Hindustan Aeronautics Ltd (HAL) reported a in its for FY25, reaching , compared to in the same period last year. The company’s grew to , driven by strong demand from the and execution of its .

Shares of gained nearly on February 13 after the defence PSU posted a to . Revenue increased to , supported by strong execution of defence orders. However, some brokerages trimmed their target prices despite maintaining a positive outlook on HAL’s long-term growth.

Morgan Stanley retained its stance on HAL, but . The brokerage remains confident about the company’s growth trajectory, citing . It expects orders worth in the coming quarters, driven by demand for .

Analysts believe HAL is well-positioned for due to the Indian government’s focus on defence indigenization. The company recently secured a , adding to its robust order book. HAL is also gearing up for the rollout of its from its Nashik facility by the end of FY25.

Despite the strong Q3 earnings, HAL’s stock has been under pressure in recent months. The stock but remains a multibagger, having surged 200 per cent over two years. Some analysts point to valuation concerns as a reason for the target price revisions, as HAL’s market capitalization now stands at Rs 2,40,501 crore.

While near-term stock volatility may persist, HAL’s robust defence pipeline, consistent order inflows, and government support are expected to drive long-term growth. Investors will be watching for further orders and execution updates, with the defence sector remaining a key growth driver for the company.