New Delhi, Aug. 11 -- Building materials major HIL Limited, part of the $2.4-billion CK Birla Group, has announced the financial results for the quarter ending June 30, 2020. The company reports decline in revenues by 8% to Rs 693 crore in Q1 FY21 as against Rs 751 crore over the same quarter of FY20.
"Our operations in India and Europe posted a very good result in these tough times on account of the quick revival of roofing segment post lockdown, e-business and DIY focus by our subsidiary Parador Germany combined with an aggressive focus on cost reduction undertaken during the quarter," the company's CEO & MD Dhirup Roy Choudhary said in a press release.
Roy Choudhary added, "The company is facing severe headwinds on account of an inevit...