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Hindustan Aeronautics sales up 19 percent in 2008-09
Thursday, 02 April 2009, 14:51 IST |
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Bangalore: State-run defence behemoth Hindustan Aeronautics Ltd (HAL) posted a turnover of 
10,260 crore in 2008-09, registering a 19 percent increase year-on-year from 8,625 crore, the company said Wednesday.
"With this record performance, we have met the memorandum of understanding (MoU) parameters signed with the defence ministry," the company said in a statement.
According to the provisional financial results, HAL posted 2,260 crore as profit before tax (PBT) as against 2,164 crore a year ago, a marginal increase of 4.4 percent amounting to 960 million (96 crore).
The aerospace major, being a state-run enterprise, will declare its net profit for the fiscal under review by September when it has to present the accounts to parliament for approval.
Net profit for 2007-08 was 1,632 crore.
"The PBT is 22 percent of the turnover, which is impressive vis-?-vis that of similar aerospace firms the worldover," the statement noted.
HAL has already paid an interim dividend of 300 crore - the highest-ever - for 2008-09, which is a whopping 249 percent of the paid-up capital.
"The company's order book position for the new fiscal (2009-10) stands at 600 billion ( 60,000 crore) despite global recession," the statement added.
Source: IANS
10,260 crore in 2008-09, registering a 19 percent increase year-on-year from 8,625 crore, the company said Wednesday.
"With this record performance, we have met the memorandum of understanding (MoU) parameters signed with the defence ministry," the company said in a statement.
According to the provisional financial results, HAL posted 2,260 crore as profit before tax (PBT) as against 2,164 crore a year ago, a marginal increase of 4.4 percent amounting to 960 million (96 crore).
The aerospace major, being a state-run enterprise, will declare its net profit for the fiscal under review by September when it has to present the accounts to parliament for approval.
Net profit for 2007-08 was 1,632 crore.
"The PBT is 22 percent of the turnover, which is impressive vis-?-vis that of similar aerospace firms the worldover," the statement noted.
HAL has already paid an interim dividend of 300 crore - the highest-ever - for 2008-09, which is a whopping 249 percent of the paid-up capital.
"The company's order book position for the new fiscal (2009-10) stands at 600 billion ( 60,000 crore) despite global recession," the statement added.
Source: IANS