HIL surges 10%, hits 52-week high on strong September quarter numbers

With a healthy monsoon and several enabling initiatives aimed at the rural segment, the management is looking at a continuance of similar performance trends in the coming quarters.

Shares of HIL moved higher by 10 per cent to Rs 1,975, also its 52-week high on the BSE on Wednesday after the company reported 63 per cent year-on-year (YoY) jump in its consolidated net profit at Rs 49 crore in September quarter (Q2FY21), on the back of the healthy volume and operational performance. The cement and cement products maker had a profit of Rs 30 crore in the year-ago quarter.

Revenue during the quarter grew 21 per cent at Rs 704 crore against Rs 575 crore in the corresponding quarter of the previous fiscal. EBITDA (earnings before interest, taxes, depreciation,