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Last Updated : Jun 10, 2020 08:16 PM IST | Source: PTI

HSIL Ltd Q4 net profit down 90% to Rs 3.38 crore

The company had posted a net profit of Rs 33.53 crore in January-March quarter a year ago, HSIL Ltd (CTIL) said in a BSE filing.

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Sanitaryware maker HSIL Ltd on Wednesday reported a 89.91 percent decline in standalone net profit at Rs 3.38 crore for the fourth quarter ended March 2020.

The company had posted a net profit of Rs 33.53 crore in January-March quarter a year ago, HSIL Ltd (CTIL) said in a BSE filing.

Revenue from operations declined 2.21 percent to Rs 461.03 crore as against Rs 471.47 crore in the corresponding quarter of previous fiscal.

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HSIL's total expenses fell 3.33 percent to Rs 460.55 crore during the quarter under review as against Rs 445.69 crore a year ago.

However, net profit for fiscal year 2019-20 rose over three-folds to Rs 48.42 crore from Rs 15.27 crore in 2018-19.

Revenue from operations rose 15.85 percent to Rs 1,859.07 crore in 2019-20 from Rs 1,604.76 crore in 2018-19.

Shares of HSIL Ltd on Wednesday closed 1.13 percent higher at Rs 53.75 on the BSE.
First Published on Jun 10, 2020 08:10 pm
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