Hindustan Aeronautics Limited (HAL) achieved an “all-time high turnover” of INR197.05 billion (USD2.83 billion) in fiscal year (FY) 2018–19, registering year-on-year growth of 7.8%, the state-owned Indian company has announced.
HAL said in a press release that its audited results for FY 2018–19 – approved by shareholders on 11 June – also showed a 14.8% increase in profit after tax, which climbed to INR22.83 billion.
HAL added that its orderbook position as of 31 March stood at INR580 billion. The company added that in FY 2019–20 it expects the orderbook to be bolstered by fresh orders from the Indian government for its Tejas Light Combat Aircraft (LCA) and its Light Combat Helicopter (LCH).
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