Hindustan Aeronautics records turnover in excess of Rs 21,100 cr

Hindustan Aeronautics recorded a turnover of over Rs. 21,100 crores (provisional and unaudited) for the financial year ended on 31 March 2020 (corresponding figure for the previous year was Rs. 19,705 crores). The Company has posted a revenue growth of around 7% during 2019-20 for the second year consecutively, post listing as compared to 3.8% during 2017-18.

The encouraging performance of the company in 2019-20 has been achieved inspite of difficulties in cash flows, interruptions in operations due to workmen agitation and the interruption arising in the month of March 2020 due to COVID 19 lockdown which has affected the final tests and certification of certain additional aircraft that were under final stages of production.

This sustenance in financial performance during current financial year is in wake of production of 31 new aircraft / helicopters and 117 new engines and overhaul of 199 aircraft / helicopters and 490 engines

HAL has managed to sustain the growth rate and turnover in the current circumstances due to uniform production and project execution measures put in place by the company.

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