HSIL's Q4 profit rises 47% to Rs 48 crore

NEW DELHI: Sanitary ware and bathroom equipment maker HSIL Ltd today reported a net profit of 46.99 per cent at Rs 48.11 crore for the fourth quarter ended March 31, 2013.

The company had posted a net profit of Rs 32.73 crore in the same period of previous fiscal, HSIL said in a filing to the BSE.

Net sales of the company stood at Rs 494.69 crore for the quarter ended March 31, 2013, compared to Rs 388.72 crore during the same period of previous fiscal.

HSIL's net sales for the financial year 2012-13 stood at Rs 1,550.28 crore against Rs 1,322.85 crore in 2011-12 fiscal.

However, HSIL's profit for the financial year ended in March, 2013, declined to Rs 99.12 crore compared to Rs 110.1 crore in 2011-12 fiscal.

In a separate filing to BSE, HSIL informed that its Board of Directors has recommended payment of dividend of 150 per cent, which would be Rs three per equity share of Rs two each for the year ended March 31, 2013.

However, it would be subject to shareholders' approval at its Annual General Meeting, the company said.

Shares of HSIL closed today at Rs 98.85, down 3.51 per cent from its previous close on the BSE.