Just when you thought defence stocks were flying high on patriotic fumes and Make-in-India magic, Hindustan Aeronautics (HAL) has hit a minor air pocket. The company posted a 7.7% YoY drop in Q4 profit to ₹3,977 crore.
And the market’s first reaction? “Is the BrahMos still on?”
✈️ A pause or a pattern?
Despite the dip, this is not a crisis — yet. HAL has had a monster run in the
past year, and even the best fighter jets need to refuel.
The profit fall is largely due to:
- Delays in certain milestone payments
- Inventory cost adjustments
- A higher base in the previous year
HAL still sits on a massive order book, including:
- Tejas Mk1A fighter jets
- LUH (Light Utility
To Read Full 16 Point ArticleBecome a member