HAL Shows Growth in Nine Month Period (F.Y. 2018-19)
Deepthi | Myequity news | Date : 12-02-2019 16:20:00 IST
The financial results of Hindustan Aeronautics Ltd. approved at its Board Meeting held yesterday in Delhi for the nine month period ended December 31, 2018 has shown growth as compared to corresponding period ending 31st Dec 2017.
The HAL revenue and profits before tax up to third quarter ended December 2018 (April-December 2018) have registered an increase of 3% and 13% respectively, compared to corresponding period ended December 2017.
The Company is working towards streamlining the production uniformly so as to even out seasonality of business leading to bunching of revenue and profits during the 3rd and 4th quarter of the financial year, This has resulted in uniform flow of revenue and profits in the first three qLlarters of the current financial year 201 8-1 9, as compared to the previous period of 2017-18.