Hyderabad: Part of the USD $2.4 billion CK Birla Group, HIL Limited which is one of Asia’s leading building material solutions company, today 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.844crore in Q4FY 2020-21 as against Rs.645crore over the same period of previous year.
Business performance highlights from continued operationsfor Q4 FY21 vs Q4 FY20:
· Consolidated EBITDA stoodat Rs.114.8 crore despite strains faced due to second wave of COVID-19 in the domestic as well as the overseas market
· Consolidated Profit before tax (PBT)stood high at Rs.81.0 crore in Q4 FY21 as against Rs.27.4 crore last year same quarter
· Consolidated Profit after tax (PAT) is positive and showed 174% increase at Rs.62.6 crore
Business performance highlights from continued operationsfor the full year 2020-21:
· Consolidated Revenue stood high at Rs.3,044 crore for the full year 2020-21 as against Rs.2,555 crore for last full year
· Consolidated EBITDA stood at Rs.427.3 crore as against Rs.261.9 crore last full year
· Consolidated Profit before tax (PBT)stood high at Rs.291.6 crore for the full year 2020-21 as against Rs.126.9 crore last full year
· Consolidated Profit after tax(PAT) is positive and showed 116% increase at Rs.214.2 crore
· Total consolidated Profit after tax (PAT) including profits on sale of discontinued operations stood at Rs.259.7 crore
• Mr. Dhirup Roy Choudhary, CEO & MD, HIL Limited said, “During the last 4 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 5 years.Our current year results demonstrate the overall resilience of our employees and our robust business model. Despite continued pandemic related uncertainty, we managed to generate a top line growth of 19% for the full year. We continueenhancing our business efficiency and performance as we navigate the COVID-19 environment. I would want to thank our team for their exceptional work under extraordinary circumstances, delivering strong results and our committed channel partners for their continued support. As the infrastructure projects pick up, we are confident of seeing more orders across our product portfolio including our roofing solutions, building solutions and polymer segments.Continuous focus on driving business through new channels – E-business &DIY storesalong with huge passion and commitments from our European colleagues were key success factors to positively impact theFlooring business. As a company, we are applying digital mechanisms from manufacturing to distribution and steps like this are helping us post a strong performance.”