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Hyderabad Industries – Strong execution; future holds out potential

Hyderabad Industries has almost tripled from its March lows buoyed by better-than-expected earnings and positive market momentum

November 26, 2020 / 02:28 PM IST
Hyderabad Industries – Strong execution; future holds out potential

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

In Q2 FY21, Hyderabad Industries (HIL) has managed to improve on most  parameters of financial performance year-on-year (YoY) despite the very challenging business environment. The quarterly results highlight that the company remains on solid footing in the current scenario. Quarterly result snapshot HIL reported a 19 per cent increase in standalone revenues in the second quarter of this fiscal as higher demand for building material products drove up volumes. Superlative performance from Parador Holdings further aided the consolidated financials. Margin...

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