HSIL jumped 7.63% to Rs 186.15 after the company's net profit surged to Rs 33.02 crore in Q4 FY21 as against Rs 3.38 crore in Q4 FY20.
Net sales during the quarter increased 37.3% year-on-year (YoY) to Rs 633.21 crore. The Packaging Products division reported revenue from operations of Rs 418 crore, contributing 66% to the total revenues with a growth of 31.5% on year-on-year (YoY) basis. The division witnessed increased demand for glass bottles from multiple user segments thereby driving better volumes.
Building Products division delivered revenue from operations of Rs 216 crore, registering a growth of 59.7%.
The company delivered EBITDA of Rs 102 crore, registering a robust growth of 65.5% on YoY basis. EBITDA margins improved to 15.9% in Q4 FY21 compared with 13.1% in Q4 FY20.