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Hindustan Sanitaryware & Industries Ltd (HSIL) on Wednesday said its net profit rose by 4.56 per cent to Rs 32.31 crore for the fourth quarter ended March 31, 2011, over the same period previous fiscal. The company had a net profit of Rs 30.90 crore in the same period last fiscal, HSIL said in a statement.
The company’s net for the fourth quarter ended March 31, 2011, stood at Rs 327.06 crore, compared to Rs 258.09 crore in the same period previous fiscal.
The company’s net profit for the year ended March 31, 2011 stood at Rs 87.35 crore, as against Rs 52.43 crore in the previous fiscal.
“Both the divisions of the company did extremely well. We increased efficiency as well as introduced value added products during the year,” HSIL President Mr RB Kabra told PTI.
The company’s net sales for the year ended March 31, 2011 stood at Rs 1,035.33 crore, compared to Rs 788.74 crore in the previous fiscal.
The company’s board has recommended a dividend of Rs 2.50 (125 per cent) on equity share of Rs 2 each, it said.
Shares of HSIL today closed at Rs 155.80 on the Bombay Stock Exchange, down 1.08 per cent from the previous close.
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