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Hindusthan National Glass expects margins to improve in Q4

22 Dec 2011 Evaluate

Hindusthan National Glass & Industries Ltd (HNG) expects its margins to improve in the January-March quarter of the current fiscal. However, no such significant improvement in margins is expected in the current quarter. There will be a pressure on margins as the company might find it difficult to pass on the effect of the rise in input costs to its customers. The company's operating profit, as a percentage of net sales, dipped from 12 per cent during the quarter ended June to 9 per cent during the quarter ended September.

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