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HAL registers 32 pc growth in the second quarter
Business

HAL registers 32 pc growth in the second quarter

Agency News

Bengaluru, Nov 13 : Aviation major HAL has posted a strong financial performance registering a growth of 32 per cent on revenue from operations of Rs 3451 Crore for the quarter ended September 2019 as against Rs 2610 Crores earned during the same period last year.

The Profit After Tax (PAT) has also registered a growth of 116 per cent with Rs 624 Crores for the quarter ended September 2019 as compared to Rs 289 Crore for the quarter ended September 2018 primarily due to reduction in the Income Tax rates and re-measuring of its deferred tax liabilities, according to a HAL release here on Wednesday.

HAL is confident of maintaining the similar growth rate in revenue and profit for the current financial year as in previous year 2018-19. (UNI)