HAL records highest turnover, says CMD
Despite challenges, Hindustan Aeronautics Limited (HAL) has achieved significant growth in revenue and profits, a top company executive said on Saturday. “We have recorded the highest ever turnover of ~182.83 billion in FY18, compared to the previous year’s turnover of ~176.03 billion,” CMD R Madhavan said in a statement here. HAL had, on Friday, held its 55th Annual General Body Meeting of Shareholders, the first after its listing.
Profit Before Tax for the year was ~33.22 billion as against ~35.82 billion in the previous year, Madhavan said adding the profit after tax (PAT) for the year was ~20.70 billion. HAL produced 40 aircraft and helicopters covering Su-30 MKI, LCA Tejas & Dornier Do-228 in fixed wing and ALH Dhruv and Cheetal Helicopters in rotary wing, Madhavan noted. In addition, HAL produced 105 new engines, overhauled 220 aircraft, helicopters and 550 engines, he said.
Also, as many as 146 new aero-structures for space programs were produced during the period, he added.