New Delhi, May 14 -- State-owned defence manufacturing firm Hindustan Aeronautics Limited has reported about an 8 per cent drop in consolidated net profits in the January-March 2025 quarter.

HAL's earnings results released on Wednesday showed that the company's net profits fell from Rs 4,309 crore to Rs 3,977 crore from the year-ago quarter. According to a report by Reuters, the net profit drop was weighed down by a delay in the supply of its Tejas light combat aircraft.

However, HAL's shares were 4 per cent higher at the time of filing this report. HAL shares have risen by over 1,700 per cent over the past five years, reflecting investors' interest in this critical sector.

On the contrary, net profits rose from Rs 7,620 crore to Rs 8,...