Housing Development & Infrastructure Limited Announces Unaudited Consolidated and Standalone Earnings Results for the Second Quarter and Six Months Ended September 30, 2018
November 13, 2018
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Housing Development & Infrastructure Limited announced unaudited consolidated and standalone earnings results for the second quarter and six months ended September 30, 2018. For the quarter, on standalone basis, the company announced revenue from operations of INR 3,000.0 million compared to INR 1,615.2 million a year ago. Total income was INR 3,040.9 million compared to INR 1,632.1 million a year ago. Profit before exceptional items and tax were INR 673.8 million compared to INR 165.0 million a year ago. Profit before tax was INR 673.8 million compared to INR 165.0 million a year ago. Profit for the period was INR 546.4 million or INR 1.22 per diluted share compared to INR 610.1 million or INR 0.85 per diluted share a year ago.
For the six months, on standalone basis, the company announced revenue from operations of INR 4,666.0 million compared to INR 2,473.5 million a year ago. Total income was INR 4,754.3 million compared to INR 2,530.7 million a year ago. Profit before exceptional items and tax were INR 978.7 million compared to INR 253.4 million a year ago. Profit before tax was INR 978.7 million compared to INR 253.4 million a year ago. Profit for the period was INR 794.5 million or INR 1.79 per diluted share earnings per share compared to INR 688.4 million or INR 1.59 per diluted share a year ago.
For the quarter, on consolidated basis, the company announced revenue from operations of INR 3,000.0 million compared to INR 1,615.2 million a year ago. Total income was INR 3,040.9 million compared to INR 1,630.7 million a year ago. Profit before exceptional items and tax were INR 671.5 million compared to INR 165.0 million a year ago. Profit before tax was INR 671.5 million compared to INR 165.0 million a year ago. Profit for the period was INR 544.1 million or INR 1.21 per diluted share compared to INR 610.1 million or INR 0.17 per diluted share a year ago.
For the six months, on consolidated basis, the company announced revenue from operations of INR 4,666.1 million compared to INR 2,473.5 million a year ago. Total income was INR 4,754.4 million compared to INR 2,527.2 million a year ago. Profit before exceptional items and tax were INR 975.3 million compared to INR 248.9 million a year ago. Profit before tax was INR 975.3 million compared to INR 248.9 million a year ago. Profit for the period was INR 791.0 million or INR 1.78 per diluted share compared to INR 683.9 million or INR 1.57 per diluted share 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 & Infrastructure Limited Announces Unaudited Consolidated and Standalone Earnings Results for the Second Quarter and Six Months Ended September 30, 2018