Net up at Rs 270.23 crores; PAT at at Rs. 270.23 Crore
MUMBAI, January 24, 2008: Housing Development and Infrastructure Limited (HDIL), leading real estate developer has announced its results for the third quarter ended 31st December, 2007, showing robust growth across its business verticals. The revenue stands at Rs. 516.51 Crores up from 481.72 crores and PAT stood at Rs 270.23 Crores, up from 229.37 crores for the second quarter ended 30th September, 2007 respectively.
The EPS of the company stood at Rs 12.61 for the quarter ended 31st December, 2007.
The Profit After Tax has grown by 17.82% as compared to the quarter ended 30th September 2007. EBIDTA currently stands at 68.13% of 31st December, 2007.
The company's total revenue for the nine months stands at R 1444.07 crores and the net profit for the first nine months of the current financial year is placed at Rs 702.28 crore.
ABOUT HDIL
HDIL a leading real estate developer with significant operations in the Mumbai Metropolitan Region is a part of the Wadhawan Group, which has been involved in real estate development for almost three decades. As of 31st December, 2007, the Land bank of HDIL stands at around 132 million sq.ft
The company has very recently bagged the prestigious slum rehabilitation project of MIAL which aims at rehabilitating slums on or around Mumbai airport spread over an area of 276 acres. The company also has been shortlisted by the State Government for bidding for the prestigious Dharavi Slum Rehabilitation Project. The company is also in the process of executing commercial, residential, and retail projects across the country.
For Further Information Contact:
Darshan Majumdar, Company Secretary, Tel: 91-22-2658 3500
OR
Judith Monteiro, Concept PR, M - 9323691562 O -22076317 - 21
Concept PR