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Last Updated : Aug 14, 2019 05:50 PM IST | Source: PTI

HDIL Q1 net profit declines 67% to Rs 8.24 cr

Total income fell to Rs 96.50 crore during the April-June quarter of the financial year 2019-20 from Rs 171.35 crore in the corresponding period of the previous year, the Mumbai-based developer said in a regulatory filing.

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Realty firm HDIL on August 14 reported a 67 per cent decline in its consolidated net profit to Rs 8.24 crore for the first quarter of this fiscal on lower sales. It had posted a net profit of Rs 24.69 crore in the year-ago period.

Total income fell to Rs 96.50 crore during the April-June quarter of the financial year 2019-20 from Rs 171.35 crore in the corresponding period of the previous year, the Mumbai-based developer said in a regulatory filing.

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First Published on Aug 14, 2019 05:49 pm
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