HDIL announces 31.58% plunge in NP in Dec qtr

Housing Development and Infrastructure (HDIL) has declared its unaudited results for the quarter ended December 31, 2008.

The net profit of the company fell by 31.58%, to Rs 184.88 crore for the quarter ended December 31, 2008, against Rs 270.23 crore in a corresponding quarter a year ago.

Total revenue also decreased by 35%, to Rs 334.73 crore as compared to Rs 515.28 crore in the previous year period.