According to the company’s annual report released on Tuesday, HAL’s order book stood at a staggering Rs 2.55 lakh crore for FY26. The outlook for FY27 and beyond remains positive, with the company noting that its strong order book provides 7-8 years of revenue visibility.
HAL expects growth to improve through better supply chain stabilisation, capacity expansion, including significant infrastructure investments, and faster production ramp-up of key platforms, the company said in its annual report released on August 4.
Also read:Defence stocks rally on strong order books and rising exports: Are they still worth buying?
HAL key focus areas
Hindustan Aeronautics outlined its key priorities for the coming years, including increasing LCA Mk1A production to more than 24 aircraft annually and accelerating the manufacturing of the HTT-40 trainer aircraft.HAL FY27 outlook
The company said it is well positioned to benefit from opportunities across aircraft, helicopters, aero engines, avionics, and maintenance, repair and overhaul (MRO) projects. It added that the execution of ongoing programmes, along with expected orders for fighter aircraft, rotary-wing platforms, and upgrade projects, is likely to provide strong medium- to long-term revenue visibility.Last month, the company announced that it had signed a long-term agreement with Safran Aircraft Engines for the production and supply of turbine ring forgings made from superalloys for the ‘CFM LEAP’ engine programme.
Read more:Why a Rs 72,000 crore fund manager refuses to chase defence rally now
Under the agreement, HAL will manufacture near-net-shape ring forgings for the Leading Edge Aviation Propulsion (LEAP) engine at its state-of-the-art Ring Rolling facility at HAL’s Foundry and Forge Division in Bengaluru.
These superalloy ring forgings are used in high-temperature applications in the rotating section of the aero-engine and are critical to engine performance and reliability, the company said in a release.
HAL share price performance
HAL stock has gained nearly 20% in the last six months and about 10% since the beginning of the year. Over a three-year period, the stock price has risen more than 150%, while it has surged around 800% over the last five years.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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