Housing Development and Infrastructure (HDIL) has reported a fall of 12.5% (YoY) in profits for the first quarter of FY12. During the period, consolidated profit of the company declined to Rs 189 crore as against Rs 216 crore in the corresponding quarter last fiscal.
However, consolidated net sales went up 12.5% to Rs 512 crore from Rs 455 crore year-on-year.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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