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

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