• Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Realasset Realasset
moneycontrol.com

Home » News » Earnings » Results- Company Press Conference

Nov 11, 2011, 04.18 PM | Source: CNBC-TV18

HDIL's profits tumble, company to hike prices by 15-20%

Real estate developer Housing Development and Infrastructure (HDIL) reported a net profit of Rs 148 crore, on a consolidated basis for the second quarter of FY12.

Like this story, share it with millions of investors on M3

HDILs profits tumble, company to hike prices by 15-20%

Real estate developer Housing Development and Infrastructure (HDIL) reported a net profit of Rs 148 crore, on a consolidated basis for the second quarter of FY12.

Post Your Comments

Share Cancel

HDILs profits tumble, company to hike prices by 15-20%
Real estate developer Housing Development and Infrastructure (HDIL) reported a net profit of Rs 148 crore, on a consolidated basis for the second quarter of FY12. The realty company witnessed a fall of 30.8% as compared to Rs 214 crore in the corresponding quarter of last fiscal.

Addressing the press, Sarang Wadhawan, vice chairman and managing director of HDIL said that the average interest cost moved up to 14% from 13.2% year-on-year and tax provision increased to 25% from 15% during the same period.

"We increased prices by 15% on residential segment and we expect to further increase prices by 15-20% going forward," he added.

Watch the accompanying video for the complete press conference

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
HDILs profits tumble, company to hike prices by 15-20%

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login