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Realty firm Housing Development and Infrastructure Ltd (HDIL) today reported a 30 per cent decline in net profit at ₹ 40.89 crore for the quarter ended June 30, 2016.
It had posted a net profit of ₹ 58.42 crore in the year ago period, Mumbai—based developer said in a regulatory filing.
Income from operations fell marginally to ₹260.71 crore in the first quarter of this fiscal from ₹ 266.75 crore in the corresponding period of the previous year.
Total income stood at ₹265.21 crore for the quarter ended June against ₹272.58 crore in the year-ago period.
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