HDIL Q3 profit down 84% at Rs 16 cr

Realty firm HDIL today reported 84 per cent decline in its consolidated net profit at Rs 16.22 crore for the quarter ended December on lower sales.
Its net profit stood at Rs 100.32 crore in the year-ago period, Mumbai-based firm said in a regulatory filing.
Total income also fell to Rs 116.44 crore in the third quarter of this fiscal from Rs 329.16 crore in the corresponding period of the previous year.
With a land reserve of 200.80 million square feet as on December 31, 2016, HDIL has about three decades of experience in the real estate & infrastructure having developed over 100 million sq ft area of commercial, residential and retail space.