Hindustan Aeronautics hits record high on highest-ever revenue in FY22
Shares of Hindustan Aeronautics (HAL) had hit a record high of Rs 1,592.35, up 4 per cent on the BSE in Monday’s intra-day trade. The stock gained 7 per cent in two trading sessions after the company recorded highest ever revenue of over Rs 24,000 crores (provisional and unaudited) for the financial year 2021-22 (FY22) versus Rs 22,755 crore in FY21, registering 6 per cent year-on-year (YoY) growth.
The FY22 record-revenue was led by production of 44 new helicopters/aircraft, 84 new engines, overhauling 203 aircraft / helicopters and 478 engines.
Recently, HAL bagged a contract for production of 15 Light Combat Helicopters (LCH), 10 for IAF and five for the Indian Army at Rs 3,887 crore along with Infrastructure sanctions worth Rs 377 crore.
