Hyderabad Industries Limited (HIL), a CK Birla group company engaged in the manufacture of asbestos cement products, reported a net profit of Rs 10.16 crore for the quarter ended December 31, 2011, as compared with Rs 6.37 crore in the corresponding quarter last year, representing an increase of 59.49 per cent. Net sales increased 14.59 per cent to Rs 193.51 crore, as against Rs 168.87 crore during the same period a year ago.
Its scrip ended the trade at Rs 336.20 on the BSE on Tuesday, up 2.84 per cent, as against the previous close of Rs 326.90.
