HSIL Q4 PAT jumps to Rs33cr, total income rises 36% yoy; Stock spurts 8%

The company delivered an EBITDA of Rs102cr in Q4FY21, registering a growth of 65.5% yoy.

May 11, 2021 09:05 IST India Infoline News Service

HSIL Ltd
HSIL Limited, India’s leading Packaging company, on Monday announced its financial results for the fourth quarter ending March 31, 2021. The company profit at Rs33.02cr in Q4FY21 against Rs3.38cr in Q4FY20.

The company reported a total income of Rs638cr, a growth of 36.3% yoy compared to Rs468cr in Q4FY20. EBITDA stood at Rs102cr in Q4FY21, a growth of 65.5% yoy compared to Rs61cr in Q4FY20 with EBITDA margins of 15.9%. EBIT of Rs72cr with EBIT margins of 11.2%.

In FY21, the total income of Rs1,881cr compared to Rs1879cr in FY20. The company reported EBITDA of Rs308cr, growth of 5.7% yoy compared to Rs291cr in FY20 with EBITDA margins of 16.4%. EBIT of Rs187cr with EBIT margins of 9.9%. Adjusted Net profit of Rs73cr with margins of 3.9%.

“HSIL continues to deliver sequential growth in topline for a successive third quarter in a row. Both business divisions registered a sequential as well as year on year growth. The Packaging Products Division reported revenue from Operations of Rs418cr, contributing 66% to the total revenues with a growth of 31.5% on yoy basis.

Building Products Division delivered revenue from Operations of Rs216cr, registering a growth of 59.7%. Packaging Products Division witnessed increased demand for glass bottles from multiple user segments thereby driving better volumes. The EBIT margins improved significantly from 11.2% in Q4 FY20 to 17.9% in Q4 FY21. The margins were driven by better product mix and higher operational efficiencies at the plants resulting in lower fuel and power costs per unit,” company said.

“Despite nation-wide lockdown at the beginning of the year, I am pleased with our Q4FY21 performance and have closed an otherwise challenging year on a strong note. The sales and profit growth also reflects the resilience of our business model. During the year, we focused on our costs and efficiencies to deliver a robust performance on a quarter-on-quarter basis.

The improvement in margins over the last year clearly demonstrates our abilities to work and deliver under uncertain times. For our future growth, we are investing in a greenfield project for specialty glass packaging and increasing our plastic pipes and fittings plant capacity. With a clear strategic direction, HSIL is well positioned to drive profitable growth in the coming years and create value for all stakeholders,” Sandip Somany, Vice Chairman and Managing Director, HSIL Limited, said.

At around 9.38 am, HSIL Ltd was trading at Rs187.00 up Rs14.05 or 8.12% from its previous closing of Rs172.95 per piece on the BSE.

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