HIL Ltd's net profit jumps 34% to Rs 50 cr for Q1FY21

New Delhi: CK Birla Group company HIL Ltd today reported 34 percent jump in consolidated net profit at Rs 50 crore for the first quarter of the current fiscal as compared to Rs 38 crore in the corresponding quarter of the previous fiscal.

The consolidated revenues of the company fell 7 percent to Rs 699 crore for the first quarter of the current fiscal as compared to Rs 756 crore in the corresponding quarter of the previous fiscal.

The consolidated EBITDA of the company jumped 12 percent to Rs 107 crore for the first quarter of the current fiscal as compared to Rs 96 crore in the corresponding quarter of the previous fiscal. 

The consolidated total expenses of the company declined 10 percent to Rs 592 crore for the first quarter of the current fiscal as compared to Rs 660 crore in the corresponding quarter of the previous fiscal, the company said in a regulatory filing. 

The revenues of the company from roofing solutions business remained the same at Rs 295 crore in the latest quarter as compared to the year-ago period. The revenues from building solutions business of the company fell 64 percent at Rs 29 crore as compared to Rs 83 crore as compared to the year-ago period. The revenues from polymer solutions business fell 23 percent at Rs 48 crore as compared to Rs 62 crore as compared to the year-ago period. The revenues from flooring solutions business increased 3 percent at Rs 320 crore as compared to Rs 309 crore as compared to the year-ago period.

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