Irani told CNBC-TV18, "Hyderabad Industries had reported earnings per share of around Rs 63. Year on year the company has reported a 14% increase in sales, operating profit up 85%, bottom-line up 120% and if you look at the nine months total results earning per share is around Rs 85. The company has a small equity of 7.5 crore and a bottom-line of around Rs 63 crore for the first nine months. We are expecting another Rs 22 crore to come in the last quarter, so all said and done Rs 110-120 earnings per share."
He further added, "The share according to me deserves much better discounting for a company which also declares a dividend of over 100%. So if you look at it year on year the results are fairly good, the market is not treated the stock well. Maybe the stock ran up a little bit too sharply ahead of the results but all said and done a clear hit in terms of a results and valuation wise also the stock looks fairly attractive."
