Hindustan Aeronautics posts first drop in profit in 10 quarters

Hindustan Aeronautics Ltd (HAL) on Friday, reported its first decline in profit in 10 quarters, hurt by higher input costs and tax expenses. HAL's consolidated net profit fell nearly 9% to 28.31 billion rupees ($346.2 million) in the fourth quarter ended March 31. https://ift.tt/tyuVFaR