Key Points of HAL Revenue FY 22-23 Report:
- Hindustan Aeronautics Limited (HAL) has reported its provisional and unaudited revenue figures for FY 2022-23.
- HAL has achieved its highest-ever revenue from operations, amounting to ₹26,500 crore, representing an 8% growth from the previous fiscal year’s revenue.
- Despite facing supply chain disruptions due to geopolitical situations, HAL was able to achieve its targeted growth in the top line through increased focus on indigenisation and inventory optimisation.
- HAL’s order book stood at around ₹82,000 crore at the end of March 2023 after the liquidation of supplies during the fiscal year.
- HAL secured fresh contracts worth around ₹26,000 crore, including manufacturing contracts for 70 HTT-40, 6 Do-228 Aircraft, and PSL V launch vehicles, and received fresh orders worth ₹16,600 crore for Return on Hourly (ROH) front.
- HAL’s cash flow has improved, with payments of around ₹25,000 crore received from various defence customers during FY 2022-23.
- HAL received an income tax refund of ₹1,798 crore, including interest of ₹542 crore, as a result of a favorable decision by the IT AT.
- HAL has paid an interim dividend of ₹40 per share and a final dividend of ₹10 per share for the financial year 2021-22, reflecting its impressive financial performance and growth in the aerospace industry.
Details of HAL Revenue FY 22-23 Report:
Hindustan Aeronautics Limited (HAL), a leading aerospace company in India, has announced its provisional and unaudited revenue figures for the financial year 2022-23. The company has registered its highest-ever revenue from operations, amounting to ₹26,500 crore. This represents an impressive 8% growth from the previous financial year’s revenue of ₹24,620 crore.
Despite facing supply chain disruptions due to geopolitical situations, HAL was able to achieve its targeted growth in the top line. This was made possible through increased focus on indigenisation and optimising available inventory, according to the company’s CMD, C B Ananthakrishnan.
HAL’s order book stood at around ₹82,000 crore at the end of March 2023, following the liquidation of supplies during the fiscal year. The company also secured fresh contracts worth around ₹26,000 crore, including manufacturing contracts for 70 HTT-40, 6 Do-228 Aircraft, and PSL V launch vehicles. Additionally, HAL received fresh orders to the tune of ₹16,600 crore for Return on Hourly (ROH) front.
The company’s cash flow has also improved, with payments of around ₹25,000 crore received from various defence customers during FY 2022-23. Furthermore, HAL received an income tax refund of ₹1,798 crore, including interest of ₹542 crore, as a result of a favorable decision by the IT AT.
In line with its impressive financial performance, HAL has paid an interim dividend of ₹40 per share during the current financial year, representing 400% on the face value of ₹10 per share. It has also paid a final dividend of ₹10 per share for the financial year 2021-22.
Overall, HAL’s latest financial results reflect its continued growth and success in the aerospace industry, despite facing challenges in the supply chain due to geopolitical situations. The company’s commitment to indigenisation and its focus on optimising available inventory have contributed to its impressive financial performance, making it a key player in India’s defence sector.
About HAL:
Headquartered in Bangalore, India, Hindustan Aeronautics Limited (HAL) is a public sector aerospace and defence company. With its establishment dating back to 23 December 1940, HAL is among the world’s oldest and largest manufacturers in the aerospace and defence industry.
For More Latest News Click Here
