Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

HIL Limited reports financial results for period ended Dec 31, 2018

Posted On: 2019-02-09 13:19:56

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 nine months ended December 31, 2018. Part of the USD 2.5 billion CK Birla Group, the company's revenues for the current quarter stood at Rs. 326 crore as against Rs. 282 crore for the same period of last year showing growth of 16%. For the first 9 months of current year, revenues stood at Rs. 1130 crore as against Rs. 943 crore for the same period of last year (Growth of 20%). Please note that nine months revenue of last year is net of duties and taxes on sale of goods for comparison purpose. Sales driven by building solutions delivered continuous growth quarter on quarter. Strong growth continues to come from Plumbing Solutions with 121% year-on-year growth during Q3 FY19 and 132% year-on-year growth during the nine months period. We are seeing traction in Birla Aerocon range given the emphasis on solutions-based approach.

Business performance highlights:

- For the first 9 months of the year, Profit before Tax improved by 49% year-on-year to Rs.134crore. In Q3 FY19 Profit before Tax stood to Rs. 13.5 crore. The PBT is lowered during the quarter on account of reversal of Forex gain of Rs.7.5 crore booked in Q2FY19 on Euro 20 million loan given to wholly owned subsidiary in Germany for purchase of shares of Parador Holdings GmbH.

- 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, "HIL has posted another set of robust numbers this quarter. The significant rise in profits has been owning to a committed performance from all our employees backed by an ever-daunting loyalty from our dealers. All our SBUs have grown more than the segments they operate in. Our roofing solution business under brand Charminar and building solution business under brand Birla Aerocon has maintained its leadership positions. Our efforts towards developing a brand pull and channel development supported by a continuous effort of launching new product ranges has propelled this growth."

Shares of HIL LTD. was last trading in BSE at Rs.1775.7 as compared to the previous close of Rs. 1819.4. The total number of shares traded during the day was 405 in over 106 trades.

The stock hit an intraday high of Rs. 1825 and intraday low of 1775. The net turnover during the day was Rs. 731604.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Signet Industries Ltd completes expansion project

Glenmark Pharmaceuticals receives ANDA approval for Clobetasol Propionate Foam, 0.05%

L&T Construction bags mega contract for Design and Construction of a Major Airport

MBL Infra arm commences commercial operations of project of Suratgarh-Bikaner Section of NH-62

Confluence 2019 by Mahindra World City delves into 'Thinking Cities: The Rise of Resilience'

Uflex Honoured with 'Excellence in Packaging -Beverages' at The ET Polymers Awards 2019

Vikram Thermo India Ltd posts net profit of Rs. 0.60 crore in Q3

Lumax Auto Technologies Ltd updates on the PCB business

Robert Bosch Automotive Steering GmbH terminates JV agreement with ZF Steeting Gear India Ltd

Karnataka Bank bags ET Now - BFSI Awards

V-Mart Retail Ltd opens new store in Bihar, closes one

KPI Global bags order of 213.75KW Solar Power Plant under Captive Power Producer

Karnataka Bank shifts its Arehalli Branch to new premises on 16-02-2019

Shalby Hospitals Bestowed With Best IT Enabled Hospital Award 2019

PNC Infratech bags Rs.186 crore PWD road project in UP

Karnataka Bank opens its 838th Branch at Mysuru-Ramanuja Road on 16-02-2019

Ujaas Energy to launch E Scooter

Ground breaking Ceremony of Hooghly Cochin Shipyard Limited's New Yard Construction at Nazirgunge, Kolkata

Dr. Reddy's Laboratories Ltd receives EIR for Formulations Unit at Duvvada, Vizag

Karnataka Bank introduces 475 days special term deosit Scheme

Tech Mahindra Ltd board to consider buy back on Feb 21, 2019

Megasoft announces third quarter results for FY19

HCL Technologies and IBM Collaborate to Accelerate Clients' Hybrid Cloud Journey

Simplex Infra announces Q3FY19 results

Seya Industries Ltd 9MFY19: Sustained Momentum in Business

Alembic Pharmaceuticals announces USFDA Approval for Moxifloxacin Ophthalmic Solution USP 1 0.5%.

Gujarat Terce Laboratories Ltd launces Acolate Plus Tablet

BEML at Aero Show

HOCL approves proposal for sale of 8.08 acres land at Panvel

NIIT recognised as 'Best Training Institution' at the 9th Indian Education Congress at Awards 2019

Sonata Software completes acquisition of Sopris Systems LLC

Karda Constructions Limited announces 3QFY2019 results

Diligent Media Corporation Limited concludes sale of leasehold land for Rs. 57.32 crores

PNC launches streaming of movies on Netflix

Lupin launches Clobazam Oral Suspension, 2.5mg/ml

Technocraft Industries India Ltd opens operations in New Zealand

TRF Ltd approves issue of NCRPS to Tata Steel Ltd

Raminfo Q3 FY19 net profit increases 14.3% with revenue being Rs. 7.60 Crs

Paramount Communications Ltd bags order of Rs. 69.53 crores

ICRA assigns ratings to Nahar Industrial Enterprises Ltd

Sun Pharma returns product rights of Elepsia™ XR back to SPARC

NBCC India Ltd submits resolution plan for Jaypee Infratech Ltd

Lumax Industries Ltd announces setting up of in-house Electronic Facilities

IDFC FIRST Bank to sell stake in Digikredit

Karnataka Bank MD & CEO Shri Mahabaleshwara M S, conferred with 'CEO with HR Orientation Award'

Aanchal Ispat Ltd reports jump in Q3 PAT to Rs. 2.21 crores

Celestial Biolabs Ltd Q3 net profit slides to Rs. 0.07 crore

Donear Industries Ltd reports Q3 FY19 net profit of Rs. 5.14 crores

Mindteck Reports Financial Results for the Third Quarter Ending December 31, 2018

India Home Loan Ltd board approves fund raising proposal through warrants







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019