The Hindustan Aeronautics shares declined over 4% to an intra-day low of Rs 4,405 on the National Stock Exchange. The stock price fell after the company’s fighter jet, Tejas, met with a crash during the aerial display at the Dubai Air Show. Tejas is an indigenous multi-role Light Combat Aircraft (LCA).
This is the second crash in the last 20 months in which an HAL-manufactured aircraft was involved. Prior to the Dubai Air Show, in Jaisalmer, Rajasthan, Tejas met with a crash in March 2024.
“HAL is deeply saddened by the loss of the courageous IAF pilot during the aerial display at the Dubai Air Show. HAL expresses its heartfelt condolences to the bereaved family,” said HAL in a post on X (formerly Twitter).
“We would like to bring to your attention that the recent incident during the aerial display at the Dubai Air Show is an isolated occurrence arising out of exceptional circumstances. We would like to assure that there is no impact on the company’s business operations, financial performance or its future deliveries. The company is extending its full support and cooperation to the agencies conducting the investigation,” read an exchange filing.
Hindustan Aeronautics Q2 FY26
The company posted a consolidated net profit of Rs 1,669.07 crore for the second quarter of the current financial year, an increase of 10.5% year-on-year rise from the Rs 1,510.48 crore for the corresponding quarter of the last financial year.
The company’s revenue from operations surged almost 11% YoY to Rs 6,628.61 crore in Q2 FY26, from Rs 5,976.29 crore in Q2 FY25. Its total expenses grew 17% YoY to Rs 5,296.64 crore for Q2 FY26.
Hindustan Aeronautics stock performance
The share price of Hindustan Aeronautics has fallen 8.5% in the last five trading sessions. The stock has declined 7.9% in the past one month and 11.4% in the last six months. However, Hindustan Aeronautics’ stock price has given a return of 3.4% over the previous one year.
