Hindustan Aeronautics Limited (HAL) reported robust financial results for the year ended March 31, 2026, with Revenue from Operations rising 7% to ₹33,08,979 Lakh from ₹30,98,092 Lakh in the previous year. Turnover grew 6% to ₹31,79,183 Lakh from ₹30,10,465 Lakh, while Profit Before Tax increased 12% to ₹12,11,208 Lakh from ₹10,82,001 Lakh. Profit After Tax (PAT) rose 9% to ₹9,07,567 Lakh from ₹8,31,680 Lakh. The company's net worth stood at ₹40,86,251 Lakh, and it maintained a zero-borrowing position as on March 31, 2026.

Key Financial Highlights

The following table summarises the company's financial performance for FY 2025-26 versus the previous year:

Order Book and Major Contracts

HAL's order book position stood at ₹2,54,53,848 Lakh as on March 31, 2026. During the year, the company received manufacturing contracts of over ₹69,60,000 Lakh and Repair and Overhaul (ROH) contracts of over ₹17,30,000 Lakh. Major orders secured include:

• Contracts for supply of Qty 97 LCA Mk1A to the Indian Armed Forces
• Qty 06 ALH MkIII MR to the Indian Armed Forces
• Qty 8 Do-228 to the Indian Armed Forces
• Qty 10 ALH Dhruv NG to M/s Pawan Hans Ltd
• Qty 2 Hindustan-228 to Guyana

Dividend and Capital Allocation

The Board of Directors declared an interim dividend of ₹35 per equity share of ₹5 each (700%) for FY 2025-26, amounting to ₹2,34,071.25 Lakh. The Board has further recommended a final dividend of ₹10 per equity share of ₹5 each, which, if approved by shareholders, would involve a cash outflow of ₹66,877.50 Lakh. The total dividend for FY 2025-26 would thus amount to ₹45 per equity share (900%), aggregating to ₹3,00,948.75 Lakh.

Capital expenditure for the year stood at ₹2,46,535 Lakh (previous year: ₹2,02,584 Lakh), directed primarily towards the Greenfield Helicopter Project at Tumakuru, augmentation of LCA facilities, ROH of SU-30 and AL-31FP engines, and IT infrastructure.

Significant Operational Achievements

The year witnessed several landmark milestones across HAL's programmes:

• A third LCA Mk1A production line was established at HAL Nasik to enhance production capacity
• The indigenously designed Advanced Light Helicopter (ALH) Dhruv-NG completed its maiden flight on December 30, 2025
• The first series production sortie of the Hindustan Turbo Trainer-40 (HTT-40) was successfully completed on October 24, 2025
• DGCA certification for 'Indigenous manufacturing of Shakti Civil Engine' was received on December 30, 2025
• HAL contributed to ISRO's LVM3-M5/CMS-03 mission on November 2, 2025 and LVM3-M6 mission on December 24, 2025
• An SSLV Technology Transfer Agreement was signed with ISRO, IN-SPACe and NSIL on September 10, 2025
• Two H-228 (Civil variant) aircraft were exported to M/s JAGS Aviation, Guyana

R&D and Indigenisation

HAL incurred total R&D expenditure of ₹2,79,447 Lakh during the year, representing 8.79% of turnover. The company transferred ₹94,506 Lakh (15% of Operating PAT) to its R&D Reserve. During the year, 223 IPR applications were filed and 84 IPRs were granted. Cumulatively, out of 2,842 IPRs filed by the company, 1,226 have been granted so far.

On the indigenisation front, the company uploaded more than 19,898 imported items on the MoD's Srijan Defence Portal and conducted 43 Vendor Development Programmes during the year.

Joint Ventures and Subsidiaries

As on March 31, 2026, HAL has 2 subsidiaries including 1 Wholly Owned Subsidiary and 19 Joint Venture Companies (JVCs). The total turnover reported by JVCs and subsidiaries during the year was ₹931.64 Crs. Two JVCs — Indo Avia Services Limited and International Aerospace Manufacturing Pvt. Ltd. — together paid a dividend of ₹5.80 Crs to HAL.

Corporate Social Responsibility

HAL spent ₹18,099 Lakh under CSR for FY 2025-26 against a CSR budget/obligation of ₹16,867 Lakh, reflecting expenditure in excess of the mandatory requirement. CSR activities spanned healthcare, education, skill development, women empowerment, and rural development across multiple states.

Governance and Board Changes

During the year, several changes took place in the Board of Directors. Key appointments included Shri M. G. Balasubrahmanya as Director (Human Resources) with effect from May 6, 2025; CA Rakesh Bhawsar and Dr. S. D. Premkumar as Independent Directors with effect from May 15, 2025; Shri Ajay Kumar Shrivastava as Director (Engineering and R&D) with effect from July 15, 2025; and Ms. Manisha Chandra, IAS as Government Nominee Director with effect from July 15, 2025. Shri Ravi K was appointed as Chairman and Managing Director with effect from May 1, 2026. The company received a DPE grading of 'Excellent' for FY 2025-26 and achieved an 'Excellent' MoU performance rating with a score of 92.07 for FY 2024-25.

Hindustan Aeronautics Limited has notified the stock exchanges of a change in its senior management, marking the departure of Shri Bankim Kumar Pradhan from his role as Executive Director (Finance). The change took effect on July 29, 2026, with the company citing a transfer as the primary reason for the exit. This leadership shift within the Maharatna Central Public Sector Enterprise may impact financial oversight and strategic planning during the transition period.

The disclosure was filed with both the Bombay Stock Exchange and the National Stock Exchange of India Limited on July 29, 2026. It was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates timely reporting of changes in senior management personnel. Shailesh Bansal, the Company Secretary & Compliance Officer of Hindustan Aeronautics Limited, signed the communication, confirming the accuracy of the information provided to the listing authorities.

Management Change Details

The filing provides specific details regarding the change in designation and the effective date. Below is the summary of the management transition as reported by the company:

Shri Bankim Kumar Pradhan served as the Executive Director (Finance) until the specified date. His departure due to transfer indicates an internal reassignment or movement within the broader public sector framework, rather than a resignation or termination. The company did not disclose the new posting or destination of the executive in this specific filing.

Regulatory Compliance

Hindustan Aeronautics Limited emphasized its adherence to regulatory norms by promptly informing the exchanges. The notice was addressed to the Listing Departments of both BSE Limited at Phiroze Jeejeebhoy Towers, Mumbai, and NSE India Ltd at Exchange Plaza, Bandra-Kurla Complex, Mumbai. The company’s corporate office is located at 15/1, Cubbon Road, Bangalore, Karnataka.

This update ensures transparency for investors and stakeholders regarding the governance structure of the defense manufacturing giant. No further details regarding the interim handling of finance-related responsibilities were included in the initial disclosure.