Business Standard

Star PSU: HAL's productivity gains, overhaul business driving growth

Productivity gains and the overhaul business are driving growth. HAL is also tapping into opportunities in civil aviation

C B Ananthakrishnan
Premium

C B Ananthakrishnan, Chairman and Managing Director, HAL

Aneesh Phadnis

Listen to This Article

When the Covid-19 pandemic struck in 2020, Hindustan Aeronautics (HAL), like most other organisations, took a few hard knocks. Production paused for a month owing to the nationwide lockdown. Supply-chain snags were another concern.

India’s largest defence state-run enterprise nevertheless clocked Rs 22,882 crore in revenue from operations in 2020-21 (FY21), a growth of 6.6 per cent over the preceding year. A year later, while revenue from operations, at Rs 24,620 crore (up 7.6 per cent year on year), was HAL’s best performance to date, consolidated net profit for FY22 was Rs 5,087 crore, up 56.5 per cent from Rs

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 31 2023 | 6:05 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com