HDIL Q2 net profit falls 5% at Rs 140.55 cr

Nov 09 2012, 21:12 IST
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SummaryThe Mumbai-based company had posted net profit of Rs 148.54 crore in the year-ago period.

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

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

HDIL's revenue fell by 41 per cent 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.

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