BANGALORE, Apr 1: Defence major HAL today reported a turnover of Rs 14,316 crore for the financial year 2012-13, with a profit before tax of Rs 3,471 crore.
Announcing the provisional figures here, the company declared an interim dividend to the tune of Rs 823 crore, 683 per cent of equity base of Rs 120.50 crore.
The company said its performance is expected to earn it the ‘excellent’ score under the MoU with Government of India for the year.
HAL Chairman R K Tyagi said the company’s return on shareholders’ investment “is impressive, comparable to some of the best companies anywhere”.
The company continues its thrust on R&D, spending Rs 1,749 crore, 12 per cent of its turnover. HAL filed a record 32 patents in 2012-13 to reinforce and protect its intellectual property developed at large investment, it said in a statement.
HAL said it plans to foray into civil segment and separate operations are planned to handle civil segment, including suitable partnerships with private Indian industries and foreign operators.
The company also planned to add capacity to handle the future programmes like Medium Multi-Role Combat Aircraft (MMRCA), Fifth Generation Fighter Aircraft (FGFA), Multi-role Transport Aircraft (MTA), Light Combat Helicopter (LCH) and Light Utility Helicopter (LUH), it said. (PTI)
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