Hindustan Aeronautics Share Price in Focus; Wins ₹1,800 Crore Order for 10 Dhruv NG Helicopters from Pawan Hans

Hindustan Aeronautics Ltd (HAL) announced that it has signed a contract with Pawan Hans Ltd for the supply of 10 Dhruv NG helicopters, along with associated spares and accessories. The estimated contract value exceeds ₹1,800 crore. The agreement was signed in Hyderabad, with deliveries scheduled to be completed by 2027. 

Pawan Hans, a Noida-based entity, awarded the order as a domestic contract. HAL disclosed that its promoter and promoter group entities have no interest in Pawan Hans, and the transaction does not fall under related party transactions.  

Nature of the Order 

The contract covers the supply of helicopters and related equipment, including spares and accessories.  

HAL classified the contract as domestic in nature, with execution expected over the next 2 years. The company stated that the estimated size of the order exceeds ₹1,800 crore, based on the broad consideration disclosed in regulatory filings.  

Financial Performance  

For the second quarter of the current financial year, HAL reported revenue of ₹6,629 crore, up 11% from the same period last year. Net profit increased 10.5% year-on-year to ₹1,669 crore. 

EBITDA declined 5% to ₹1,558 crore from ₹1,640 crore in the year-ago quarter. The EBITDA margin stood at 23.5% for the quarter, compared with 27.4% a year earlier. For the first half of the year, the margin was 24.8% lower than the company’s full-year guidance of 31%. 

Read More: HAL Aims to Raise Civil Aviation Revenue Share to 25% Over 10 Years!  

Hindustan Aeronautics (HAL) Share Price Performance  

As of January 30, 2026, 9:26 am, Hindustan Aeronautics Ltd (HAL) share price was trading at ₹4,557.40, a 0.95% down from the previous closing price 

Conclusion 

The Pawan Hans contract adds to HAL’s domestic helicopter order book, with execution planned through 2027, while recent quarterly results showed revenue growth alongside lower operating margins. 

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