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 Helicopter)
- Dozens of Sukhois and choppers for the Indian Air Force
📉 The Numbers
| Metric | Q4 FY25 | YoY Change |
|---|---|---|
| Revenue | ₹14,113 crore | ▲2.8% |
| Net Profit | ₹3,977 crore | ▼7.7% |
| Order Book | ₹94,000 crore+ | Still strong |
The company is expanding facilities and even hinting at exporting defence equipment, which would be a diplomatic flex.
🪖 Stock sentiment
HAL shares have corrected from recent highs but still hold massive gains for FY25. With the government pushing indigenization of defence and HAL being the poster boy for it, this might be just turbulence, not a crash.
👨🏫 EduView
HAL is what happens when Make-in-India gets an air force. A quarterly dip doesn’t mean the jet’s going down — it just means investors shouldn’t expect supersonic gains every quarter.
Hold your seatbelts — the long-term runway still looks clear.
