Realty player Housing Development and Infrastructure (HDIL) has posted 31.72% decline in net profit to Rs 155.8 crore for the third quarter ended December 31. The company had posted net profit of Rs 228.19 crore in the October-December period last fiscal.

Total sales during the period stood at Rs 422.57 crore, registering an 8.8% decline over Rs 463.35 crore in the corresponding period last year.

HDIL is a real estate development company. Its business activity comprises of construction and development of residential projects, commercial, retail and slum rehabilitation projects. It is also engaged in construction of special economic zone (SEZ).

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