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HSIL Q3 Net Profit up by 21.98% to Rs 36.95 crore

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HSIL Q3 Net Profit up by 21.98% to Rs 36.95 crore

HSIL Limited has announced its Q3 FY15 results. As per the results, PBT grew by 32.06 per cent to Rs 57.79 crore from Rs 43.76 crore in Q3 FY 14-15, while Net Profit increased by 21.98 per cent to Rs.36.95 crore from Rs 30.29 in the corresponding period last fiscal.

Net Sales grew by 7.72 per cent to Rs 490.68 crore from Rs 455.49 crore in Q3 FY 14-15 and Gross Sales were up 6.71 per cent to Rs 528.49 crore from Rs 495.23 crore last fiscal. 

Speaking about the results, Sandip Somany, Joint Managing Director, HSIL Ltd. said, “Design innovation’ and ‘technological advancement’ are the two platforms on which bathrooms of the future will operate. Emerging innovations are focused on getting the bathroom space cleaner, more water efficient and tailor made. We at HSIL are in sync with this trend.  With time our assessment of changing consumer preferences is vastly enriched and our consumer products has been well accepted in the market.  This knowledge helped us tide though market volatilities over the year and the company’s performance this quarter validates it. A 17% growth in our core business, the Building Products Division reflects that our strategy is working.  We will continue to offer innovative solutions and manage our resources with prudence to touch the next level of product-process innovation.”

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