The Hindustan Aeronautics (HAL) share price surged over 3% to an intra-day high of Rs 4,605 on the National Stock Exchange. The surge in the stock price came after reports suggested that the company is likely to receive a big purchase order.
The Cabinet Committee on Security (CCS) cleared the purchase of 97 Light Combat Aircraft (LCA) Mark 1A fighter jets worth Rs 62,000 crore from HAL, reported CNBC-TV18, citing sources.
A formal confirmation would signify one of the biggest purchase orders for the government-owned company, where the fighter jets would be developed indigenously.
The Light Combat Aircraft Mark 1A is an enhanced variant of the Tejas fighter jet, developed by HAL. It is designed to take the place of the outdated MiG-21 fighter jets.
HAL Q1 results 2025
The company posted a 3.7% year-on-year fall in its consolidated net profit at Rs 1,383.77 crore in the first quarter of the financial year 2025-26, down from Rs 1,437.14 crore in recorded in the same quarter a year ago. However, the total revenue from operations increased by 10.8% YoY in Q1 FY26 to Rs 4,819.01 crore, as against Rs 4,347.50 crore reported in the corresponding period of the last fiscal year.
HAL Q4 FY25 results
HAL reported a 7.7% drop in consolidated net profit to Rs 3,977 crore Q4 FY25, compared with a net profit of Rs 4,309 crore in the same quarter a year ago. However, on a quarter-on-quarter basis, the company’s net profit more than doubled, jumping 176% from Rs 1,440 crore. Its consolidated revenue from operations fell 7.2% YoY to Rs 13,700 crore in Q4FY25 from Rs 14,769 crore. Sequentially, revenue rose 97% to Rs 6,957 crore.
HAL stock performance
The share price of Hindustan Aeronautics has changed little in the last five trading sessions. It has declined 5% in the past one month and 4.6% in the last one year. However, the stock price of Hindustan Aeronautics has given a return of 33% in the past one six months.