HDIL Q2 net profit up 64% at Rs 60.87 crore

<p style="text-align: justify;">Realty firm HDIL today reported 64 per cent increase in its consolidated net profit at Rs 60.87 crore for the quarter ended September.</p> <p style="text-align: justify;">Its net profit stood at Rs 37.03 crore in the year-ago period, the Mumbai-based company said in

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Published - Nov 15, 2017 5:07 AM

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Realty firm HDIL today reported 64 per cent increase in its consolidated net profit at Rs 60.87 crore for the quarter ended September.

Its net profit stood at Rs 37.03 crore in the year-ago period, the Mumbai-based company said in a regulatory filing.

Total income, however, fell to Rs 163.07 crore in the second quarter of this fiscal from Rs 223.26 crore in the corresponding period of the previous year.

Profit rose sharply as the company reported tax benefits of Rs 44.5 crore during the quarter ended September.

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