>Hyderabad Industries Limited (GEOJIT)

Hyderabad Industries, flagship company of C.K. Birla group, has reported fabulous performance
for Q3 FY 2009. Turnover increased by 16.2% to Rs. 129.6 crore led by 14% higher sales of
Building product segment of Rs. 120.53 crore. Thermal Insulation business turnover jumped up by
43.9% to Rs. 9.02 crore (Rs. 6.27 crore). OPM% zoomed to 12.1% (0.9%) mainly led by reduction
in raw material cost (owing to softening of cement prices) to 51.6% (59.9%) of sales. Moreover,
with correction of demand-supply mismatch, company has been able to raise the prices of its
products. Consequently, PBT skyrocketed to 10.2 crore (loss of Rs. 2.3 crore). Further aided by
absence of extra ordinary expenses (Rs. 1.3 crore being provision for loss on Onerous contracts),
PAT shot up to Rs. 6.6 crore (loss of Rs. 1.9 crore).
For 9 months FY 2009, sales grew @ 23.8% to Rs. 435.1 crore. OPM% more than doubled to
15.3% (7.3%). Strong sales growth coupled with improved profitability led to tripling of PBT (before
extra ordinary items) to Rs. 54.3 crore (Rs. 17.6 crore). PAT zoomed by whooping 245.8% to Rs.
35.6 crore.
To see full report : HIL