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State-run aerospace major Hindustan Aeronautics Limited (HAL) on Tuesday reported a revenue of Rs 32,250 crore for the financial year ended March 31, marking a steady rise from Rs 30,981 crore in the previous fiscal despite persistent supply chain headwinds.
The company said delays in deliveries of the LCA Mk1A fighter and HTT-40 trainer aircraft, largely due to geopolitical and technical supply constraints, impacted production timelines during the year. However, accelerated deliveries of ALH helicopters, AL31-FP and RD-33 engines, along with other products and services, helped stabilise revenues and maintain profitability.
“HAL has shown resilience and maintained steady growth despite geopolitical tensions, global conflicts, and supply chain challenges in the aerospace and defence sectors,” said Chairman and Managing Director D.K. Sunil. He added that the company strengthened its order pipeline, expanded manufacturing capacity, and pushed into the civil aviation segment to support long-term growth.
HAL’s order book rose sharply to about Rs 2.54 lakh crore as of March 31, up from Rs 1.89 lakh crore at the start of the year, after accounting for executed orders. The surge was driven by major contracts with the Ministry of Defence, including a Rs 62,370 crore deal for 97 LCA Mk1A aircraft, six ALH helicopters for the Coast Guard worth Rs 2,704 crore, and eight Dornier aircraft valued at Rs 2,186 crore.
The company said its robust pipeline of manufacturing orders across aircraft, helicopters, and engines provides revenue visibility for the next seven to eight years. Maintenance, repair and overhaul (ROH), spares, and related services are also expected to remain strong contributors going forward.
HAL also returned significant value to shareholders during the year, paying a total dividend of Rs 3,344 crore. This included an interim dividend of Rs 35 per share for FY26 amounting to Rs 2,341 crore, and a final dividend of Rs 15 per share for FY25 totalling Rs 1,003 crore.
On the diversification front, HAL stepped up its global and civil aviation engagements. It signed a memorandum of understanding in Moscow with United Aircraft Corporation to jointly produce the SJ-100 civil commuter aircraft. The company also secured a contract with Pawan Hans Limited for 10 Dhruv NG helicopters and with Jags Aviation in Guyana for two Hindustan-228 aircraft, both of which have already been delivered ahead of schedule.
In the space sector, HAL signed a Small Satellite Launch Vehicle (SSLV) technology transfer agreement with Indian Space Research Organisation, IN-SPACe and NewSpace India Limited, marking its transition from a component supplier to a launch service provider in the fast-growing small satellite market.
Team BharatShakti
