Hyderabad Industries soars on reporting 60% jump in Q3 net profit

24 Jan 2012

Hyderabad Industries is currently trading at Rs 339.30, up by 12.40 points or 3.79% from its previous closing of Rs 326.90 on the BSE.

The scrip opened at Rs 328.95 and has touched a high and low of Rs 344.75 and Rs 325.15 respectively. So far 18147 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 516.00 on 25-Jan-2011 and a 52 week low of Rs 255.00 on 19-Dec-2011.

Last one week high and low of the scrip stood at Rs 344.75 and Rs 305.20 respectively. The current market cap of the company is Rs 251.12 crore.

The promoters holding in the company stood at 41.40% while Institutions and Non-Institutions held 8.99% and 49.60% respectively.  

Hyderabad Industries has reported results for its third quarter ended December 31, 2011.

The company has posted a 59.50% surge in its net profit to Rs 10.16 crore for the quarter ended December 31, 2011 as compared to Rs 6.37 crore for the same quarter in the previous year. Total income has increased by 14.59% from Rs 168.87 crore in Q3FY11 to Rs 193.51 crore in the quarter under review.

Hyderabad Industries (HIL) is a flagship company of the C.K.Birla group of companies. HIL has led the cement industry for well over five decades. Today HIL is a multi product, multi location organization with a formidable network of branches, depots, stockists and personnel spread all over India.

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