Mumbai: Housing Development and Infrastructure Ltd (HDIL) Wednesday reported a 31.58% decline in net profit at Rs184.88 crore for the third quarter ended December 31, 2008.
The real-estate developer had a net profit of Rs270.23 crore in the third quarter of FY’08, HDIL said in a filing to the Bombay Stock Exchange.
The total revenue declined 35% to Rs334.73 crore for the quarter under review, from Rs515.28 crore in the corresponding period last year.
During the nine months ended December 2008, HDIL posted a net profit of Rs768.51 crore, a 9.43% growth over the year-ago period. It had a net profit of Rs702.28 crore in the third quarter of previous fiscal.
The total income of the city-based firm declined 1.18% to Rs1,425.79 crore during the nine-month period, from Rs1,442.84 crore in the same period last fiscal.
Shares of HDIL were trading at Rs89.70, down 1.10% in the late afternoon trade on the BSE.