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HIL surges 9% as Q4 profit rises more than double

HIL reported a net profit of Rs 200 million in March quarter against Rs 70 million in year ago quarter.

HIL surges 9% as Q4 profit more than doubles
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SI Reporter Mumbai
Shares of HIL have surged 9% to Rs 2,267 per share, also their record high on the BSE, after the company reported more than double net profit at Rs 200 million for the quarter ended March 2018 (Q4FY18). The CK Birla Group Company engaged in cement & cement products business had profit of Rs 70 million in year ago quarter.

Total revenue during the quarter under review increased 22% at Rs 3,350 million from Rs 2,740 million in the corresponding quarter of previous fiscal.

HIL registered highest ever EBITDA (earnings before interest, tax, depreciation and amortization) during quarter

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First Published: Apr 27 2018 | 10:19 AM IST

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