HIL Q1 net profit rises 174% to Rs 32 cr

Posted on July 21, 2014 | News

CK Birla group company HIL Limited, a leading manufacturer of fibre cement roofing and green building products, posted a net profit of Rs 31.32 crore for the quarter ended June 2014 
CK Birla group company HIL Limited, a leading manufacturer of fibre cement roofing and green building products, posted a net profit of Rs 31.32 crore for the quarter ended June 2014, up by 174% over Rs 11.41 crore posted during the corresponding quarter in the previous year.
The company’s revenue during the same period increased by 33% from Rs 270.51 crore tot Rs 360.57 crore.
“HIL Ltd has registered growth of 33% during the first quarter of the financial year 2015 riding on focused and innovative marketing activities; increased presence in new markets; and by creating new product segments. Being one of the few large players in the organized segment, HIL Ltd has acquired new customers from amongst the top 10 construction giants in the country and increased its share of wallet with many existing construction houses. The company also adopted a focused business approach to drive synergies with these businesses.” HIL managing director, Abhaya Shankar, stated in a press release.
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