HAL registered highest-ever revenue from operations of around Rs. 26,500 Crores
(provisional and unaudited) for the Financial Year 2022-23 as against Rs.
24,620 for the previous financial year. The Company recorded a revenue growth
of 8% during the year as compared to the previous year, 2021-22.
"Despite the challenges of supply
chain disruptions due to geo-political situations, the Company could achieve
the targeted growth in the top line. This was possible with the increased
thrust on indigenisation and with the available inventory," stated 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 which includes manufacturing contracts
for 70 HTT-40, 6 Do-228 aircraft and PSLV launch vehicles. In addition, on the
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. 542 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.
