Hot Pursuit     20-May-10
Hindusthan National Glass slides on lower Q4 net profit
Hindusthan National Glass & Industries declined 1.81% to Rs 198 at 12:55 IST on BSE, after net profit fell 9.5% to Rs 24.38 crore in Q4 March 2010 over Q4 March 2009.

Meanwhile, the BSE Sensex was up 129.64 points, or 0.79% to 16,538.13.

On BSE, 11,347 shares were traded in the counter as against an average daily volume of 37,962 shares in the past one quarter.

The stock hit a high of Rs 205.85 and a low of Rs 196.45 so far during the day.

The company's equity capital is Rs 17.47 crore. Face value per share is Rs 2.

Hindusthan National Glass & Industries' net sales rose 10.3% to Rs 378.13 crore in Q4 March 2010 over Q4 March 2009. The company declared its results after market hours on Wednesday, 19 May 2010.

Net profit surged 44% to Rs 155.20 crore on 3.7% increase in net sales to Rs 1359.90 crore in the year ended March 2010 over the year ended March 2009.

At the time of announcing the results, the board of directors of the company recommended a dividend of Rs 1.50 per share (75%) for the year ended March 2010.

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