HAL Q3 Profit Jumps 30% to ₹1,867 Cr, ₹35 Dividend — Is Defence PSU Rally Restarting??

Hindustan Aeronautics Limited (HAL) posted a strong Q3 FY26 earnings surprise, with net profit soaring 30% YoY to ₹1,867 crore, alongside a ₹35/share interim dividend. Shares reacted positively, trading near ₹4,135–4,140 immediately after the results, lifting sentiment across defence PSU stocks, including Bharat Electronics (BEL) and Bharat Dynamics (BDL).

With robust revenue growth, stable margins, and strong execution momentum, HAL’s Q3 results provide a high-conviction setup for swing and positional traders while reinforcing the defence capex growth theme across the sector.

HAL Q3 FY26 Financial Scorecard

What Drove HAL’s Earnings Surge?

1) Higher Defence Deliveries
Strong execution of aircraft and helicopter contracts drove topline growth, reflecting timely government orders and efficient project deliveries.

2) Stable Margins + Cost Control
EBITDA margin held at 24.3%, showing operational efficiency even amid rising execution scale and inflationary pressures.

3) Strong Order Book Visibility
Multi-year revenue visibility remains high, underpinned by ongoing defence capex and order inflows.

Dividend Trigger: ₹35 Per Share

HAL’s ₹35 interim dividend signals:

• Strong cash generation and management confidence

• PSU dividend yield attractiveness (~0.85%)

• Institutional interest for income-oriented positional trades

Record Date: Feb 18, 2026
Payable By: Mar 14, 2026

HAL Share Price Reaction & Technical Setup

• Immediate Support: ₹4,000–₹4,030

• Breakout Trigger: Sustained close above ₹4,220

• Upside Targets: ₹4,380 → ₹4,600

• Trend Bias: Bullish above ₹4,000

Trading Note: Strong earnings, dividend, and sector momentum favor positional long trades. Dips near support may attract institutional accumulation.

Sector Implications

HAL’s Q3 strength reignites momentum across defence PSUs:

• Bharat Electronics (BEL)

• Bharat Dynamics (BDL)

• Mazagon Dock

• Cochin Shipyard

Sector Trigger: HAL validates government capex and defence manufacturing themes, making it a key momentum trade window for 2–4 weeks.

Quantitative Market Signals

• Near-term volume surge: 18–25%

• Open interest buildup potential: 12–18%

• Defence sector momentum window: 2–4 weeks

 Strategic Trader Insight

“HAL’s Q3 earnings surprise combined with a ₹35 dividend creates a high-probability momentum + yield trade setup. Sustained trade above key breakout levels can trigger fresh positional buying, while dips are likely to attract strong institutional accumulation in the near term.”

Final Take

HAL’s 30% profit surge, higher-than-expected dividend payout, and execution consistency reinforce its status as one of the strongest fundamentally and technically positioned defence PSUs in the market today.

Bias: Bullish
Trend: Strong
Sector Impact: High
Trader Utility: Excellent

This represents a high-conviction earnings, dividend, and sector momentum setup, ideally suited for both swing traders and medium-term investors.

FAQs

Q1. How much profit did HAL report in Q3 FY26?
HAL posted a 30% YoY jump in profit to ₹1,867 crore.

Q2. What dividend did HAL declare?
HAL declared a ₹35 per share interim dividend.

Q3. What is the revenue growth?
Revenue rose 11% YoY to ₹7,699 crore.

Q4. What is the outlook for HAL stock?
Technical and fundamental indicators suggest bullish momentum above ₹4,000.