Housing Development and Infrastructure swung to a profit for the quarter ended March 2014. During the quarter, the company reported a profit of Rs 1,136.90 million compared with a loss of Rs 2,799.50 million in the same quarter previous year.
Net sales for the quarter jumped 46.38% to Rs 2,089.20 million, compared with Rs 1,427 million for the prior year period.
Earnings per share stood at Rs 2.71 compared with negative Rs 6.68 in the same quarter last year.
Quarterly Results - (Rs in mn) |
As at | Mar - 14 | Mar - 13 | %Change |
Net Sales | 2,089.20 | 1,427.20 | 46.38 |
Net Profit | 1,136.90 | (2,799.50) | - |
Basic EPS | 2.71 | (6.68) | - |
Shares of the company gained Rs 5.4, or 5.62%, to trade at Rs 101.55. The total volume of shares traded was 5,886,079 at the BSE (3.51 p.m., Friday).