HIL Limited, a flagship business of the CK Birla Group and the largest manufacturer and retailer of Fiber Cement Roofing in the world, was established in 1946. The corporation has 21 state-of-the-art production facilities in India, two manufacturing locations in Germany and Austria. , and a network that extends to India and over 80 other countries. Company Reveals Q3 Earnings And Market Value 1,815.00 crore on Friday. also declared dividend of 20 per share.
HIL Limited on Friday informed the stock exchanges that its Board of Directors has approved and declared an “Interim Dividend of Rs. 20/- per Equity Share. 10/- each for the financial year 2022-23 (i.e. 200%). Monday, the 6th February, 2023 has been fixed as the record date and the said interim dividend will be paid to those members whose names appear in the register of members (both physical and electronic mode) as on the record date The payment of the said interim dividend shall be processed within 30 days from the date of declaration.”
On a consolidated basis, the company reported revenue from operations of 767.17 crores in December 2022 as against Rs. 821.44 crore in December 2021, registering a decline of 6.60% YoY. In Q3FY23, the firm reported a consolidated net profit of Rs. 12.53 crore, down from Rs. 34.15 Crore or a loss of 63.30% YoY in Q3FY22. In Q3FY23, total spend fell by 4% YoY 749.55 crore to Rs. 780.13 crore was recorded in the same period last year. HIL’s EPS declined to Rs. 16.65 in December 2022 from Rs. 45.49 in December 2021.
After hitting a new 52-week low Shares of HIL Limited closed at 2,320.00 on the NSE on Friday. Closed at 2,422.95, down 4.00% from its previous close 2,523.90. The stock recorded a total volume of 44,620 shares as compared to the 20-day average volume of 16,829 shares. The stock is down 43.47% over the last year, and on a year-to-date basis, it is down 7.95% so far in 2023. The stock has touched a 52-week high. 4,524.95 on (27-Jan-2022), indicating that after hitting a 1-year low on Friday, HIL Ltd. shares were trading at a discount of 46% from their 52-week high. At Friday’s closing price, the stock was seen trading below 5, 10, 20, 50, 100 and 200 days Simple Moving Averages (SMAs).
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