Housing & Urban Development Corporation standalone net profit declines 20.81% in the March 2017 quarter

Sales decline 9.14% to Rs 879.98 crore

Net profit of Housing & Urban Development Corporation declined 20.81% to Rs 315.36 crore in the quarter ended March 2017 as against Rs 398.21 crore during the previous quarter ended March 2016. Sales declined 9.14% to Rs 879.98 crore in the quarter ended March 2017 as against Rs 968.48 crore during the previous quarter ended March 2016.

For the full year,net profit rose 7.40% to Rs 841.81 crore in the year ended March 2017 as against Rs 783.79 crore during the previous year ended March 2016. Sales rose 7.90% to Rs 3509.55 crore in the year ended March 2017 as against Rs 3252.48 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales879.98968.48 -9 3509.553252.48 8 OPM %94.9994.64 -86.5390.07 - PBDT385.65498.79 -23 1174.741071.94 10 PBT385.65498.79 -23 1174.741071.94 10 NP315.36398.21 -21 841.81783.79 7

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