IL net profit in Q4 FY21 up 163 pc at Rs 62.6 cr
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Part of the USD $2.4 billion CK Birla Group, HIL Limited on Friday claimed that it has achieved total net profit of Rs.62.6 crore in Q4 FY 2020-21, which is 163 per cent higher compared to corresponding quarter in previous year.
In full year, the company’s Profit after Tax growth stood at 145 per cent by registering Rs.3,044 crores top line in FY 2020-21,
These have been the highest ever Q4 and full year numbers for top line and bottom line, HIL, one of Asia’s leading building material solutions companies, said in a release here.
The company achieved overall revenue growth of 31 per cent to Rs.844 crore in Q4 FY 2020-21 as against Rs.645 crore over the same period of previous year.
Consolidated EBITDA stood at Rs.114.8 crore despite strains faced due to the second wave of COVID-19 in the domestic as well as the overseas market, the company claimed.
Consolidated Revenue stood high at Rs.3,044 crore for the full year 2020-21 as against Rs.2,555 crore for last full year.
HIL Ltd CEO and Managing Director Dhirup Roy Choudhary, said, despite continued pandemic related uncertainty, we managed to generate a top line growth of 19 per cent for the full year. We continue enhancing our business efficiency and performance as we navigate the COVID-19 environment.
As the infrastructure projects pick up, we are confident of seeing more orders across our product portfolio including our roofing solutions, building solutions and polymer segments, Roy said.
Continuous focus on driving business through new channels – E-business &DIY stores along with huge passion and commitments from our European colleagues were key success factors to positively impact the Flooring business.
As a company, we are applying digital mechanisms from manufacturing to distribution and steps like this are helping us post a strong performance, Roy added
