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The Economic Times
The Economic Times
Business
Debaroti Adhikary

HAL shares gain 2% after Q1 earnings beat estimates. Nomura, other brokerages hike target price

Shares of Hindustan Aeronautics (HAL) gained 2% to Rs 5,044 on the BSE on Thursday after multiple brokerages hiked target prices for the defence major after it reported a 15% year-on-year (YoY) increase in its consolidated net profit to Rs 1,590 crore for the April-June quarter of FY27, compared with Rs 1,384 crore in the corresponding period last year.

On Wednesday, HAL reported a 14% YoY increase in revenue from operations to Rs 5,515 crore during the first quarter of FY27, from Rs 4,819 crore in the corresponding quarter of FY26. The PSU’s total income rose over 15% YoY to Rs 6,415 crore, while total expenses also increased more than 15% YoY to Rs 4,263 crore during the quarter under review.

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