HDIL Q1 net profit falls 82%

HDIL Q1 net profit falls 82%
12/08/2017 , by , in News/Views

Realty firm Housing Development and Infrastructure Ltd. (HDIL) today reported 82 per cent fall in consolidated net profit due to lower sales. The net profit for the first quarter ended June was recorded at Rs. 7.53 crore.

Its net profit stood at Rs 40.82 crore in the year-ago period, the Mumbai-based company said in a regulatory filing.

Total income fell to Rs 89.65 crore in the quarter under review from Rs 265.21 crore in the corresponding quarter of previous year.

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