Kolkata-based Hindusthan National Glass & Industries Ltd (HNG) reported a 19 per cent dip in net profit to Rs 26 crore for the April-June quarter on account of higher interest payouts and rising input costs. According to a company release, power and fuel costs went up by 35 per cent over the corresponding quarter. Interest payments rose over 62 per cent to Rs 20 crore. HNG, however, posted an 18 per cent increase in net sales to Rs 431 crore.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.