Latest news with #GE404
Mint
11-08-2025
- Business
- Mint
HAL Q1 Results 2025 Preview: Defence PSU may post 10% rise in PAT, 14% YoY revenue growth; Tejas Mk1a deliveries eyed
Hindustan Aeronautics Ltd (HAL), the state-run defence company is set to announce its Q1 results on Tuesday. The meeting of the board of directors of HAL is scheduled on August 12 to consider and approve the financial results for the first quarter of FY26. HAL share price traded higher on Monday ahead of the announcement of the Q1 results 2025. HAL shares gained as much as 2.4% to an intraday high of ₹ 4,546.55 apiece on the BSE. The defence PSU is expected to report decent earnings growth, with revenue rising on the back of execution of the healthy order book, and margin expansion led by easing of supply chain issues. Hindustan Aeronautics is expected to report a 10% net profit growth at ₹ 1,579 crore in the June quarter as compared to a net profit of ₹ 1,435.6 crore in the corresponding quarter of previous fiscal year, according to Livemint poll of three brokerages. The company's revenue in Q1FY26 is estimated to grow 14% to ₹ 4,956 crore from ₹ 4,347.6 crore, year-on-year (YoY), led by the execution of the healthy order book of ₹ 1.8 lakh crore. Order inflows during the quarter are estimated to rise 17.8% to ₹ 5,300 crore from ₹ 4,500 crore, YoY. 'We expect healthy topline growth, underpinned by steady execution against a robust ₹ 1.8 trillion order book. Margins are likely to expand progressively, aided by increasing indigenization and easing supply chain bottlenecks. That said, we remain watchful of execution risks, particularly the adherence to Tejas Mk1 delivery timelines and the timely receipt of additional GE 404 engines,' said Krishna Doshi, Defence Analyst at Ashika Institutional Equities. At the operational level, brokerage firm Nomura expects EBITDA to increase 11.4% to ₹ 1,107 crore from ₹ 993.8 crore, YoY, EBITDA margin to remain flat YoY. It expects other income to grow 18% YoY and depreciation expenses to remain flat. Motilal Oswal Financial Services (MOFSL) expects HAL's Q1 revenue growth of 21% YoY, driven by a healthy execution of the opening order book of ₹ 1.8 lakh crore. It expects EBITDA margin to expand by 120 basis points (bp YoY, aided by increased indigenization and easing of supply chain issues. 'The execution of huge backlog, incremental inflows, and comfortable margin levels will be the key focus areas. Key monitorables include the status of Tejas Mk1a deliveries and Su-30 avionics upgrade project, any major deviation in provisions created, and the working capital cycle,' MOFSL said The brokerage firm has a 'Buy' rating on HAL shares and increased its target price slightly to ₹ 5,750 per share. Hindustan Aeronautics share price formed a mother bar with a high of ₹ 5,165 and low of ₹ 4,420 on the week of May 12, 2025, noted Anshul Jain, Head of Research at Lakshmishree. 'For the past 12 weeks, HAL share price has traded largely within this range, creating a mini coil pattern, reflecting indecision and compression in price action. A failure by bears to sustain below ₹ 4,420 will likely trigger short covering, propelling the stock toward the mother bar high of ₹ 5,165. Conversely, a decisive breakdown below ₹ 4,380 will open the door for a deeper decline toward the ₹ 4,000 zone,' Jain said. According to him, the current pattern demands close monitoring for directional clarity. HAL share price has fallen 8% in one month, but has rallied 22% in the past six months. The PSU defence stock has risen 7% on a year-to-date (YTD) basis, while it has jumped 135% in two years. HAL share price has delivered multibagger returns of 775% over the past five years. At 3:15 PM, HAL share price was trading 0.11% higher at ₹ 4,444.90 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
01-07-2025
- Business
- Time of India
Rajnath Singh, US counterpart Pete Hegseth hold discussions on GE404 Engines, F414 Tech, Apache attack helicopters
Defence minister Rajnath Singh spoke to his US counterpart Pete Hegseth on Tuesday and discussed expedited delivery of GE404 engines , early culmination of negotiations for F414 technology transfer and delivery of Apache attack helicopters . The two leaders - who spoke for the third time over phone this year - also discussed long-term cooperation in the defence sector and expanding industry collaboration, said officials. "They agreed to further build upon the momentum of this critical and mutually beneficial partnership across all its pillars such as interoperability, integration of defence industrial supply chains, logistics sharing, increased joint military exercises and cooperation with other like-minded partners," said one of the officials. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like War Thunder - Register now for free and play against over 75 Million real Players War Thunder Play Now Undo The defence minister appreciated the unwavering support extended by the US to India in its fight against terrorism, officials said. Singh also spoke on Operation Sindoor and said that India's actions were measured, non-escalatory and focused on disabling terrorist infrastructure.
