Hil Ltd Q1FY24; 33% fall in Profits

HIL Limited (HIL) is a part of the C.K. Birla Group and is headquartered in Hyderabad. It is one of the leading Companies in the building materials and construction industry with robust product pipeline and wide range. The company manufactures asbestos FC sheets, coloured steel sheets, non-asbestos corrugated roofing sheets, new generation building products like autoclaved aerated concrete (AAC) blocks (light bricks) that are used for walls in building constructions and aerocon panels and boards that are used as partition in residential and commercial buildings.

Financial Results:

• Hil Ltd reported Revenues for Q1FY24 of ₹1,016.00 Crores down from ₹1,085.00 Crore year on year, a fall of 6.36%.
• Total Expenses for Q1FY24 of ₹969.00 Crores down from ₹993.00 Crores year on year, a fall of 2.42%.
• Consolidated Net Profit of ₹58.00 Crores down 33.33% from ₹87.00 Crores in the same quarter of the previous year.
• The Earnings per Share is ₹76.76, down 33.50% from ₹115.43 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.