Housing Development and Infrastructure Limited Reports Standalone and Consolidated Unaudited Earnings Results for Third Quarter and Nine Months Ended December 31, 2018
February 14, 2019 at 03:56 am EST
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Housing Development and Infrastructure Limited reported standalone and consolidated unaudited earnings results for third quarter and nine months ended December 31, 2018. For the quarter, on standalone basis, the company reported total income of INR 919.5 million, net profit of INR 91.6 million or INR 0.19 basic per share compared to the total income of INR 1,011.2 million, net profit of INR 191.8 million or INR 0.44 basic per share for the same quarter a year ago. Revenue from operations was INR 880.7 million compared to INR 991.0 million a year ago.
For the year to date, on standalone basis, the company reported total income of INR 5,673.8 million, net profit of INR 861.5 million or INR 1.88 basic per share compared to the total income of INR 3,541.8 million, net profit of INR 880.3 million or INR 2.71 basic per share for the same period a year ago. Revenue from operations was INR 5,546.7 million compared to INR 3,464.4 million a year ago.
For the quarter, on consolidated basis, the company reported total income of INR 2,259.4 million, net profit of INR 197.1 million or INR 0.42 basic per share compared to the total income of INR 1,009.2 million, net profit of INR 189.6 million or INR 0.43 basic per share for the same quarter a year ago. Revenue from operations was INR 2,220.6 million compared to INR 991.0 million a year ago.
For the year to date, on consolidated basis, the company reported total income of INR 7,013.7 million, net profit of INR 988.0 million or INR 2.16 basic per share compared to the total income of INR 3,536.2 million, net profit of INR 873.5 million or INR 2.00 basic per share for the same period a year ago. Revenue from operations was INR 6,886.6 million compared to INR 3,464.4 million a year ago.
Housing Development and Infrastructure Limited is an India-based real estate development company. The Companyâs operations include real estate business, from residential, commercial, and retail projects to slum rehabilitation to land development. Its residential projects range from apartment complexes to towers to townships. The commercial projects comprise premium office spaces as well as multiplex cinemas. In retail, the Company is focused on building shopping malls. It also handles slum rehabilitation projects under a government scheme administered by the Slum Rehabilitation Authority (SRA), offering development rights in exchange for clearing and redeveloping slum lands, while providing replacement housing for the displaced slum dwellers. Its residential projects include Majestic Tower, Whispering Towers, Residency Park II, Planet HDIL, Premier Exotica, Harmony, Metropolis, Galaxy Apartments, Paradise City, Berkeleys Square, Meadows, and HDIL Hyderabad.
Housing Development and Infrastructure Limited Reports Standalone and Consolidated Unaudited Earnings Results for Third Quarter and Nine Months Ended December 31, 2018