Hindustan Aeronautics registers highest ever revenue of Rs 26,500 crore in FY 2022-23

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 PSL V launch vehicles. In addition, on ROH front fresh order to the tune of Rs. 16,600 Crores was received during the year.

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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 IT AT. This will clear all the old outstanding tax litigation with the Income tax Department.

The stock closed the financial year 2022-23 with strong gains of 75 percent and is now flat on the first trading day of the new financial year 2023-24.

Also read: Defence PSU Bharat Electronics achieved a record turnover of Rs. 17,300 Crore