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HAL logs life high turnover of Rs 19,705 crore in FY19; profit up 15%

The company's order book position as on March 31, 2019, was Rs 58,000 crore

HAL
HAL sees its future revenue stream mainly in the Tejas Light Combat Aircraft and the eponymous Light Combat Helicopter

Public sector aerospace major Hindustan Aeronautics Ltd (HAL) has achieved an all-time record turnover of Rs 19,705 crore, according to the company’s audited results that its Board of Directors approved on Monday.  HAL announced it registered a turnover growth of 7.8 per cent for financial year 2018-19 from Rs 18,284 crore in the corresponding period of the previous year. The company logged a profit after tax of Rs 2,282 crore, a healthy 14.8 per cent rise over the preceding year’s profit of Rs 1,987 crore. HAL has already paid an interim dividend of Rs 662 ...