HDIL shares slide 9% on dip in June qtr profit

Shares of realty firm Housing Development and Infrastructure Ltd (HDIL) today slumped nearly 9 per cent after the company reported a 30 per cent decline in net profit for the quarter ended June 30.
The stock plunged 8.81 per cent to Rs 92.05 on BSE.
At NSE, shares of the company dropped 8.73 per cent to Rs 92.
HDIL on Saturday reported a 30 per cent decline in net profit at Rs 40.89 crore for the quarter ended June 30.
It had posted a net profit of Rs 58.42 crore in the year-ago period, Mumbai-based developer had said in a regulatory filing.

Income from operations fell marginally to Rs 260.71 crore in the first quarter of this fiscal from Rs 266.75 crore in the corresponding period of the previous year.
Total income stood at Rs 265.21 crore for the quarter ended June against Rs 272.58 crore in the year-ago period.