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HDIL Q108-09 total income of Rs 588.03cr

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

Housing Development Infrastructure Ltd (HDIL),the infrastructure and real estate major has posted a net turnover of Rs.570.08 Crores for the quarter ended June 30, 2008 reflecting a growth of 28.60% over the first quarter of 2007-08.

The net profit for the first quarter rose by 56.86% at Rs. 317.93 Crores as compared to Rs. 202.68 Crores in the corresponding period of the previous year.The Profit before Tax (PBT) for the latest quarter stood at Rs 337.19 Crores as compared to Rs 228.91 Crores in the corresponding period of the last year. EPS for the quarter stood at Rs 14.84 per share and net worth is Rs 3942.35 Crore. During this quarter HDIL started the construction of approx 15 million sq ft (salcable & rehab area ) for rehabilitating approx 20000 families for Phase I of Mumbai Airport Slum Rehabilitation project , largest slum rehabilitation project in India

Commenting on the performance Mr. Sarang Wadhawan , Managing Director said, “ HDIL is on a growth track with bottomline and topline reflecting impressive uptrend.

The company is confident of executing all the projects on time and continues to register positive growth in the remaining part of the fiscal”.

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