HAL

What Hindustan Aeronautics promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q4 FY26

what the last two calls moved 16 tracked 2 delivered 4 missed 10 open
  • Order Book delivered said Q4 FY24 Promised: Rs 1,20,000 crores by March 2025 Q4 FY26: Promise remains achieved. Order book has further grown to Rs 2,54,538 crores.
  • Revenue Growth missed said Q4 FY23 Promised: Double-digit from FY25, then 12-13%, stabilizing at 14-15% Q4 FY26: Achieved 7% growth in FY26, missing the revised 8-10% guidance. Double-digit growth target (10-12%) is now pushed to FY27.
  • 5-Year CAPEX revised down said Q4 FY24 Promised: Rs 14,000-15,000 crores over 5 years Q4 FY26: New guidance is to invest 'around INR12,000 crores... by 2030'. This represents a smaller amount over a longer timeframe than the original plan.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 16 tracked commitments for Hindustan Aeronautics — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens