HAL saw drop in profit in 2017-18 in comparison to last year but revenue rose by three per cent
NEW DELHI: Hindustan Aeronautics Limited (HAL) recorded a profit of Rs 2,070 crore in 2017-18, seven per cent less than the previous year, the government said on Monday.
In a written response in Rajya Sabha, Minister of State for Defence Shripad Naik said in 2016-17, HAL saw a revenue of Rs 17,950 crore from operations.
It rose by three per cent in 2017-18 to Rs 18,519 crore.
In 2016-17, HAL recorded profits to the tune to Rs 2,606 but it declined by seven per cent, registering a profit of Rs 2,070 crore.
