INDIA DEFENCE ARMOUR
New Delhi: Hindustan Aeronautics Ltd (HAL) paid Rs. 66.30 crores to the Government as a final dividend for the year 2011-12.
The dividend cheque was presented to the Defence Minister A.K. Antony by the Chairman of HAL R.K. Tyagi here on Tuesday. With this, total dividend paid by HAL to the Government for the said financial year works out to Rs. 814 crores. This is 675.52% of Paid-Up share capital of Rs. 120.50 crores.
“The total outflow as dividend on the equity shares of the company excluding the dividend tax (Rs.132 crores) for the year 2011-12 translates to 32 percent of the profit after tax”, said Tyagi.
HAL recorded profit after tax of Rs. 2,539 crores for the year 2011-12 as against Rs.2,114.26 crores for 2010-11. The Company’s turnover was 14,204 crores for 2011-12 compared to Rs. 13,116 crores for 2010-11.
Tags :HAL, R.K. Tyagi, Chairman, A. K. Antony, R.K. Mathur, dividend, profit, tax, equity,