Fri Apr 11 04:20:00 UTC 2025: ## HAL’s Profits Soar, Cementing its Position as India’s Leading Aerospace and Drone Manufacturer
**Bengaluru, India** – Hindustan Aeronautics Limited (HAL), India’s largest defense equipment manufacturer and supplier, reported a significant increase in profits for fiscal year 2024 (FY24). The company, boasting a market capitalization exceeding ₹2.63 lakh crore, announced a profit of ₹7621 crore, a 30.77% jump from ₹5828 crore in FY23.
Founded in 1940 as Hindustan Aircraft Limited by Walchand Hirachand of the Walchand Group in collaboration with the Mysore Kingdom’s Krishnaraja Wadiyar IV, HAL has a rich history. Initially manufacturing aircraft for the Indian Air Force, including the Harlow PC-5, Curtis P-36 Hawk, and Vultee A-31 Vengeance, the company transitioned to government ownership after India’s independence.
Today, HAL is not only the country’s leading aerospace company, producing helicopters and aero-engines, but also the largest drone manufacturer in India by market capitalization. Its drone portfolio includes the ALFA-S and CATS Warrior, with further expansion planned through a partnership between its subsidiary, Naini Aerospace Engineering, and Garuda Aerospace to develop advanced precision drones. This latest financial success further solidifies HAL’s dominant position in the Indian defense and aerospace sectors.
First Piper 