Somany Home Innovations Ltd. (SHIL) is a newly created Corporate Entity which was demerged from HSIL Limited, vastly recognised by its Brand Hindware, a leading name in the Indian market. SHIL is focused on servicing end-consumers in the market and is involved in branding, marketing, sales, distribution, trading, service etc. of Consumer Appliances under the Brand name ‘Hindware’, ‘Moonbow’ and Furniture Retail Business under the Brand name ‘Evok’.
Financial Results:
- Hindware Home Innovation Ltd reported Revenues for Q1FY24 of ₹633.91 Crores down from ₹678.09 Crore year on year, a fall of 6.52%.
- Total Expenses for Q1FY24 of ₹625.52 Crores down from ₹655.43 Crores year on year, a fall of 4.56%.
- Consolidated Net Profit of ₹0.67 Crores down 93.78% from ₹10.78 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹0.09, down 93.96% from ₹1.49 in the same quarter of the previous year.