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HAL Shares Surge on Strong Q1 Earnings, Defense Sector Optimism
HAL Shares Surge on Strong Q1 Earnings, Defense Sector Optimism
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BTCCSquare news:
Hindustan Aeronautics Ltd (HAL) shares climbed 2.1% to ₹4,503 after reporting better-than-expected quarterly results, marking a recovery from recent lows. The defense contractor posted a 10.8% year-on-year revenue increase to ₹4,820 crore, with EBITDA margins expanding 382 basis points to 26.6%. Net profit ROSE 27% to ₹1,380 crore, surpassing analyst estimates.
Prabhudas Lilladher upgraded the stock to 'Buy', citing the recent pullback as an attractive entry point. HAL's ₹1 trillion order backlog and upcoming delivery of Tejas Mk1A fighter jets to the Indian Air Force underscore its pivotal role in India's defense indigenization push. The stock trades at 34.8 times projected FY26 earnings.
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