HIL Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 01, 2023 at 06:50 am
Share
HIL Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 7,232.2 million compared to INR 7,638.7 million a year ago. Revenue was INR 7,282.6 million compared to INR 7,714.2 million a year ago. Net loss was INR 157.8 million compared to INR 67.7 million a year ago. Basic loss per share from continuing operations was INR 20.94 compared to INR 9.01 a year ago.
For the six months, sales was INR 17,387.2 million compared to INR 18,485.2 million a year ago. Revenue was INR 17,479 million compared to INR 18,700 million a year ago. Net income was INR 420.8 million compared to INR 799.6 million a year ago. Basic earnings per share from continuing operations was INR 55.83 compared to INR 106.42 a year ago. Diluted earnings per share from continuing operations was INR 55.81 compared to INR 105.89 a year ago.
HIL Limited is engaged in providing home and building solutions. It operates through four segments: Roofing Solutions, Building Solutions, Polymer Solutions, Flooring Solutions, and Others. Roofing Solutions segment provides fiber cement sheets, colored steel sheets, and cement based non-asbestos corrugated sheets under the Charminar and Charminar Fortune brands. Building Solutions segment offers wet walling and dry walling solutions, including autoclaved aerated concrete blocks, panels, fiber cement boards, tile adhesives, and primers under the Birla Aerocon brand. Polymer Solutions segment offers unplasticized polyvinyl chloride (UPVC), chlorinated polyvinyl chloride (CPVC), column pipes under the Birla HIL Pipes brand, and wall putty under the Birla HIL Putty brand. Flooring Solutions segment provides laminate, engineered and resilient flooring, and related accessories under the Parador brand. Others segments include material handling and processing plant and equipment.