Housing Development and Infrastructure said a substantial rise in consolidated net profit for the quarter ended September 2014. During the quarter, the profit of the company rose 35.53% to Rs 578.70 million from Rs 427.00 million in the same quarter last year.
Net sales for the quarter declined 38.79% to Rs 2,653.30 million, compared with Rs 4,334.70 million for the prior year period.
Earnings per share for the quarter stood at Rs 1.38, registering 35.29% growth over previous year period.
| Quarterly Results - consolidated (Rs in mn) |
| As at | Sep - 14 | Sep - 13 | %Change |
| Net Sales | 2,653.30 | 4,334.70 | (38.79) |
| Net Profit | 578.70 | 427.00 | 35.53 |
| Basic EPS | 1.38 | 1.02 | 35.29 |
Shares of the company gained Rs 0.9, or 1.04%, to trade at Rs 87.85. The total volume of shares traded was 713,411 at the BSE (1.27 p.m., Friday).
