New Delhi: Mumbai-based Housing Development and Infrastructure Ltd’s (HDIL’s) consolidated net profit went down by 66 percent at Rs 8.24 crore for the first quarter ended June 2019 as compared to Rs 24.69 crore in the same quarter of the previous fiscal, according to a regulatory filing.
The net sales of the company recorded a 44 percent decline at Rs 96.5 crore in the latest quarter as against Rs 171.35 crore in the same quarter of the previous fiscal.
HDIL allotted 2 crore equity shares to promoter Sarang Wadhawan against conversion of warrants at the rate of Rs 31.10 per share.