HAL registers highest ever Revenue of Rs.26,500 Crores

Newsroom24x7 Network

Bengaluru: HAL has registered highest-ever revenue from operations of around Rs. 26,500 Crores for the Financial Year 2022-23 as against Rs. 24,620 for the previous financial ycar.

The Company has recorded a revenue growth of 8% during the year as compared to the previous year, 2021-22.

“Despite the challenges of supply chain disnuptions due to geo-political situations, the Company could achieve the targeted growth in the top line. This was possible with the increased thrust on indigenization and with the available inventory,” said Mr. C. B Ananthakrishnan, CMD, HAL He further added that the order book of the Company stood at around Rs. 82,000 Crores at the end of March 2023 after liquidation of the supplies during 2022-23. During the year, fresh contracts of around Rs.26,000 Crores were received that includes manufacturing contracts for 70 HTT-40, 6 Do-228 Aircraft and PSLV launch vehicles. In addition, on ROH front, fresh order to the tune of Rs.16,600 Crores was received during the year.

The cash flow of the Company has improved substantially with payments of around Rs. 25,000 Crores received from the various Defence Customers during FY 2022-23.

During the year, the income tax refund of Rs.1, 798 Crores, including interest of Rs. $42 Crores has been received consequent to the favorable decision of the ITAT. This will clear all the old outstanding tax litigation with the Income tax Department.

Considering the performance, the Company has paid an interim dividend of Rs. 40 per share during the current financial year representing 400% on the face value of Rs. 10 per share. The Company has also paid a final dividend of Rs. 10 per share for the financial year 2021-22. The Company has maintained the growth momentum and has achieved an all-round improved


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