Q2FY22 Quarterly Result Announced for HSIL Ltd.
Highlights In Q2 FY22, HSIL delivered Total Income of Rs 566 crore, a robust growth of 29% Y-o-Y EBITDA stood at Rs 91 crore, growth of 18% y-o-y Total income of Rs 566 crore, growth of 29% on Y-o0-Y basis EBITDA of Rs 91 crore, growth of 18% on Y-o0-Y basis with EBITDA margin of 16% EBIT of Rs 63 crore with EBIT margin of 11% PAT of Rs 30 crore with margin of 5% Total income of Rs 986 crore, growth of 42% on Y-o0-Y basis EBITDA of Rs 155 crore, growth of 47% on Y-o-Y basis with EBITDA margin of 16% EBIT of Rs 97 crore with EBIT margin of 10% PAT of Rs 42 crore with margin of 4% Commenting on the quarterly results, Mr. Sandip Somany, Vice Chairman and Managing Director, HSIL Limited said: “In Q2 FY2022 with pickup in the economic activities and demand revival, macro-economic scenario improved after the impact of the second wave of Covid. Revenue growth was supported by increased demand for glass bottles visible in all key end-user industries and recovery in the real estate sector driving growth of the building products segment.” He further added, “HSIL delivered a stellar performance even though one of the glass containers furnaces was shut down during the quarter for relining and the Q2 results clearly demonstrate strength of our businesses. Despite rising fuel prices, HSIL has been able to maintain healthy operating margin of 16% owing to higher operational efficiencies supported by our distinct capability to use alternative fuels across plants. We have been able to deliver on our ambitious goals owing to our continued investment in our businesses to improve operational efficiency, cost optimization initiatives and business continuity plans has ensured profitability for us.” Result PDF28-10-2021