Further delays in LCA Mk1A deliveries
LCA Mk1A deliveries have been delayed multiple times; management now targets start by September 2026, but risks remain due to software issues and engine supply constraints.
high · analyst_questionHindustan Aeronautics Limited — Q4 FY26
HAL reported FY26 revenue of ₹33,150 crore (+7% YoY), with EBITDA of ₹13,472 crore (+11% YoY) and margins steady at 30%.
neutral
medium
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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
Supply chain issues have impacted engine supplies from GE and Honeywell, causing delays in LCA and HTT40 programs. Management noted slowness but expects resolution.
medium · management_commentaryExecution risk on multiple concurrent programs
HAL is executing several large programs (LCA Mk1A, HTT40, Su-30MKI upgrade, LCH) simultaneously, which could strain resources and lead to delays.
medium · data_observation