HIL, the leading company in its sector, reported its consolidated quarterly figures, indicating a downward trend in key financial metrics for September 2023.
The company’s net sales stood at Rs 723.22 crore, reflecting a 5.32% decrease from the previous year’s figure of Rs. 763.87 crore in September 2022.
Furthermore, the quarterly net loss for September 2023 was reported at Rs. 15.78 crore, representing a substantial 133.09% decline from the Rs. 6.77 crore loss recorded in September 2022. HIL’s EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) also witnessed a significant downturn, standing at Rs. 8.06 crore, down by 58.81% from Rs. 19.57 crore in September 2022.
Despite these challenges, HIL shares exhibited a resilient performance in the stock market. On November 1, 2023, HIL shares closed at 2,831.60 on the NSE, showing a return of 4.31% over the last 6 months.
However, the company faced a setback, with its share price dropping to ₹2,697.55 at 2:30 pm, marking a 4.73% decline.
