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Housing Development & Infrastructure Ltd.

BSE: 532873 Sector: Infrastructure
NSE: HDIL ISIN Code: INE191I01012
BSE 00:00 | 03 Aug 5.39 -0.17
(-3.06%)
OPEN

5.55

HIGH

5.79

LOW

5.36

NSE 00:00 | 03 Aug 5.35 -0.20
(-3.60%)
OPEN

5.70

HIGH

5.75

LOW

5.35

OPEN 5.55
PREVIOUS CLOSE 5.56
VOLUME 248670
52-Week high 8.92
52-Week low 2.72
P/E
Mkt Cap.(Rs cr) 255
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 5.55
CLOSE 5.56
VOLUME 248670
52-Week high 8.92
52-Week low 2.72
P/E
Mkt Cap.(Rs cr) 255
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Housing Development & Infrastructure Ltd. (HDIL) - Chairman Speech

Company chairman speech

The Key to success is focus on goals not obstacles.

All said and done Indian economy is full of opportunities a 7% GDP growth rate forthe sixth biggest economy in the world is no small feat. We have all the key ingredientsneeded for sustained growth compounding significant size strong growth rate andimportantly a prolonged period of time during which this growth will sustain driven byour young demographics.

The year that passed by was a very challenging and eventful. Reforms introduced by theGovernment will continue and we expect few more structural strengthening initiatives fromthe government which may construe as Disruptions. However Disruptions pave way forcreation and offers new opportunities we often forget that this opportunity will have itsfair share of challenges uncertainty and risks. Often these are very transitory whilesometimes they may last for a long time. However eventually things get ease out. In factour hypothesis with India has been that a dislocation that lasts about four to fivequarters happens every four to five years. And we have seen that play out as well. Ananalysis of the last 90-odd quarters showed around 10-12 significant ‘crises' in themarket. Despite these dislocations the long-term growth trajectory for India continues tohold steady. So while at any point of time India might not be a good picture to watch inthe long-term it is definitely a great movie to see!

The second half of FY19 and the ensuing market dislocation must be seen in a similarcontext. Eight months on while borrowing costs continue to be higher than normal theborrowing tap is slowly hopping back to normalcy. We do expect the marginal slowdown andelevated borrowing costs to continue for a quarter or two consistent with our hypothesisof four to five quarters of slowdown. In such a backdrop our focus in the year was onfurther reduction of debt and monetization of our assets which we believe will lead toeschewed growth in favour of building strength and stability

Long-Term Outlook

The current slowdown is nowhere a reflection of India's long-term potential whichcontinues to be very optimistic. The greatest challenge during such a slow phase is notjust figuring out ways to ease the pain of the slowdown but also having the faith andgumption to trust in the long-term.

We remain committed to creating long-term value for all our stakeholders many thanksfor all your support feedback and kind words.

Warm regards

Rakeshkumar Wadhawan

Executive Chairman

HDIL

.