Companies

HDIL net slips 5% at Rs 141 cr

Our Bureau New Delhi | Updated on March 12, 2018 Published on November 09, 2012

Real estate firm Housing Development and Infrastructure has posted a five per cent dip in net profit at Rs 141crore (Rs 149 crore) for the quarter ended September 30.

Revenues were down 41 per cent at Rs 259 crore (Rs 442 crore). Sarang Wadhawan, Vice-Chairman & Managing Director, said: “In the current quarter, the company launched 1.4 million sq ft of saleable area. Our focus continues to be on project execution and debt reduction.”

On Friday, the company scrip closed 1.32 per cent lower at Rs 104.35 on the BSE.

Published on November 09, 2012
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