|
| Exchange Disseminated Time | Housing Development and Infrastructure Ltd has announced the following results for the quarter & year ended March 31, 2015:
The Standalone Results are as follows :
The Audited results for the Quarter ended March 31, 2015
The Company posted a net profit of Rs. 334.40 million for the Quarter ended March 31, 2015 where as the same was at Rs. 1504.40 million for the Quarter ended March 31, 2014. Total Income is Rs. 1534.00 million for the Quarter ended March 31, 2015 where as the same was at Rs. 2394.80 million for the Quarter ended March 31, 2014.
The Audited results for the Year ended March 31, 2015
The Company has posted a net profit of Rs. 2263.50 million for the year ended March 31, 2015 where as the same was at Rs. 2448.60 million for the year ended March 31, 2014. Total Income is Rs. 10909.40 million for the year ended March 31, 2015 where as the same was at Rs. 9404.40 million for the year ended March 31, 2014.
- "The Company follows "Project Completion method" and accordingly results on quarter to quarter basis may not be comparable. During the quarter ended March 2014, the Company had sold its investment in an Associate Company and sale consideration was part of Other income amounting to Rs. 4,445 lacs. Further during the quarter ending March 2014 there was reversal of Income tax provision of Rs. 3,563 lacs. Accordingly financial results are not comparable with Quarter ending March 2015."
The Consolidated Results are as follows :
The Audited Consolidated results for the Quarter ended March 31, 2015
The Group has posted a net profit after taxes, minority interest and share of profit of associates of Rs. 318.90 million for the Quarter ended March 31, 2015 where as the same was at Rs. 1135.20 million for the Quarter ended March 31, 2014. Total Income is Rs. 1626.80 million for the Quarter ended March 31, 2015 where as the same was at Rs. 2592.70 million for the Quarter ended March 31, 2014.
The Audited Consolidated results for the Year ended March 31, 2015
The Group has posted a net profit after taxes, minority interest and share of profit of associates of Rs. 2186.60 million for the year ended March 31, 2015 where as the same was at Rs. 1775.70 million for the year ended March 31, 2014. Total Income is Rs. 10831.20 million for the year ended March 31, 2015 where as the same was at Rs. 9536.40 million for the year ended March 31, 2014.
- "The Company follows "Project Completion method" and accordingly results on quarter to quarter basis may not be comparable. During the quarter ended March 2014, the Company had sold its investment in an Associate Company and sale consideration was part of Other income amounting to Rs. 4,445 lacs. Further during the quarter ending March 2014 there was reversal of Income tax provision of Rs. 3,563 lacs. Accordingly financial results are not comparable with Quarter ending March 2015." |
|
|