HAL shares flat after Q1 results, brokerages remain positive
HAL reported standalone PAT of ₹1,580.61 crore in Q1FY27, against ₹4,184.28 crore in the March 2026 quarter and ₹1,377.15 crore in Q1FY26
Hindustan Aeronautics (HAL) shares remained flat at ₹4,972.90 on the NSE following a Q1FY27 profit and loss statement that surpassed estimates. Nomura maintained a buy rating on HAL with a target price of ₹6,314, citing strong EBITDA performance and a robust manufacturing pipeline. CLSA retained an outperform rating and target price of ₹5,481, pointing to HAL's engine and helicopter deliveries driving profit.
Citi kept a buy rating with a target of ₹5,550, noting HAL's Q1 PAT beat and revenue growth of 14% YoY. Kotak raised its target price to ₹5,305 and added the stock, highlighting steady execution and Tejas LCA approval. JP Morgan increased its target price to ₹5,733 and maintained an overweight rating, emphasizing a healthy profit outlook and the importance of LCA Mk1A delivery.
While HAL's five-year capex plan aims to expand manufacturing capacities, the brokerage identified risks such as delayed large platform orders and component deliveries.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
