HAL scores in Financial Year 2024-25: Despite Supply Chain Woes, HAL logs revenue of Rs 30,400 crores ($3.58 billion)

HAL posted a revenue of Rs.30,400 crores ($3.58 bn) for the financial year ended on March 31, 2025. This is the same as the previous year's revenue of Rs 30,381 cr.

 

By Ajai Shukla

Bengaluru

March 31, 2025

HAL has recorded a revenue of Rs.30,400 crores (provisional and unaudited) for the financial year ended on March 31, 2025 as against the revenue of Rs. 30,381 crores during the previous year.

 

“This achievement was despite the shortfall in deliveries of the light combat aircraft (LCA) and Dhruv advanced light aircraft (ALH).

The deliveries of LCA were affected due to non-availability of engines from US supplier General Electric. The Dhruv ALH delivery schedule too was hit by an accident in January 2025 and subsequent grounding of the fleet. However, the deliveries of other products and services were accelerated which helped us to maintain the top line”, said Dr D K Sunil, CMD, HAL.

 

With the Company’s order book significantly improving in the last 12 months, the company used the year to add capacities as additional lines for LCA and HTT-40 were put-up besides augmenting the aero engine capacity at Koraput.

The order book stood at Rs.1,84,000 crores as against the opening order book position of Rs. 94,129 crores and after adjusting current year liquidation. During the year 2024-25, HAL received new manufacturing contracts of Rs 1,02,000 crores and ROH contracts of Rs 17,500 crores. 

Last week, the company signed a contract with MoD for supply of 156 LCH Prachand worth Rs. 62,777 crores. This is the single biggest procurement by MoD from HAL till date.

 

The other highlights of 2024-25 were: HAL becoming the first Defence PSU to achieve the prestigious `Maharatna’ status, contracts signed for supply of additional 12 Su-30 MKI aircraft, Mid Life Upgrade (MLU) of 40 Do-228 aircraft, supply of 240 AL31FP engines of Su-30 MKI aircraft and avionics upgrade of one IL-78 aircraft. The first engine of AL31FP was handed over within one month of contract signature. 

 

With the supply chain issues stabilizing, new orders in hands and enhancement of capacities, the company is gearing up for more robust physical and financial performance in the FY 2025-26.