Hubtown reports net loss of Rs 23.62 crore in Q4

31 May 2018

Hubtown has reported results for the fourth quarter and year ended March 31, 2018.

The company has reported a net loss of Rs 23.62 crore for the quarter ended March 31, 2018 as compared to net profit of Rs 6.41 crore for the same quarter in the previous year. Total income of the company decreased by 36.66% at Rs 168.65 crore for quarter under review as compared to Rs 266.26 crore for the quarter ended March 31, 2017.

For the year ended March 31, 2018, the company has posted 4-fold jump in its net profit at Rs 26.54 crore as compared to Rs 6.54 crore for the previous year. However, total income of the company decreased by 4.57% at Rs 605.21 crore for year under review as compared to Rs 634.21 crore for the year ended March 31, 2017.

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