Hindustan Aeronautics (HAL) Q4 24/25 earnings summary

Executive summary

• Achieved Maharatna status, becoming the first defense PSU to do so and the 14th CPSC overall.

• Audited standalone and consolidated financial results for the quarter and year ended 31 March 2025 were approved, with unmodified opinions from statutory auditors.

• Order book surged to INR 1,89,300 crore, driven by major contracts for engines, helicopters, and aircraft.

• Overcame supply chain and fleet grounding challenges, maintaining robust profitability and operational efficiency.

• Board meeting for approval was held on 14 May 2025.

Financial highlights

• Standalone revenue from operations for FY25: ₹30,98,092 lakh; consolidated: ₹30,98,095 lakh.

• Turnover rose to INR 30,105 crore, up 7% year-over-year from INR 28,162 crore.

• Standalone net profit after tax for FY25: ₹8,31,680 lakh; consolidated: ₹8,36,405 lakh.

• Profit before tax reached INR 10,820 crore, representing 35% of revenue.

• Standalone EPS for FY25: ₹124.36; consolidated EPS: ₹125.07.

Outlook and guidance

• Revenue growth guidance for FY26 is 8-10%, with expectations of double-digit growth from next year onward.

• EBITDA margin expected to remain at 31% operationally, with overall EBITDA at 38-39% including other income.

• Order pipeline estimated at INR 1,00,000 crore, expected to materialize in 1-2 years.

• Employee costs for FY25 are not comparable to previous years due to pension and pay scale revisions.