Operating profit (EBIDTA) for the quarter stood at Rs.109.15 crore, and grew 48% Y-o-Y in the quarter. Profit before and after tax for the quarter ended December 31, 2018 was Rs.38.93 crore and Rs.25.50 crore, respectively, against the Profit before and after tax of Rs.24.80 crore (including exceptional loss of Rs.6.94 crore) and Rs.15.58 crore, for the corresponding quarter last year.
Sandip Somany, Vice Chairman and Managing Director, HSIL Limited said, “These solid sales gains, along with cost efficiencies generated Rs.25.50 crore profit for us this quarter. Our substantial investment in businesses outside of bathware space are yielding results, and this is visible from our initial success of plastic pipes and fittings business and profitability of consumer business. We have maximized our manufacturing capacity utilization and the same has aided us to achieve a strong result this quarter. “
He further said, “We expect sales and financial results across our businesses to further improve over the remainder of the current financial year driven by our investments in technology, digital tools and core innovation in products. We look forward to a strong FY 19-20.”
Financial highlights of the quarter ended December 31, 2018
Key Highlights of FY18-19 Q3:
· Operating Revenue at Rs.735.72 crore up by 27%
· EBIDTA at Rs.109.15 crore up by 48%
· PBT at Rs.38.93 crore up by 57%