Synopsis: HAL posts record ₹32,250 Cr revenue in FY26 despite supply chain woes. Order book hits ₹2.54 lakh Cr with LCA jets, helicopters; expands factories, pays ₹3,344 Cr dividend
Hindustan Aeronautics Limited (HAL) closed the financial year 2025-26 on a strong note. India’s premier defence manufacturer posted revenue of Rs 32,250 crores up 4.09% from Rs 30,981 crores the previous year. The growth came despite serious disruptions in global supply chains, geopolitical tensions, and delivery setbacks in key programmes.
HAL shares reflected investor confidence following the announcement. The stock moved up 3.46% on the BSE , gaining traction as markets absorbed the provisional revenue numbers. Analysts noted the steady top-line growth as a positive signal for the defence sector.
Delivery Delays Could Not Dent the Numbers
Supply chain problems slowed deliveries of the LCA Mk1A fighter jet and the HTT-40 trainer aircraft. Geopolitical pressures and technical hurdles caused the disruptions.
However, HAL moved fast. The company accelerated deliveries of Advanced Light Helicopters (ALH), AL-31FP engines, RD-33 engines, and several other products. That push kept revenues healthy. “HAL has shown resilience and maintained steady growth despite geopolitical tensions and supply chain challenges,” said Dr D K Sunil, CMD, HAL.
Order Book at Rs 2.54 Lakh Crore
HAL’s order book tells an even bigger story. It grew from Rs 1.89 lakh crores to Rs 2.54 lakh crores by March 31, 2026. This year was not just about revenues. HAL made its first serious move into civil aviation. The Dhruv NG helicopter completed its inaugural flight. The first series-production HTT-40 aircraft also took to the skies.
On the civil side, HAL signed contracts with Pawan Hans for 10 Dhruv NG helicopters. It also delivered two Hindustan-228 aircraft to Jags Aviation in Guyana ahead of schedule.
Additionally, HAL signed a Technology Transfer Agreement with ISRO, IN-SPACe, and NSIL for the Small Satellite Launch Vehicle (SSLV). That marks a shift from component supplier to full launch service provider. HAL also signed an MoU in Moscow with PJSC-UAC to jointly produce the SJ-100 civil commuter aircraft.
Factories Expand, Dividends Flow, Green Goals on Track
HAL moved quickly on the ground as well. The company operationalised a third LCA Tejas production line and a second HTT-40 line at its Nashik Division. It signed an MoU with MIDHANI to create a Strategic Metal Bank. The aim is to secure critical raw materials and reduce dependency on imports.
On sustainability, HAL built a cumulative renewable energy capacity of 50.15 MW. Roughly 40% of its electricity needs now come from clean energy. For shareholders, HAL paid a total dividend of Rs 3,344 crores during the year. This included an interim dividend of Rs 35 per share and a final dividend of Rs 15 per share.
Furthermore, HAL rolled out digital tools including Robotics Process Automation, AI-based Flight Snag Intelligence, and Daily Digital Inspection systems. With new orders secured, factories upgraded, and a stable supply chain ahead, HAL enters FY 2026-27 from a position of clear strength.
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