 "HAL 2012-13 revenues up 2.25%")
Meanwhile, the profit before tax for FY 2012-13 stands at Rs 3,471 crore, a growth of 8.4 per cent compared with to Rs 3,200 crore in the previous year. The company has declared an interim dividend to the tune of Rs 823 crore, 683 per cent of equity base of Rs 120.50 crore for the financial year.
The defence major, which claims to be a technology-driven company, has continued its thrust on research and development (R&D), incurring Rs 1,749 crore, which is 12 per cent of its turnover. The company had filed for 32 patents in 2012-13 to reinforce and protect its intellectual property developed by it.
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The year saw HAL handing over the first weaponised Advanced Light Helicopter (ALH) 'Rudra' to the Indian Army, export of Cheetah helicopters to Surinam and a Dornier Do-228 light transport aircraft to Seychelles. At the same time, it saw the first flight of Jaguar Darin-III upgrade and LCA Naval prototypes. The last of the limited series production LCA took to the skies this year.
HAL is currently facing the challenge of adding capacity to handle future programmes like the 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). The LUH has gone past the design phase with successful realisation of the Ground Test Vehicle, MTA has entered the conceptual design phase and the FGFA will be entering the detail design stage, all encouraging signs for the future of aerospace in India.
It plans to enter the civil segment, which is forecast to have a promising growth. Separate operations are planned to handle civil segment, including suitable partnerships with private Indian industries and foreign operators, R K Tyagi, chairman, HAL, said.