India's state-owned aerospace firm Hindustan Aeronautics Ltd (HAL) has reported a 12.7% growth in its profit before tax for the 2011-2012 fiscal year to Indian rupees (Rs) 32 billion ($626 million), up from Rs28.4 billion in the previous fiscal year.
Sales for the year to 31 March 2012 increased by 6.7% to Rs140 billion. The company did not give figures for its profits after tax.
An interim dividend of Rs7.47 billion has been paid for the fiscal year, which is six times of its paid-up capital.
HAL says that one of its major achievements over the year was that all flight trials for Turret Gun and Rocket have been completed for the advanced light helicopter and weapons systems integrated (ALH-WSI).
The firm also conducted the first flight of the Light Combat Helicopter TD-2. The helicopter is built with weight reduced parts, an optimised transmission system and incorporates several improvements based on the flight evaluation of the TD-1.