HIL Announces Q4 And FY 2020-21 Results
Part of the $2.4 billion CK Birla Group, HIL, which is one of Asia’s leading building material solutions company, announced the financial results for the quarter ending March 31, 2021. These have been the highest ever Q4 and full year
Part of the $2.4 billion CK Birla Group, HIL, which is one of Asia’s leading building material solutions company, announced the financial results for the quarter ending March 31, 2021. These have been the highest ever Q4 and full year numbers for top line and bottom line where the company achieved total net profit of Rs 62.6 crore in Q4 FY 2020-21 which is 163% higher compared to corresponding quarter in FY 2019-20. The company achieved overall revenue growth of 31% to Rs 844 crore in Q4 FY 2020-21 as against Rs 645 crore over the same period of previous year.
Dhirup Roy Choudhary, CEO & MD, HIL said, “During the last four years, we have re-defined our vision, mission and core values and made HIL a global company towards a “One-stop Building Material Solutions”. Dependency on revenue from asbestos business reduced significantly. We have grown 3x in top line and 4x in operating profitability in last five years. Our current year results demonstrate the overall resilience of our employees and our robust business model.”
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