Housing Development & Infrastructure consolidated net profit rises 28.00% in the March 2017 quarter

Sales decline 61.62% to Rs 129.51 crore

Net profit of Housing Development & Infrastructure rose 28.00% to Rs 60.89 crore in the quarter ended March 2017 as against Rs 47.57 crore during the previous quarter ended March 2016. Sales declined 61.62% to Rs 129.51 crore in the quarter ended March 2017 as against Rs 337.41 crore during the previous quarter ended March 2016.

For the full year,net profit declined 38.58% to Rs 154.99 crore in the year ended March 2017 as against Rs 252.33 crore during the previous year ended March 2016. Sales declined 38.43% to Rs 710.20 crore in the year ended March 2017 as against Rs 1153.56 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales129.51337.41 -62 710.201153.56 -38 OPM %120.8957.02 -86.3067.17 - PBDT77.5562.04 25 219.18283.87 -23 PBT75.7960.26 26 211.68275.87 -23 NP60.8947.57 28 154.99252.33 -39

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