HAL posts over Rs 21,100 crore turnover in 2019-20

The Hindustan Aeronautics Limited recorded a turnover of over Rs 21,100 crore (provisional and unaudited) for the financial year ended on March 31, 2020, up from the previous years figure of Rs19,705 crore. “The company has posted a revenue growth of around seven per cent during 2019-20 for the second year consecutively, post listing as compared to 3.8 per cent during 2017-18,” the Bengaluru-headquartered defence PSU said in a statement.

The encouraging performance of the company in 2019-20 has been achieved despite difficulties in cash flows, interruptions in operations due to workmen agitation, and March 2020 due to COVID-19 lockdown which has affected the final tests and certification of certain additional aircraft that were under final stages of production, it said.