HDIL net up 35% at ₹43 cr

Housing Development and Infrastructure Ltd, on a consolidated basis, has posted a 35 per cent rise in net profit at ₹58 crore for the quarter ended September 30 against ₹43 crore logged in the same quarter last year. Total income was lower at ₹305 crore (₹444 crore). HDIL said it follows the ‘project completion method’ and hence, results on quarter-to-quarter basis may not be comparable. On Friday, the company scrip closed 1.38 per cent higher at ₹88.15 on the BSE.