Housing Development & Infrastructure Limited Announces Unaudited Consolidated and Standalone Earnings Results for the Second Quarter and Half Year Ended September 30, 2017
November 14, 2017 at 06:30 am
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Housing Development & Infrastructure Limited announced unaudited consolidated and standalone earnings results for the second quarter and half year ended September 30, 2017. For the quarter, on standalone basis, the company announced revenue from operations of INR 1,615.2 million compared to INR 2,185.1 million a year ago. Total income was INR 1632.1 million compared to INR 2,233.9 million a year ago. Profit before exceptional items and tax were INR 165.0 million compared to INR 371.1 million a year ago. Profit before tax was INR 165.0 million compared to INR 371.1 million a year ago. Profit for the period was INR 610.1 million or INR 1.41 per basic and diluted share earnings per share compared to INR 367.9 million or INR 0.85 per basic and diluted earnings per share a year ago.
For the half year, on standalone basis, the company announced revenue from operations of INR 2,473.5 million compared to INR 4,790.5 million a year ago. Total income was INR 2,530.7 million compared to INR 4,886.6 million a year ago. Profit before exceptional items and tax were INR 253.4 million compared to INR 825.0 million a year ago. Profit before tax was INR 253.4 million compared to INR 825.0 million a year ago. Profit for the period was INR 688.4 million or INR 1.59 per basic and diluted share earnings per share compared to INR 778.8 million or INR 1.83 per basic and diluted earnings per share a year ago.
For the quarter, on consolidated basis, the company announced revenue from operations of INR 1,615.2 million compared to INR 2,185.4 million a year ago. Total income was INR 1,630.7 million compared to INR 2,232.6 million a year ago. Profit before exceptional items and tax were INR 163.7 million compared to INR 375.5 million a year ago. Profit before tax was INR 163.7 million compared to INR 375.5 million a year ago. Net profit for the period attributable to owners of the parents was INR 608.7 million or INR 1.40 per basic and diluted share earnings per share compared to INR 370.5 million or INR 0.86 per basic and diluted earnings per share a year ago. EBITDA is at INR 248.0 million. The profit after tax stands at INR 609.7 million. The profit being higher, profit after tax being higher is due to the reversal of provisioning of income tax of approximately INR 440 million. The net worth of the company stands at INR 115,443.6 million.
For the half year, on consolidated basis, the company announced revenue from operations of INR 2,473.5 million compared to INR 4,792.6 million a year ago. Total income was INR 2,527.2 million compared to INR 4,884.7 million a year ago. Profit before exceptional items and tax were INR 249.0 million compared to INR 826.6 million a year ago. Profit before tax was INR 249.0 million compared to INR 826.6 million a year ago. Net profit for the period attributable to owners of the parents was INR 684.2 million or INR 1.57 per basic and diluted share earnings per share compared to INR 777.7 million or INR 1.83 per basic and diluted earnings per 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 Half Year Ended September 30, 2017