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