Consolidated net profit rose 30% year on year to Rs. 1,867 crore, while the company announced a first interim dividend of Rs. 35 per share, with February 18 set as the record date.
Revenue from operations for the December quarter increased 11% YoY to Rs. 7,699 crore, compared with Rs. 6,957 crore in the corresponding period last year, the company said in a regulatory filing.
EBITDA stood at Rs. 1,871 crore, up from Rs. 1,682 crore a year ago, with margins improving slightly to 24.3% from 24.18%. EBITDA is earnings before interest, tax, depreciation and amortisation. Profit before tax rose to Rs. 2,487 crore from Rs. 2,042 crore, supported by healthy execution across key defence programmes.
Total expenses for the quarter under review increased to Rs. 6,139 crore from Rs. 5,552 crore, broadly in line with revenue growth. Cost of materials remained the largest expense component, while employee and other costs were largely stable as a proportion of revenue.
For the nine months ended December 2025, the company reported revenue from operations of Rs. 19,146 crore and a net profit of Rs. 4,919 crore.
HAL’s stock has been under pressure in recent weeks amid concerns over delivery timelines for the LCA Mk1A fighter jets and rising competition from private sector players in India’s next generation combat aircraft programme. The shares have declined about 8% over the past month.The company clarified that five aircraft are fully ready for delivery, incorporating the major contracted capabilities in line with agreed specifications. Earlier reports suggested that HAL may have been excluded from the race to develop India’s next generation Advanced Multirole Combat Aircraft.
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