HIL Q4 net up 29.5%

Turnover during the period increased 21% to Rs 267.78 cr from Rs 221.09 cr

Building material manufacturer HIL Limited, formerly known as Hyderabad Industries, reported a 29.5 per cent rise in net profit to Rs 9.79 crore for the quarter ended March 2013 compared with a profit of Rs 7.56 crore posted in the same quarter previous year. Turnover during the period increased 21 per cent to Rs 267.78 crore from Rs 221.09 crore.

On a year-on-year basis, net profit remained almost stagnant at Rs 60.64 ( previous year Rs 60.55 crore) even though turnover increased over 20 per cent to Rs 1,036 crore in 2012-13 from Rs 857 crore in 2011-12. This seems to be due to the rise in company's total expenditure during the period to Rs 942 crore.