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HDIL has reported results for the second quarter ended September 30, 2013.

The company has reported 68.73% fall in its net profit at Rs 49.59 crore for the quarter as compared to Rs 158.57 crore for the same quarter in the previous year. However, total income of the company has increased by 48.04% at Rs 452.34 crore for quarter under review, as compared to Rs 305.56 crore for the quarter ended September 30, 2012.

On the consolidated basis, the group has registered a fall of 69.62% in net profit after taxes, minority interest and share of profit / (loss) of associates at Rs 42.70 crore as compared to Rs 140.55 crore in the same quarter previous year. However, total income of the group rose by 66.10% to Rs 443.90 crore for quarter under review, as against Rs 267.24 crore in corresponding quarter previous year.

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