Hindustan Aeronautics Ltd. reports decline in profits in 10 quarters

The Defence Public Sector Undertaking (DPSU) Hindustan Aeronautics Ltd (HAL) has reported that it has witnessed decline in profit in 10 quarters. The reason attributed to is because of higher input costs and tax expenses. The Indian state-owned aerospace and defence company’s consolidated net profit stood at Rs 2,831 Crores ($342.20 Million) in the fourth quarter…

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