HIL Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
January 27, 2023 at 04:04 am EST
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HIL Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 7,671.7 million compared to INR 8,214.4 million a year ago. Revenue was INR 7,676.6 million compared to INR 8,338 million a year ago. Net income was INR 125.3 million compared to INR 341.5 million a year ago. Basic earnings per share from continuing operations was INR 16.65 compared to INR 45.49 a year ago. Diluted earnings per share from continuing operations was INR 16.64 compared to INR 45.13 a year ago.
For the nine months, sales was INR 26,156.9 million compared to INR 25,708 million a year ago. Revenue was INR 26,376.6 million compared to INR 25,989.9 million a year ago. Net income was INR 924.9 million compared to INR 1,597.9 million a year ago. Basic earnings per share from continuing operations was INR 123.03 compared to INR 213.13 a year ago. Diluted earnings per share from continuing operations was INR 122.98 compared to INR 211.43 a year ago.
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.
HIL LIMITED 
