Realty firm Housing Development & Infrastructure (HDIL) today reported over 43 per cent rise in net profit for the quarter ended September, 2010, at Rs 213.78 crore.
The Mumbai-based company had recorded Rs 148.59 crore net profit in the corresponding quarter last fiscal, it said in a communique to the Bombay Stock Exchange.
Total revenue of the company increased to Rs 372.65 crore during the July-September quarter of the current fiscal from Rs 353.70 crore in the year-ago period.
"Our strong financial results represent the robust performance of our company. Our focus will continue to remain on execution of affordable housing properties within our existing land banks as we see a healthy rise in demand for this category," Sarang Wadhawan, managing director, HDIL said.
The company said it has around 87 million sq ft saleable area currently under construction which includes 20 ongoing projects.