LCA Mk1A delivery delays
Deliveries delayed beyond September 2026 due to software issues and GE engine supply constraints; risk of spillover into FY28.
high · analyst_questionHindustan Aeronautics Limited — Q4 FY26
HAL reported FY26 revenue of INR 33,050 crore (+7% YoY) and EBITDA of INR 13,472 crore (+11% YoY), with EBITDA margin steady at 30%.
neutral
medium
✓ Verified against BSE filing
Risk Intelligence
Material risks this quarter
Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.
Risks
Global supply chain disruptions
Slowness in supply from tier-1 and tier-2 vendors, including GE and Honeywell, impacting engine and component availability.
medium · management_commentaryExecution risk on multiple programs
Parallel execution of LCA, HTT-40, LCH, Su-30, and new programs may strain resources and timelines.
medium · analyst_questionDependence on government approvals
Key orders like Su-30 upgrade and AMCA participation await CCS approval, creating uncertainty.
medium · management_commentary