HAL Q4 2026 Earnings Preview: Shares Decline Ahead of Results Amid Focus on Tejas Deliveries and Margin Performance

HAL Q4 Results 2026 LIVE: Hindustan Aeronautics Ltd to Announce Quarterly Financials

The board of directors of Hindustan Aeronautics Ltd (HAL), the state-run defence company, will meet on Thursday, 14 May 2026, to consider the financial results of the company for the quarter and year ended 31st March, 2026. As the company prepares to announce its Q4 results, investors and analysts are eagerly awaiting the financial performance of HAL.

According to estimates by Choice Institutional Equities, HAL is expected to report robust earnings growth on a sequential basis, but the net profit and revenue are expected to fall on a year-on-year (YoY) basis. The company's revenue in the fourth quarter of FY26 is expected to fall 4.4% to ₹13,104 crore from ₹13,699.9 crore in the year-ago period, mainly due to the delay in deliveries of HTT-40 and LCA-Tejas Mk1A aircrafts.

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

HAL's net profit in Q4FY26 is expected to drop 7.7% to ₹3,672 crore from ₹3,976.8 crore, YoY. However, profit after tax (PAT) is seen jumping 96.7% from ₹1,866.7 crore, quarter-on-quarter (QoQ). At the operational level, EBITDA is estimated to fall 10.5% to ₹4,740 crore, while EBITDA margin is expected to contract by 247 basis points (bps) YoY to 36.2% due to disrupted supply chains and an increase in the share of manufacturing in overall revenue.

Investors will be closely watching the status of deliveries of Tejas Mk1A and HTT-40, updates on CATS warrior drone systems, NWC cycle, as well as execution ramp, any major provisions made, and margin sustainability. The company's order book stands at ₹2.54 lakh crore for FY26. HAL share price was trading over a percent lower on Thursday, ahead of the announcement of Q4 results today.