Results     03-Jun-17
Analysis
Housing Development and Infrastructure
Sales down 62%, net up 28%
Related Tables
 Housing Development and Infrastructure : Consolidated Financial Results
Housing Development and Infrastructure registered 62% fall in consolidated revenue to Rs 132.09 crore for the quarter ended March 2017. However with its OPM expand by whopping 2960 bps to 50%, the fall at operating profit was restricted to 6% to Rs 66.01 crore. Despite lower operating profit the net profit was eventually higher by 28% to Rs 60.59 crore. Growth in high twenties at bottom line was largely due to higher other income, lower interest cost, lower depreciation and lower tax incidence.
  • Sales were lower by 62% to Rs 132.09 crore. Income recognised in the quarter was FSI sales of 10 lakh sft in Planet HDIL, Virar & TDR Sales of approx. 1 lakh sft and this is incomparison to recognition of income from Kurla commercial project and TDR of 3.5 lakh sft in corresponding previous quarter.
    Sharp 2960 bps jump in OPM was largely to do with change in revenue mix. The construction cost as proportion to sales was higher by 3880 bps to 81.8%. However all other cost heads registered sharp fall facilitating strong growth in OPM. The staff cost was down by 170 bps, the other expense was down by 786 bps and project specific interest was down by 1950 bps to 9.3%.
  • Other income was up by 337% to Rs 21.28 crore. The interest was down by 24% to Rs 9.74 crore and the depreciation was lower by 1% to RS 1.76 crore. Thus the PBT was up by 26% to Rs 75.79 crore. The taxation was up by 17% to Rs 14.91 crore in absolute terms but the tax rate was lower 19.7% compared to 21.1% in corresponding previous period. Thus the PAT was up by 28% to Rs 60.88 crore. The minority interest was flat at share of loss of Rs 0.01 crore. Thus the PAT after MI was up by 28% to Rs 60.89 crore. The other comprehensive income was an expense of Rs 0.30 crore, an increase of 76%. Thus the net profit was up by 28% to Rs 60.59 crore.

Yearly performance

Sales were down by 38% to Rs 723.77 crore and the OPM were up by 450 bps to 31.9% and the operating profit was down by 28% to Rs 231.20 crore. After accounting for higher other income, lower interest and lower depreciation the PBT was down by 23% to Rs 211.68 crore. The taxation was up by 140% to Rs 56.80 crore and thus the PAT was down by 39% to Rs 154.88 crore. After accounting for higher minority interest a share of loss of Rs 0.11 crore, a rise of 10% and lower other comprehensive income (down 69% to Rs 23.56 crore) the net profit was down by 46% to Rs 178.55 crore.

Previous News
  Housing Development & Infrastructure reports standalone net loss of Rs 2.04 crore in the June 2023 quarter
 ( Results - Announcements 28-Sep-23   07:35 )
  Housing Development & Infrastructure reports standalone net loss of Rs 1.61 crore in the June 2024 quarter
 ( Results - Announcements 14-Aug-24   15:25 )
  Housing Development & Infrastructure revises board meeting date
 ( Corporate News - 07-Apr-21   10:06 )
  HDIL spurts as bank withdraws petition before NCLT
 ( Hot Pursuit - 16-Nov-17   15:17 )
  Housing Development & Infrastructure schedules board meeting
 ( Corporate News - 30-May-22   10:47 )
  IL&FS Transportation Networks Ltd leads losers in 'A' group
 ( Hot Pursuit - 11-Jan-19   15:00 )
  Housing Development & Infrastructure standalone net profit declines 52.24% in the December 2018 quarter
 ( Results - Announcements 14-Feb-19   17:08 )
  HDIL spurts after promoter hikes stake
 ( Hot Pursuit - 24-Jun-19   15:21 )
  HDIL jumps after special committee OKs allotting warrants to promoter
 ( Hot Pursuit - 15-Jan-18   09:50 )
  Housing Development & Infrastructure sells development rights for land in Mumbai
 ( Corporate News - 21-Dec-15   17:26 )
  HDIL slumps over 36% in five sessions
 ( Hot Pursuit - 09-Aug-17   11:48 )
Other Stories
  Transrail Lighting
  06-Jun-25   19:40
  Ipca Laboratories
  02-Jun-25   10:36
  Apollo Hospitals Enterprise
  02-Jun-25   10:27
  Fiem Industries
  02-Jun-25   10:10
  Vodafone Idea
  02-Jun-25   09:44
  Sun TV Network
  02-Jun-25   09:36
  India Nippon Electricals
  01-Jun-25   15:35
  Lumax Auto Technologies
  01-Jun-25   15:34
  Bajaj Auto
  31-May-25   13:41
  Josts Engineering Company
  31-May-25   13:29
Back Top