The stock of HIL turned out to be one of the strongest performers in 2020/21, with its market cap surging 10-fold from the lows of March 2020
PRO Only Highlights
– Quarterly performance largely backed by improved realisations
– Medium-term triggers China plus and protectionist measures for tyre industry
– Valuations not inexpensive; but improved medium-term outlook
The September quarter earnings of Hyderabad Industries (HIL) has turned out to be a mixed bag. Though the company delivered a decent top-line growth, margins hit a multi-quarter low as steep cost inflation led to a sharp contraction in operating margins. September result snapshot Quarterly revenues increased 8 percent year on year (YoY) to Rs 766 crore, led by a strong performance in the Building Solutions and the Polymer Solutions businesses. However, the EBITDA (earnings before interest, tax, depreciation and amortisation)…
