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HIL sustains momemtum, delivers strong financial performance with significant improvements in revenue and profitability

  • For the current quarter, revenues stood at Rs. 496 crore as against Rs. 405 crore for the same period of last year showing growth of 23%
  • The growth in sales driven by roofing solutions which delivered growth for the fourth consecutive quarter

National, August 07, 2018: HIL Limited, one of the India’s largest manufacturers and sellers of fibre cement roofing and green building products, today announced the financial results for the quarter and year starting April 01, 2018. Part of the USD 1.8 billion CK Birla Group, the company’s revenues for the current quarter stood at Rs. 496 crore as against Rs. 405 crore for the same period of last year showing growth of 23%. 14% growth realised in roofing segment during the quarter, where affinity for Charminar brand continues to grow. Strong contribution continues to come from Building Solutions with 37% year-on-year growth during the year. We are seeing traction in Birla Aerocon range given the emphasis on solutions based approach. 

Business performance highlights:

 Profit before Tax improved by 40% year-on-year to Rs.78 crore whereas Profit after Tax improved by 41% year-on-year to Rs.52 crore during the quarter

  • This performance has been supported by growth in sales across board, where initiatives taken to drive higher productivities from operations driving earnings
  • Emphasis on enhancing financial parameters have resulted in expansion of pre-tax earnings
  • Contained borrowings and optimal working capital management will allow transmission of growth realised into higher net profits going forward                                                                     

Mr. Dhirup Roy Choudhary, Managing Director, HIL Limited said,  The focus continues to build on the gains in margins that we have seen YoY, and this will be a function of enhanced presence in distribution channels, the solutions centric approach to growing the building solutions segment, scaling up of the green roofing solutions product and the momentum we are creating in pipes & fittings by way of expanding our product portfolio. It is the vigor within the organisation that enthuses even us, and I am confident that we will be able to deliver consistently good set of performances in the coming periods through our articulated objectives.”

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