Part of the $2.4 billion CK Birla Group, HIL, which is one of Asia’s leading building material solutions company, announced the financial results for the quarter ending March 31, 2021. These have been the highest ever Q4 and full year numbers for top line and bottom line where the company achieved total net profit of Rs 62.6 crore in Q4 FY 2020-21 which is 163% higher compared to corresponding quarter in FY 2019-20. The company achieved overall revenue growth of 31% to Rs 844 crore in Q4 FY 2020-21 as against Rs 645 crore over the same period of previous year.

Business performance highlights from continued operations for Q4 FY21 vs Q4 FY20:

Business performance highlights from continued operations for the full year 2020-21:

Dhirup Roy Choudhary, CEO & MD, HIL said, “During the last four years, we have re-defined our vision, mission and core values and made HIL a global company towards a “One-stop Building Material Solutions”. Dependency on revenue from asbestos business reduced significantly. We have grown 3x in top line and 4x in operating profitability in last five years. Our current year results demonstrate the overall resilience of our employees and our robust business model. Despite continued pandemic related uncertainty, we managed to generate a top line growth of 19% for the full year. We continue enhancing our business efficiency and performance as we navigate the Covid-19 environment. I would want to thank our team for their exceptional work under extraordinary circumstances, delivering strong results and our committed channel partners for their continued support. As the infrastructure projects pick up, we are confident of seeing more orders across our product portfolio including our roofing solutions, building solutions and polymer segments. Continuous focus on driving business through new channels – e-business and DIY stores along with huge passion and commitments from our European colleagues were key success factors to positively impact the Flooring business. As a company, we are applying digital mechanisms from manufacturing to distribution and steps like this are helping us post a strong performance.”

Established in 1946, HIL is a flagship company of the $2.4 Billion conglomerate, CK Birla Group. The company offers comprehensive building materials and solutions since last 74 years and has achieved market leadership by developing and marketing most sustainable and relevant products which are future ready, high quality and have innovation at its core. HIL has 5 major brands- Charminar, Birla Aerocon, Charminar Fortune, Birla HIL and German flooring brand, Parador. The company boasts of 22 state-of-the art manufacturing facilities in India, and two manufacturing sites in Germany and Austria. It is committed to innovation through dynamic R&D facilities in India and Germany. Having pioneered in green technology keeping in mind the paradigm shifts to green building materials almost a decade ago, HIL diversified into vast range of products that are environmentally viable and conducive.

Given its strong emphasis on customer centricity, HIL also ensures a widespread reach through an extensive sales and distribution network spread across India and 80+ countries globally. Its strengths are truly its employees, loyal dealers and satisfied customers. With consistent efforts to grow the business sustainably, HIL is also certified as Great Place to Work® in a third consecutive year and Dhirup Roy Choudhary, it’s MD and CEO was awarded as “The Most Promising Business Leader of Asia” three times in a row by the Economic Times. The company also has been a recipient to the Iconic Brand Award, Asia’s Most Trusted Company Award, Best Company of the Year Award and has been maintaining the Superbrand status for many years now.