HDIL Q1 profit jumps over threefold at Rs 24.7 crore
Realty firm HDIL on Tuesday reported more than threefold jump in consolidated net profit at Rs 24.70 crore on higher sales. Its net profit stood at Rs 7.54 crore in the year-ago period, the Mumbai-based company said in a regulatory filing. Total income rose to Rs 171.35 crore during April-June, 2018-19 from Rs 89.65 crore in the year-ago period. The company's finance cost came down to Rs 73 crore from Rs 92 crore earlier. The board approved allotment of two crore equity shares to Sarang Wadhawan, promoter of the company, post conversion of warrants at about Rs 70.50.
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