Hindusthan National Glass & Industries Ltd has reported an increase in standalone net profit to Rs 30 crore for the quarter ended March. The company had reported a standalone net loss of nearly Rs 4 crore for the corresponding quarter last fiscal.
The board of directors has recommended a dividend of Rs 1.50 or 75 per cent on paid-up shares of face value Rs 2 each.
Net sales, according to the unaudited results of the company, rose by over 25 per cent to Rs 521 crore for the quarter compared with Rs 426 crore it reported in the same period last fiscal.
On a consolidated basis, net profit for the year stood Rs 47 crore and net sales Rs 2,026 crore. The company's stock closed flat at Rs 205 on the BSE on Tuesday.