HIL Limited Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016
January 16, 2017 at 01:15 pm IST
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HIL Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2016. The company reported total income from operations of INR 1,985.9 million, profit from operations before other income, finance costs and exceptional items of INR 6.8 million, profit from ordinary activities before tax of INR 97.9 million, net profit of INR 80.6 million or INR 10.80 per basic and diluted share against total income from operations of INR 2,145.5 million, loss from operations before other income, finance costs and exceptional items of INR 36.7 million, loss from ordinary activities before tax of INR 65.9 million, net loss of INR 38.9 million or INR 5.21 per basic and diluted share a year ago.
For the nine months, the company reported total income from operations of INR 622 million, profit from operations before other income, finance costs and exceptional items of INR 6.8 million, profit from ordinary activities before tax of INR 669.6 million, net profit of INR 487.1 million or INR 65.27 per basic and diluted share against total income from operations of INR 8,370.1 million, profit from operations before other income, finance costs and exceptional items of INR 558.8 million, profit from ordinary activities before tax of INR 519.9 million, net profit of INR 351.7 million or INR 47.13 per basic and diluted share 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.