HIL Ltd reports 5X growth in Profit after Tax at Rs.52.5 crore during Q3 of FY 2020-21
Hyderabad, February 2, 2020: Part of the USD $2.4 billion CK Birla Group, HIL Limited which is one of Asia’s leading building material solutions company, today announced the financial results for the quarter ending December 31, 2020. These have been the highest ever Q3 numbers for top line and bottom line where the company achieved a total net profit of Rs.52.5 crore in Q3 FY 20-21 which is 5x higher compared to the corresponding quarter in FY 19-20. The company achieved overall revenue growth of 38% to Rs.803 crore in Q3 FY 2020-21 as against Rs.583 crore over the same period of the previous year.
Business performance highlights Q3 FY21 vs Q3 FY20:
- Consolidated EBITDA stood at Rs.106.7 crore despite strains faced due to second wave of COVID-19 in the overseas market
- Consolidated Profit after tax (PAT) is positive and showed 506% increase at Rs.52.5 crore
- Consolidated Profit before tax (PBT) stood high at Rs.73.4 crore in Q3 FY21 as against Rs.12 crore last year same quarter
Business performance highlights YTD Dec’20 vs YTD Dec’19:
- Consolidated Revenue stood high at Rs.2,200 crore in YTD Dec’20 as against Rs.1,910 crore last year same period
- Consolidated EBITDA stood at Rs.312.5 crore as against Rs.199.9 crore last year same period
- Consolidated Profit after tax (PAT) is positive and showed 99% increase at Rs.151.7 crore
- Consolidated Profit before tax (PBT) stood high at Rs.210.6 crore in YTD Dec’20 as against Rs.99.5 crore last year same period
Mr. Dhirup Roy Choudhary, CEO & MD, HIL Limited said, “Our third quarter results demonstrate the overall resilience of our employees and our robust business model. Despite continued pandemic related uncertainty, we managed to generate a top line growth of 38%. We continue enhancing our business efficiency and performance as we to navigate the COVID-19 environment. I would want to thank our team for their exceptional work under extraordinary circumstances, delivering strong results. 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. Continuous focus on driving business through new channels – E-business & Do it yourselves stores 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.”
About HIL Ltd.
Established in 1946, HIL Limited is a flagship company of the $2.4 Billion conglomerate, CK Birla Group. The company offers comprehensive building materials and solutions since last 70 years and has achieved market leadership by developing and marketing the most sustainable and relevant products which are future-ready, high quality, and have innovation at its core. HIL has 5 major brands- Charminar, Birla Aerocon, Charminar Fortune, Birla HIL, and German flooring brand, Parador. The company boasts of 21 state-of-the-art manufacturing facilities in India and two manufacturing sites in Germany and Austria. It is committed to innovation through dynamic R&D facilities in India and Germany. Having pioneered in green technology keeping in mind the paradigm shifts to green building materials almost a decade ago, HIL diversified into a vast range of products that are environmentally viable and conducive. Given its strong emphasis on customer-centricity, HIL Limited also ensures a widespread reach through an extensive sales and distribution network spread across India and 80+ countries globally. Its strengths are truly its employees, loyal dealers, and satisfied customers. With consistent efforts to grow the business sustainably, HIL is also certified as Great Place to Work® and Mr. Dhirup Roy Choudhary, its MD and CEO was awarded as “The Most Promising Business Leader of Asia” three times in a row by the Economic Times. The company also has been a recipient of the Iconic Brand Award, Asia’s Most Trusted Company Award, Best Company of the Year Award and has been maintaining the Superbrand status for many years now.