Construction firm Housing Development and Infrastructure Ltd (HDIL) today posetd a 32% drop in net profit for the thrid quarter ended December, 2011 at Rs 156 crore, according to a release filed with the Bombay Stock Exchange (BSE).
The net profit for the corresponding quarter last fiscal was posted at Rs 228 crore.
Total revenues for the quarter under review decreased 9% to Rs 423 crore from Rs 463 crore in the same quarter last year.
At 1307 hours, the shares of HDIL were up 2.26% trading at Rs 99.65 per share on the BSE.
