Bangalore, March 31 (Inditop.com) State-run Hindustan Aeronautics Ltd (HAL) earned Rs.11,415 crore in sales this fiscal (2009-10), registering a 10 percent growth over the last financial year at Rs.10,373 crore, the company said Wednesday.
According to provisional figures released here, the defence behemoth posted Rs.2,617 crore in profit before tax as against Rs.2,335 crore last fiscal, a growth of 12 percent year-on-year (YoY).
Though gross profit has modestly improved by 12 percent this fiscal as against 7.9 percent last fiscal, sales have declined to 10 percent from 20 percent last fiscal.
Net profit for the fiscal will be declared when the accounts are audited by Sept 2010.
Net profit was Rs.1,740 crore last fiscal.
“The order book has touched Rs.12,000 crore with new bids for domestic and export projects. An interim dividend of Rs.300 crore has been declared for the fiscal under review,” the Navaratna company said in a statement here.
We have also inducted a new military variant of the Advanced Light Helicopter (ALH Mk III), with an indigenous Shakti engine for the Indian Air Force (IAF) and Indian Army for high altitude operations,” a HAL official said.
The armed variant (ALH Mk-IV) of the ALH is undergoing weapons trials.
The company is in the process of designing and developing a light utility helicopter (LUH) in the two-six tonne category.
In the fixed wing category, the company received follow-on order valued at Rs.6,180 crore for the Intermediary Jet Trainer (IJT) from the IAF. Its prototypes are integrated with the new Russian engine AL-551.
During the year, HAL also secured an order valued at Rs.3,100 crore from the IAF to upgrade its Jaguar fleet.
“Plans are underway to develop a new basic turboprop trainer to replace the ageing HPT-32 aircraft with the services,” the company added.
