Not financially since the helicopter, trainer and LCA orders are firm. But they have to adjust to the political shift of the NDA government, that at least appears to favour private Indian industry, so HAL needs to be more competitive for the future. Outsourcing production part is one of the obvious goals, selling shares of the company (around 10%) to be less dependent on government funding, is another one and there are long term goals to expand in other areas of the aviation field as well.
However, they got several blows in the last few years too, the failure of IJT, MTA cancellation, Avro replacement shifted to private industry and the delays of FGFA, which now threatens the MKI production facilities, that initially was meant to directly switch to FGFA.
But at the end of the day, they will remain under government control and dependent on them.