Fibre cement roofing giant HIL Ltd, part of the $ $2.5 billion CK Birla Group, has announced the financial results for the quarter ending September 30, 2019. The company reports growth in revenues by 42% to Rs 586 crore in Q2 FY20 as against Rs 413 crore over the same quarter of FY19.
“Despite an environment of the general slowdown in the economy, muted demand for construction and building materials, and higher raw material costs, HIL Ltd has delivered growth in revenue and PAT in Q2 FY 2019-20. Our international acquisition is improving at the right pace and we are very confident of exceeding our expectations. This is the result of the several steps undertaken to improve the efficiencies of operating processes focus on cost and productivities across the enterprise to minimise the impact of external factors,” the company’s managing director Dhirup Roy Choudhary said.
He added, “I strongly believe that these practices will continue to drive HIL’s growth and reflect positive numbers in the upcoming quarters. Going forward, we will focus on retaining our position of a leading, global, innovative, and eco-friendly building and infrastructure solutions company and creating sustainable value for our stakeholders.”