September 08, 2008

HAL 2007-08 net profit up by 27% YoY to INR 1,500 crore

Hindustan Aeronautics Limited has posted a 27% YoY increase in net profit to around INR 1,500 crore in 2007-08 while, revenues rose by 11% YoY to INR 8,350 crore.

HAL said that the robust financial growth could be attributed to rise in the production of Su 30, Jaguar, aero engines etc. It had received orders worth INR 23,315 crore including orders for 159 advanced light helicopters during 200-08. The total order book of HAL today stands at INR 45,100 crore.

HAL is planning a capital expenditure of INR 600 crore in 2008-09, while the figure in 2007-08 was INR 450 crore.