HDIL crumbles and falls
By
Research Desk
about 10 years ago
Right from the opening bell, HDIL has held strong to its position of being the top loser on the BSE. Tumbling down almost 8% to Rs.93 levels, the market has given its Q1FY17 a clear thumbs down.
The realty major posted a 30% (YoY) decline in consolidated net profit at Rs.41 crore on a 2% fall in total income at Rs.261 crore. The profit at EBITDA level was better only on account of lower cost – consolidated EBITDA was up 17% at Rs.190 crore and margins rose from 71.4% to 60.3%.