Revenues grew 73% YoY to Rs. 2,208 crore for the year
- Profit before Tax before exceptional items is at Rs. 188 crore for the year showing a growth of 57%
New Delhi, ,May 30, 2018: HIL Limited, one of Asia’s leading building material solutions company, today announced the financial results for the quarter and year ending March 31, 2019. Part of the USD 2.5 billion CK Birla Group, the company has delivered a strong financial performance with meaningful improvements in revenue and profitability through its brands Charminar, Birla Aerocon, Birla HIL, Hysil and Parador – its recent global acquisition. The company standalone revenues grew 16% to Rs. 1,482 crore for the full year as against Rs. 1,280 crore for previous year.
Business performance highlights:
- Profit before Tax after exceptional items improved by 39% year-on-year to Rs. 167 crore for the year. Exceptional items include Rs. 21.16 crore on account of one time acquisition cost of legal, professional cost and real estate trasfer tax on account of acqusition of Parador Holdings GmbH;
- The financials are consolidated with newly acquired company, Parador, from 1st September 2018. At consolidated level, HIL has posted a strong growth in revenue to Rs. 2,208 crore as compared to Rs. 1,208 crore last year, showing a growth of 73%
Mr. Dhirup Roy Choudhary, Managing Director, HIL Limited said, “The year 2018-19 was a fantastic year for HIL, we have reinforced our position as the leader in the Indian building materials segment. The results achieved reflect a year of strong organic growth combined with the depth of our product basket and width of our geographic presence. We have registered a revenue growth of 73% this year. Our PBT has grown by 39% owing to innovative marketing activities, prudent cost, efficiency improvement drive and foray into new business. One of our biggest highlights of the year under review was the acquisition of Parador, which helped us enter international market and explore new growth opportunities and commenced our Global journey to become a one-stop shop for all Building Material needs. As a Company HIL is dedicated in endorsing and upholding the highest standards of governance and have adopted and implemented appropriate structures and policies to ensure the same. I strongly believe that these robust values and practices will continue to drive HIL’s sustainable growth. Moving forward, I am confident that we would continue to uphold this spirit, break records, and continue to instil confidence among our stakeholders. HIL enjoys a strong presence in the industry and is capable of taking a leading role in a dynamic market. The energy, spirit and adaptive approach we’ve brought, augmented by the resolute commitment and efficiency of our employees, will certainly help us maintain our leadership position in the coming years. This has also helped HIL to get the Great Place to Work Certification (GPTW) this year in the very first attempt.”
This performance has been supported by growth in sales across the board, where initiatives were taken to drive higher productivitiy from operations driving earnings. Emphasis on enhancing financial parameters have resulted in the expansion of pre-tax earnings. Contained borrowings and optimal working capital management will allow transmission of growth realized into higher net profits going forward.
The Board of Directors, has declared a Final Dividend at 125% i.e 12.50/- per share for the financial year 2018-19.
Corporate Comm India(CCI Newswire)
