HIL Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 02, 2024 at 04:07 am EST
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HIL Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 7,842.4 million compared to INR 7,671.7 million a year ago. Revenue was INR 7,941.2 million compared to INR 7,676.6 million a year ago. Net loss was INR 71.8 million compared to net income of INR 125.3 million a year ago. Basic loss per share from continuing operations was INR 9.52 compared to basic earnings per share from continuing operations of INR 16.65 a year ago. Diluted loss per share from continuing operations was INR 9.52 compared to diluted earnings per share from continuing operations of INR 16.64 a year ago.
For the nine months, sales was INR 25,229.6 million compared to INR 26,156.9 million a year ago. Revenue was INR 25,420.2 million compared to INR 26,376.6 million a year ago. Net income was INR 349 million compared to INR 924.9 million a year ago. Basic earnings per share from continuing operations was INR 46.3 compared to INR 123.03 a year ago. Diluted earnings per share from continuing operations was INR 46.3 compared to INR 122.98 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.