HDIL Q1 net profit rises 3% to Rs 59.24 crore

Realty firm Housing Development and Infrastructure Ltd (HDIL) today reported 3 per cent rise in its consolidated net profit at Rs 59.24 crore for the quarter ended June.

Its net profit stood at Rs 57.58 crore in the year-ago period, Mumbai-based HDIL said in a filing to the BSE.

Total income rose to Rs 272.51 crore in the first quarter of this fiscal from Rs 256.13 crore in the corresponding period of the previous year, it added.

The company's total expenditure rose to Rs 78 crore from Rs 15.03 crore during the period under review.

HDIL shares fell by nearly one per cent to settle at Rs 88.30 apiece on the BSE today.