Housing Development and Infrastructure reports over three fold jump in Q1 consolidated net profit

31 Jul 2014

Housing Development and Infrastructure (HDIL) has reported results for first quarter ended June 30, 2014.

The company’s net profit for the quarter jumped over two fold at Rs 60.06 crore as compared to Rs 24.16 crore for the quarter ended June 30, 2013. Its total income has increased by 84.24% to Rs 273.86  crore for the quarter under review from Rs 148.64 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported over three fold jump in its net profit at Rs 56.69 crore for the quarter as compared to Rs 16.25 crore for the same quarter in the previous year. Total income from operations has increased by 59.24% at Rs 256.13 crore for quarter under review as compared to Rs 160.84 crore for the quarter ended June 30, 2013.

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