Net profit of HSIL rose 63.67% to Rs 25.50 crore in the quarter ended December 2018 as against Rs 15.58 crore during the previous quarter ended December 2017. Sales rose 26.97% to Rs 735.72 crore in the quarter ended December 2018 as against Rs 579.45 crore during the previous quarter ended December 2017.

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HSIL will hold a meeting of the Board of Directors of the Company on 31 January 2019.

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HSIL announced that CARE Ratings has reviewed the ratings on the long term bank facilities of Rs. 1294.40 crore (enhanced from Rs. 1214.40 crore) of the Company and assigned the CARE A+ (single A plus; Outlook; Stable) (Removed from Credit watch) and on the short term bank facilities of Rs. 300 crore (enhanced from Rs. 285 crore) of the Company and retained the CARE A1+ (A One Plus) (Removed from Credit watch).

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The result was announced after market hours yesterday, 29 October 2018.

Meanwhile, the S&P BSE Sensex was up 8.13 points or 0.02% at 34,075.53

On the BSE, 3,676 shares were traded on the counter so far as against the average daily volumes of 3,478 shares in the past two weeks. The stock had hit a high of Rs 235.90 and a low of Rs 223.65 so far during the day.

HSIL is engaged in the manufacture and distribution of sanitary-ware and glass containers primarily in India.

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