This Financial Year Revenue has surpassed the 1000 Crores milestone for Hindware. The Net Profit surged by 67% to cross 87 crores and this momentum has strengthened across all Business Divisions of the company. Today the conditions are in place for driving accelerated growth, increased capacity, improved manufacturing efficiency and expanding sales network. The effort of cost control has also resulted in improved margins.

Few unique highlights of this Financial Year include the annual revenue increase by 33% nearing 1,110 crores , EBITDA growth of 40% crossing 216 crores , EBIT Margin improved by 234 basis points to 15.75%, Net Profit had very healthy surge of 67% crossing 87 crores, Cash Profit growth of 41% to 160 crores which is indicative of the company’s financial strength and an EPS jump of 52% touching 14.47 per share. The Container Glass Division at Hindware had a gross revenue growth of 31% which is 591 crores , the Building Products Division gross revenue growth of 35% which is 517 crores . The Quarter 4 2010-11result highlights have been as heartening with a Quarter revenue growth of 28% YoY (Year over Year) to 351 crores , EBIT improvement of 42% to 55 crores . Cash Profit of Hindware improved by 18% which is close to 47 crores , the Container Glass Division quarterly gross revenue growth was 30% which is close to 206 crores and the Building Products Division quarterly gross revenue growth was of 25% to 145 crores .

HSIL has surpassed the Growth Guidance for FY 2010-2011 for Sales and EBITDA by 3.32% and 8.25% respectively. Board of Directors have recommended a dividend of 125%, dividend of 2.50 on face value of 2. HSIL crossed the 1000 crore milestone in annual revenue, with a healthy increase of 33% over the last financial year. A 94% surge in net profit was a result of increased capacity, acquisitions, improvement in manufacturing efficiency, extension of sales network, and control of costs. Both business divisions contributed strongly to HSIL’s commendable performance for the year and for the quarter results. HSIL has established a sound foundation for accelerated growth. Mr. Sandip Somany, JMD, HSIL shared, “Crossing the 1000 crore milestone is a major achievement for all of us at HSIL. All quarters have had healthy growth for a strong financial growth of the company. Highest quarterly sales in Q4 2011 and annual sales in FY 2011 for both divisions have been achieved. Ongoing business expansion and business improvement initiatives have demonstrated favourable outcomes. Focused approach towards customers through deeper penetration in the market, new product introductions and market promotions have had an overarching benefit for business dynamics. Our consistent and dedicated focus on premium products across all product categories in the Building Products Division continues to depict favourable results.