HDIL Q1 net profit dips 12%
Aug 12 2011 , New Delhi
The company had posted a net profit of Rs 216.36 crore in the corresponding period last year, HDIL said in a filing to the Bombay Stock Exchange (BSE).
The consolidated total revenue during the first quarter, however, increased by 12.39 per cent to Rs 511.81 crore from Rs 455.37 crore in the year-ago period, it added.
The company's board also approved change in designation of its Managing Director Sarang Wadhawan to Vice-Chairman and Managing Director.
The shares of the company were trading 1.03 per cent higher at Rs 117.80 apiece in afternoon trade on the BSE.