Politics

Good Time for Indian Companies! HAL made profit of Rs 7,334 crore in last four years

Presenting a record of excellence in every possible sector in the past 4 years of Namo Government, the top most industries and institutions in India have made an out of the box record that failed to happen before the year 2014. Each passing day declares a new height of achievement to be witnessed.

As per the successful records of the Maharashtra Government presented in Lok Sabha, the aerospace behemoth Hindustan Aeronautics Limited NSE -0.89 % (HAL) has made a profit of Rs 7,334 crore in the last four years.

According to sources provided, the company has generated a net revenue of Rs 58,651 crore between the financial year 2015-16 and September last year. It gained a overall profit of Rs 650 Crore. Keeping apart the allegations made by the opposition and its president Mr. Rahul Gandhi, the company has clearly denied each of them and set up a record with its success in the past 4 years.

The year-wise data on profit and net revenue of the HAL was presented to Lok Sabha by Minister of State for Defence Subhash Bhamre while replying to a question. He said the HAL made a profit of Rs 1,998 crore in 2015-16 while the amount in 2016-17 was Rs 2,616 crore and Rs 2,070 crore in 2017-18.

Overcoming all that added controversy created by the Congress against the running Government and its control on the HAL working, this record has widely shut every mouth pointing at the Rafale deal. HAL has maintained a pretty good scale of profit increasing with each financial year and contributing towards the defence sector of India.

According to the data provided by Minister of State for Defence, the HAL’s net revenue from operations in 2015-16 was Rs 16,758 crore while the amount rose to Rs 17,950 crore in 2016-17 and Rs 18,519 crore in 2017-18.In the current financial year (up to September), the company generated Rs 5,424 crore as net revenue from its operations.

Source: Defencenews.in

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