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Home >Companies >HDIL posts a net loss of 69.6% in September quarter
Shares of HDIL rose 2.41% to `42.5 on BSE at 2.00pm, while the exchange’s benchmark Sensex index gained 1.15% to 20,425.79 points. Photo: Abhijit Bhatlekar/Mint
Shares of HDIL rose 2.41% to `42.5 on BSE at 2.00pm, while the exchange’s benchmark Sensex index gained 1.15% to 20,425.79 points. Photo: Abhijit Bhatlekar/Mint

HDIL posts a net loss of 69.6% in September quarter

Total revenue increased 67.7% to `433.47 crore

Mumbai: Housing Development Infrastructure Ltd (HDIL) posted a 69.6% drop in net profit at 42.7 crore for the July-September quarter as construction and other expenses increased.

Total revenue increased 67.7% to 433.47 crore but profits were held back by a 176% jump in construction costs to 97.7 crore and a rise in overall expenditure to 186.6 crore.

HDIL’s net debt as of 30 June was 3,630 crore after the developer reduced its debt by 203 crore in the June quarter.

Shares of HDIL rose 2.41% to 42.5 on BSE at 2.00pm, while the exchange’s benchmark Sensex index gained 1.15% to 20,425.79 points.

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