Housing Development and Infrastructure (HDIL) has reported unaudited results for the first quarter ended June 30, 2011.
The company’s net profit for the quarter ended June 30, 2011 declined by 10.78% at Rs 209.07 crore as compared to Rs 234.33 crore for the corresponding quarter last year. Its total income increased 11.19% at Rs 539.44 crore for the quarter under review from Rs 485.14 crore for the same quarter last year.
On consolidated basis, the Group has posted a fall of 12.45% in its net profit after taxes, Minority Interest and Share of Profit of Associates at Rs 189.43 crore as compared to Rs 216.36 crore for the quarter ended June 30, 2010. Its total income has increased by 11.52% at Rs 522.07 crore for the quarter under review as compared to Rs 468.16 crore for the similar quarter of the previous year.