, and Su-30 aircraft, as contributors to topline growth.