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HIL Limited, an arm of CK Birla Group and manufacturer of fibre cement roofing and green building products, has posted a manifold increase in its net profit at Rs 12.8 crore in the fourth quarter ended March 31, 2015 compared to Rs 3.4 crore in the year-ago period.
The revenue too had gone up to Rs 273 cr (Rs 237 cr). For the full year, the net profit and revenue had gone up to Rs 67 crore (Rs 7cr) and Rs 1,107 crore (Rs 869 cr) respectively.
``The company has registered a strong growth on the back of positive economic indicators and favourable climatic conditions in the concluding financial year. The year preceding FY15 had been a tough one for the industry due to slowing demand and incapacity among consumers to spend,’’ it said in a release.
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