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Moneycontrol > News > Business

Nov 11, 2011, 04.18 PM IST

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.

Source: CNBC-TV18

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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. 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

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Action in Housing Development and Infrastructure

Views
Hold HDIL, says Sudarshan Sukhani Jun 18, 14:15
52 Week Low / Low
HDIL has hit 52wk low of Rs 35.85 on NSE Jun 17, 10:36
All Time Low / Low
HDIL has hit an all time low of Rs 36.60 on BSE Jun 17, 10:35
All Time Low / Low
HDIL has hit an all time low of Rs 37.20 on NSE Jun 13, 09:20
52 Week Low / Low
HDIL has hit 52wk low of Rs 37.20 on NSE Jun 13, 09:18
All Time Low / Low
HDIL has hit an all time low of Rs 38.35 on NSE Jun 11, 09:20
52 Week Low / Low
HDIL has hit 52wk low of Rs 38.35 on NSE Jun 11, 09:16
All Time Low / Low
HDIL has hit an all time low of Rs 38.70 on NSE Jun 10, 09:50
52 Week Low / Low
HDIL has hit 52wk low of Rs 38.70 on NSE Jun 10, 09:50
Views
Avoid HDIL; buy DLF, Prestige, Nitesh Estates: Sukhani Jun 07, 17:30
News
HDIL puts Kochi land on block to mobilise funds Jun 05, 17:45
Views
Buy Ashok Leyland, Chambal Fertilizer, sell HDIL: Joshi Jun 05, 14:00
All Time Low / Low
HDIL has hit an all time low of Rs 39.80 on NSE Jun 03, 09:20
52 Week Low / Low
HDIL has hit 52wk low of Rs 40.05 on NSE Jun 03, 09:16
All Time Low / Low
HDIL has hit an all time low of Rs 43.50 on BSE May 31, 09:20
52 Week Low / Low
HDIL has hit 52wk low of Rs 43.50 on BSE May 31, 09:16
Bulk Deals
HDIL Bulk Deal on NSE on May-30, Client: CREDIT SUISSE (SINGAPORE) LIMITED A/C CREDIT SUISSE (SINGAP, Tran: Buy, Qty: 500000, Traded@ 44.63, Close@ 44.60 May 30
Bulk Deals
HDIL Bulk Deal on NSE on May-30, Client: CITIGROUP GLOBAL MARKETS MAURITIUS PRIVATE LIMITED, Tran: Sell, Qty: 2504000, Traded@ 44.93, Close@ 44.60 May 30
Bulk Deals
HDIL Bulk Deal on NSE on May-30, Client: CREDIT SUISSE (SINGAPORE) LIMITED A/C CREDIT SUISSE (SINGAP, Tran: Sell, Qty: 3959880, Traded@ 45.65, Close@ 44.60 May 30
Views
Remain negative on realty, don't buy HDIL: Mehraboon Irani May 30, 17:00

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