Hindustan Aeronautics Q2 Results: Profit rises 16% YoY to Rs 1,936 crore; revenue grows 15%

Hindustan Aeronautics (HAL) on Thursday reported a 16% year-on-year (YoY) increase in consolidated profit after tax (PAT) to Rs 1,935.64 crore for the second quarter of FY27, compared with Rs 1,669.05 crore in the corresponding quarter of the previous financial year.

Consolidated revenue from operations rose 14.85% YoY to Rs 7,613.25 crore in Q2 FY27, against Rs 6,628.61 crore reported in the year-ago period.



On the expenses front, total expenditure increased 15.77% YoY to Rs 6,132.02 crore in the September quarter, compared with Rs 5,296.64 crore in Q2 FY26.

On a standalone basis, Hindustan Aeronautics reported a 10.6% YoY rise in net profit to Rs 1,839 crore, compared with Rs 1,662 crore in the corresponding quarter last year. Revenue increased 14.9% YoY to Rs 7,613 crore from Rs 6,628 crore.

Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 11.6% YoY to Rs 1,738 crore in Q2 FY27, against Rs 1,557 crore in the year-ago quarter.

However, EBITDA margin contracted to 22.8% from 23.5% in the corresponding quarter of the previous financial year.

ICRA withdraws credit ratings on Rs 6,050 crore bank facilities

In another development, the state-owned defence and aerospace company informed exchanges that ICRA Limited has withdrawn its credit ratings assigned to its bank facilities, following a request from the company on November 11.

The rating agency withdrew its [ICRA] AAA (Stable) rating on long-term fund-based facilities worth Rs 4,000 crore and its [ICRA] A1+ rating on short-term non-fund-based facilities worth Rs 2,050 crore. The total facilities covered under the ratings amounted to Rs 6,050 crore.

According to ICRA, the withdrawal was carried out after receiving no-objection certificates (NOCs) from the company's bankers and in accordance with its policy on withdrawal of credit ratings.

The rating agency, however, clarified that it did not have any information to suggest that HAL's credit risk had changed since the ratings were last reviewed.

ICRA said key rating drivers, liquidity position and rating sensitivities were not captured in its communication as the rated instruments were being withdrawn.

The company said ICRA's communication dated November 11, 2026, regarding the withdrawal of the ratings had been enclosed with its disclosure to the stock exchanges.

Hindustan Aeronautics share price

Shares of Hindustan Aeronautics were trading lower on Thursday, extending pressure on the PSU defence counter despite the company reporting its Q2 FY27 earnings. At around 1:40 pm, HAL shares were trading at Rs 4,843.70 apiece on the NSE, down 2.13% from their previous close of Rs 4,949.

The stock moved in a range of Rs 4,736.60 to Rs 5,017.90 during the trading session.

HAL shares had touched a 52-week high of Rs 5,149.90 on August 17, 2026, while their 52-week low stood at Rs 3,479.10, recorded on March 30, 2026, according to NSE data.

So far in 2026, the defence PSU's shares have delivered a return of around 10%, exchange data showed.

At the current market price, Hindustan Aeronautics commanded a market capitalization of approximately Rs 3,23,353 crore on the NSE.