Housing Development & Infrastructure (HDIL) has reported results for the second quarter ended September 30, 2011.
The company’s net profit for the quarter has declined 24.42% at Rs 148.55 crore as compared to Rs 196.54 crore for the corresponding quarter of the previous year. The company’s total income has increased by 13.89% at Rs 450.09 crore for the second quarter of the current fiscal from Rs 395.18 crore for the corresponding quarter of the previous 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).