Hindustan Aeronautics (HAL) reported a consolidated net profit of Rs 1,866.6 crore, up 29.64% year-on-year (YoY), from Rs 1,439.83 crore in Q3FY25.
The defence PSU reported revenue from operations of Rs 7,698.80 crore, up 10.66% YoY, from Rs 6,957.31 crore in Q3FY25.
HUL announces first interim dividend for FY26
HAL has declared the first interim dividend of Rs 25 per equity share (500% on face value of Rs 5) for FY26. The record date for the dividend is February 18, and the payout will be completed on or before March 14.
Key highlights from Q3FY26
On a sequential basis, the company reported a jump of 11.83% in its net profit from Rs 1,669.07 crore in Q2FY26. Revenue also increased 16.15% QoQ from Rs 6,628.61 crore in Q2FY26.
HAL said it has revised the ceiling of gratuity payable to eligible officers and workmen from Rs 20 lakh to Rs 25 lakh with effect from October 1, 2025, following an increase in Industrial Dearness Allowance. This resulted in an additional liability of Rs 331.93 crore for the nine months ended December 31, 2025.
The company also increased its contribution to the pension scheme from 7% to 10% of basic pay plus DA for executives and workmen, leading to additional costs in the current financial year.
During the quarter, HAL received an income tax refund of Rs 423.02 crore related to assessment year 2011–12. The company noted that there were no exceptional items recorded in Q3FY26 at the standalone level.
HAL reported an 11.2% YoY rise in EBITDA to Rs 1,871 crore, compared with Rs 1,683 crore in the same quarter last year. The company’s EBITDA margin stood at 24.3%, marginally higher than 24.2% reported a year ago.
HAL share price
The share price of Hindustan Aeronautics (HAL) recovered slightly from intra-day lows post Q3 earnings. The stock is still trading flat at Rs 4,126.40 on Thursday. However, in past six months the stock has declined 6.07%.