State-run aerospace major Hindustan Aeronautics Limited (HAL) has recorded an all-time high turnover of Rs 19,705 crore with a growth of 7.8 per cent in 2018-19, the company said in a statement Monday.
HAL’s Profit After Tax (PAT) for the fiscal year 2018-19 was at Rs 2,282 crore and crossed the 14.8 per cent mark of Rs 1,987 crore in the corresponding previous year. An interim dividend of Rs 662 crore has already been paid by the company for the year 2018-19, it said.
The company was in the news a little earlier as the aerospace major was forced to borrow Rs 1,000 crore to pay salaries to its employees for the first time in years.
This also led to a political slug fest between the BJP and Congress with the latter alleging that the Centre denied HAL an off-set contract for 36 fighter jets.
HAL expects fresh orders for Light Combat Aircraft and Light Combat Helicopters in the current financial year, the statement read.
The Order Book Position of the company as on March 31, 2019, was at Rs 58,000 crore.
HAL (standalone) reported an all-time high turnover of Rs 19,705 crore, marking a growth of 7.8 per cent for FY 2018-19 over the turnover of Rs 18,284 crore in the corresponding previous year. The audited results of the Company have been verified HAL’s Board of Directors at its meeting, the statement added.
