The HAL share price increased by as much as 4.30% on the NSE today. It recorded an intraday high of ₹4,163 per share. The stock witnessed significant trading activity today.
The rise in HAL share price followed positive news reports. These reports indicated a key delivery from Ohio-based GE Aerospace. The US-based company delivered the first F404-IN20 engine. This engine is for the Tejas Light Combat Aircraft Mk 1A Fighter Jet.
The F404-IN20 engine is the highest thrust variant in the F404 family. It is produced by GE Aerospace. This engine generates a maximum thrust of 19,000 lbf (85 kN) with afterburner. It incorporates advanced materials and technologies. The engine also features a FADEC system. This ensures reliable power and performance.
As per news reports, GE Aerospace is expected to deliver two engines per month. This should help HAL meet its delivery schedule. HAL aims to deliver 16 aircraft to the IAF.
Antique Broking reportedly suggested the engine deal could boost HAL’s earnings estimates. This is projected for FY26/27.
HAL’s consolidated profit rose by 14.2% year-on-year in Q3FY25. It reached ₹1,439.8 crore, up from ₹1,261.4 crore. Revenue also surged by 14.8% year-on-year. It reached ₹6,957.3 crore, up from ₹6,061.3 crore. At the operating level, EBITDA climbed by 15.9% year-on-year. It reached ₹1,405.7 crore. EBITDA margin also expanded to 20.2%.
It is India’s largest aerospace and defence company. It was established in 1940 and is headquartered in Bangalore. It manufactures aircraft, helicopters, and their associated components. It operates under the Ministry of Defence and also manufactures crucial satellite structures.
It is renowned for notable products like the Dhruv helicopter and the Tejas aircraft.
At 3.30 PM, the HAL share price closed at ₹4,135.70.
HAL’s share price surged due to the delivery of a key engine for the Tejas aircraft. Investors are optimistic about the company’s future growth. This is driven by strong financials and defence sector orders.
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Published on: Mar 26, 2025, 5:23 PM IST
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