Hubtown reports over two-fold rise in Q1 net profit

18 Aug 2012

Hubtown has reported results for first quarter ended June 30, 2012.

On standalone basis, the company has reported a rises of 163.47% in its net profit at Rs 45.45 crore for the quarter, as compared to Rs 17.25 crore for the same quarter in the previous year. Total income of the company has increased by 1.33% to Rs 66.18 crore for the quarter under review as compared to Rs 65.31 crore for the quarter ended June 30, 2011.

Hubtown formerly known as Ackruti City specializes in slum rehabilitation authority schemes and by May 2011 the group had executed various projects aggregating over 13.80 million square feet.

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