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HDIL post 162% growth in net profit & 100% gwth in revenues

This article was posted on May 21, 2008 and is filed under Press Releases

HDIL has posted a total income of Rs.989.48 crores for the Fourth Quarter 2007 – 2008, reflecting a growth of 92.03% over the Third Quarter 2007 -2008. The Profit Before Tax (PBT) for the latest quarter stood at 809.32 crores as compared to 307.42 crores in the Third Quarter. The Net Profit for Fourth Quarter indicated a 162% growth at 708.23 crores compared to the Third Quarter 07-08 which was at 270.22 crores.

Income for year 2007-08 stood at Rs.2432.32 crores and has grown by 99.94% as compared to year 2006-07. PAT for the current year stood at Rs Rs. 1410.51,reflecting a growth of 160.33% as compared to year 2006-07. EBITDA margin for year 2007-08 has increased to 71.64% from 54.56%. Networth for year is Rs.3635.68 crores reflecting growth of 412.96% as compared to year 2006-07.

EPS for the year stood at Rs.69.20 per share and has grown by around 129.90% as compared to last year which stood at 30.10.

The company has announced a bonus issue in the ratio of 2:7 (2 shares for every 7 shares held) and has declared a final dividend of 50% subject to the approval of shareholders. Commenting on the performance Mr. Sarang Wadhawan, Managing Director said” The robust growth of the Company continued in the Fourth Quarter as well. Company is executing several projects in all business verticals of real estate and expects a strong growth for the current year 2008-09.

Sourced From: Concept Public Relations India Pvt. Ltd

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