HAL registers 32 pc growth in the second quarterÂ
Bengaluru/UNI: 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.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
