Housing Development and Infrastructure Limited Announces the Consolidated and Standalone Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017
February 14, 2018 at 06:30 am
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Housing Development and Infrastructure Limited announced the consolidated and standalone unaudited earnings results for the third quarter and nine months ended December 31, 2017. on standalone basis for the quarter, the company reported, total income of INR 1,011.2 million as compared to INR 1,039.2 million same period last year. Profit before exceptional item and tax was INR 270.8 million as compared to profit of INR 505.5 million same period last year. Profit before tax was INR 270.8 million as compared to profit of INR 505.5 million same period last year. Profit was INR 191.8 million or 0.43 basic and diluted earnings per share as compared to profit of INR 378.9 million or 0.87 basic and diluted earnings per share same period last year.
On standalone basis, for the months, the company reported, total income of INR 3,541.8 million as compared to INR 5,925.8 million same period last year. Profit before exceptional item and tax was INR 524 million as compared to profit of INR 1,330.5 million same period last year. Profit before tax was INR 524 million as compared to profit of INR 1,330.5 million same period last year. Profit was INR 880 million or 2.02 basic and diluted earnings per share as compared to profit of INR 1,157.7 million or 2.71 basic and diluted earnings per share same period last year.
On consolidated basis, for the quarter, the company reported total income of INR 1,009.2 million as compared to INR 1,164.4 million same period last year. Profit before exceptional item and tax was INR 268.5 million as compared to profit of INR 532.8 million same period last year. Profit before tax was INR 268.5 million as compared to profit of INR 532.8 million same period last year. Profit was INR 189.6 million or 0.43 basic and diluted earnings per share as compared to profit of INR 402.2 million or 0.93 basic and diluted earnings per share same period last year. The PVT was at INR 268.4 million. The EBITDA was at INR 346.4 million. The PAT was at INR 186.0 million, this is reduced from September 30, 2017, which was at INR 609.8 million. The EPS was at INR 0.43 compared to INR 1.4 on September 30, 2017. The total turnover was INR 991.0 million. The net debt on a consolidated basis was INR 23,860 million.
On consolidated basis, for the months, the company reported total income of INR 3,536.2 million as compared to INR 6,049.1 million same period last year. Profit before exceptional item and tax was INR 517.3 million as compared to profit of INR 1,359.5 million same period last year. Profit before tax was INR 517.3 million as compared to profit of INR 1,359.5 million same period last year. Profit was INR 873.5 million or 2 basic and diluted earnings per share as compared to profit of INR 1,180.6 million or 2.76 basic and diluted earnings per share same period last year.
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 Announces the Consolidated and Standalone Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017