HDIL Q2 net profit falls 5% at Rs 141 crore

Realty firm Housing Development and Infrastructure Ltd (HDIL) today reported over 5 percent decline in consolidated net profit at Rs 140.55 crore for the quarter ended September 30 due to lower sales.

[caption id=“attachment_520854” align=“alignleft” width=“380”] The Mumbai-based company had posted net profit of Rs 148.54 crore in the year-ago period. Reuters[/caption]

The Mumbai-based company had posted net profit of Rs 148.54 crore in the year-ago period.

HDIL’s revenue fell by 41 percent at Rs 258.56 crore during the July-September quarter of 2012-13 fiscal, as against Rs 441.63 crore in the corresponding period of last fiscal, according to company’s filing on the BSE.

PTI