India's HSIL hits near 3-month high on robust March-quarter profit

AGI Greenpac

11/05/2021 06:56

** Sanitaryware maker HSIL Ltd's shares  HSNT.NS  jump as
much as 9.8% to 189.90 rupees, highest since Feb. 19
    ** On Monday, co reported a near ten-fold rise in
March-quarter to 330.2 mln rupees ($4.49 mln) vs 33.8 mln rupees
in the previous year  urn:newsml:reuters.com:*:nBSE9vW4my
    ** Co's March-quarter revenue from operations also rose to
6.33 bln rupees from 4.61 bln rupees a year ago
    ** HSIL's quarterly EBIT margins improved to 17.9% vs 11.2%
aided by lower fuel and power costs per unit
    ** Board also recommended a dividend of 4 rupees/share for
the year ended March 31
    ** Including session's gains, stock has risen nearly 60%
this year


($1 = 73.4700 Indian rupees)

 (Reporting by Shivani Singh in Bengaluru)
 ((ShivaniSingh1@thomsonreuters.com; +91 89 6969 2349))