HIL Limited sharply up on profits in Q3 results

HIL stock is up over 2% on the announcement of its Q3FY17 results. While the company showed a net income decline from Rs. 214.55 crore in last December's quarter to Rs. 198.6 crore this Q3, the company showed a significant net profit improvement of Rs. 8.06 crore, compared to losses in last year's quarter.

This is another quarter in a row that HIL has shown profits, after declaring a Rs 9.17 crore profit for Q2FY17. The company has also declared an interim dividend of Rs. 10 per share (100%) on equity shares of Rs. 10 each.