The Hindu Business Line

HIL posts lower Q1 profit of ₹40 cr

- Business · Aditya Birla Group · Birla Technical Services

HIL Ltd has posted a lower profit of ₹40.63 crore for the first quar­ter ended June 30 as against ₹52.04 crore for the cor­re­spond­ing quar­ter of the pre­vi­ous year on a con­sol­i­dated ba­sis.

The CK Birla Group com­pany in the build­ing ma­te­rial solutions space, logged a 53 per cent higher to­tal in­come of ₹768.10 crore, from ₹501.24 crore in the same pe­riod last year.

The com­mis­sion­ing of aug­mented ca­pac­ity in pipe and fit­tings is shaping up well. The com­pany com­pleted fi­nan­cial in­te­gra­tion of Parador and is fo­cus­ing on ac­cess­ing the op­er­at­ing strengths of the com­pany on the global stage.

Dhirup Roy Choud­hary, Man­ag­ing Direc­tor, HIL Ltd, in a state­ment said, “Though the ru­ral econ­omy was down due to gen­eral elec­tions, the on-ground sit­u­a­tion is nor­mal­is­ing steadily and we have seen some up­trends in terms of vol­ume growth. De­spite tough mar­ket con­di­tions in the roofing busi­ness, we en­joy cus­tomer loy­alty and con­tinue to be the mar­ket leader for yet an­other quar­ter.”

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