Hyderabad Industries Limited Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012; Recommends Interim Dividend
January 24, 2013 at 04:03 am EST
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Hyderabad Industries Limited reported unaudited earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, net sales/income from operations was INR 2,210.9 million compared to INR 1,937.2 million last year. Profit from operations before other income, interest, exceptional items and taxes was INR 131.7 million compared to INR 155.7 million last year. Profit from ordinary activities before tax was INR 110.4 million compared to INR 150.4 million last year. Net profit from ordinary activities after tax was INR 75.6 million compared to INR 101.6 million last year. Net profit was INR 75.6 million or INR 10.13 per basic and diluted share compared to INR 101.6 million or INR 13.61 per basic and diluted share last year.
For the nine months, net sales/income from operations was INR 7,687.3 million compared to INR 6,091.8 million last year. Profit from operations before other income, interest, exceptional items and taxes was INR 775.9 million compared to INR 622.1 million last year. Profit from ordinary activities before tax was INR 743.7 million compared to INR 614.7 million last year. Net profit from ordinary activities after tax was INR 508.5 million compared to INR 425.9 million last year. Net profit was INR 508.5 million or INR 68.14 per basic and diluted share compared to INR 425.9 million or INR 57.07 per basic and diluted share last year.
The Board of Directors recommended an interim dividend of INR 7.50 per share (75%) on equity shares of INR 10 each.
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.
Hyderabad Industries Limited Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012; Recommends Interim Dividend