India’s HAL posts mixed performance in FY 2017/18

India’s Hindustan Aeronautics Limited (HAL) registered record turnover in fiscal year (FY) 2017/18 but its profits declined, the state-owned company said on October 1.

HAL said in a press release that its turnover in the year was INR182.8 billion (USD2.49 billion) while pre-tax profit was