HAL beats on revenue, but margins slip below expectations
Hindustan Aeronautics grew Q2 FY27 revenue 15%, yet EBITDA and margins missed analyst estimates, according to TradingView reporting on brokerage views.
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what happened
According to TradingView, shares of Hindustan Aeronautics (HAL) were flat on Friday, November 13, after brokers reviewed the September quarter results. Revenue rose 15% year on year to 7,613 crore rupees, above the CNBC-TV18 poll estimate of 7,463 crore. However, EBITDA fell 70 basis points year on year to a 22.8% margin, and gross margin dropped to 53%. Net profit rose 10.6% and was broadly in line with forecasts.
HSBC, Nomura and CLSA kept their positive ratings, but their price targets differ, ranging from 5,625 to 6,350 rupees. The brokers point to a strong order book and cash of about $5 billion, while execution, including the start of LCA Mk1A deliveries, remains the main challenge.
why it matters
The key point for markets is the gap between strong revenue growth and weaker profitability. Investors will watch the start of LCA Mk1A deliveries and the GE engine production agreement, which analysts call the main potential catalysts.
market impact
HAL: revenue beat offset by weaker margins, so the shares lack a clear direction
- HAL shares mixed — strong revenue and order book are offset by lower margins
tags
instruments
sources
- HAL analysts see this as a key catalyst for the stock despite execution challenges; check targets — TradingView, 13 November 2026 at 04:53 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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