Saturday, November 10, 2012

HDIL Q2 net profit up 177% YoY to Rs 158.6 cr


Mumbai based Housing Development and Infrastructure’s (HDIL) net profit rose 177 percent year-on-year to Rs 158.6 crore in the second quarter of current financial year.

Total income too grew quite strongly (63 percent) to Rs 246 crore from Rs 151 crore during the same period.

Other income increased significantly (69%) to Rs 59.1 crore in the three months period ended September 2012 from Rs 35 crore in the corresponding quarter of last fiscal.

At 13:14 hours IST, the stock gained 0.5 percent to Rs 106.25 on the Bombay Stock Exchange. The share price rose 2 percent initially when the results announced but later on it saw somewhat profit booking.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd


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