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HSIL reports marginal rise in Q4 net profit

30 May 2012 Evaluate

HSIL has reported a marginal jump of 1.30% in its net profit to Rs 32.73 crore for the fourth quarter ended March 31, 2012 as compared to Rs 32.31 crore for the same period of previous fiscal. The company’s net sales rose 18.83% to Rs 388.72 crore for the fourth quarter ended March 31, 2012, as against Rs 327.11 crore in the corresponding period of previous fiscal.

For the year ended March 31, 2012, the company posted a net profit of Rs 110.10 crore, compared to Rs 87.35 crore in 2010-11, registering gain of 26.04%. The company’s net sales for the year ended March 31, 2012, rose 28.14% to Rs 1,322.85 crore, against Rs 1,032.38 crore during the previous fiscal.

The company's board has recommended a dividend of 150% for the year ended 2011-12.

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