HAL achieves highest turnover of Rs 19,705 Cr in FY'19
The defence PSU Hindustan Aeronautics Limited (HAL) profits on a standalone basis are up 13.09 per cent at Rs 1,177.29 crore for the fourth quarter (Q4) of FY 2018-19
Bengaluru: Hindustan Aeronautics Limited
(HAL) on a standalone basis, achieved an all-time high turnover of Rs. 19,705 crores, registering a growth of 7.8% for FY 2018-19 over the turnover of Rs 18,284 crores in the corresponding previous year. The audited results of the Company were approved by HAL’s Board of Directors at its meeting held here today.
HAL’s Profit After Tax (PAT) for the FY 2018-19 stood at Rs. 2,282 crores, an increase of 14.8 percent over Rs. 1,987 crores in the corresponding previous year. An interim dividend of Rs. 662 crores have already been paid by HAL for the year 2018-19.
The Order Book Position of the Company as on March 31, 2019, was at Rs. 58,000 crores. HAL
expects fresh orders for Light Combat Aircraft and Light Combat Helicopters in the current financial year.
Hindustan Aeronautics Limited (HAL)
Hindustan Aeronautics Limited (HAL) is an Indian state-owned aerospace and defence company headquartered in Bangalore, India. It is governed under the management of the Indian Ministry of Defence.
The government-owned corporation is primarily involved in the operations of the aerospace and is currently involved in the design, fabrication and assembly of aircraft, jet engines, helicopters and their spare parts. It has several facilities spread across India including Nasik, Korwa, Kanpur, Koraput, Lucknow, Bangalore, Hyderabad and Kasaragod. The HAL HF-24 Marut fighter-bomber was the first fighter aircraft made in India.