Are H D I L latest results good or bad?

Housing Development & Infrastructure Limited (HDIL) has reported notable financial results for the quarter ending December 2024, indicating a significant turnaround in its performance. The company achieved net sales of Rs 14.83 crore for the half-yearly period, reflecting a year-on-year growth of 1,708.54%. This substantial increase in sales suggests a strong recovery trajectory for the company.
In terms of profitability, the Profit Before Tax less Other Income (PBT) for the quarter reached Rs 6.31 crore, which represents a considerable growth compared to the average PBT of the previous four quarters, which was negative. Similarly, the Profit After Tax (PAT) also demonstrated robust growth, amounting to Rs 6.60 crore, a notable increase over the previous four-quarter average, which was also negative.

The operating profit (PBDIT) reached Rs 6.96 crore, marking the highest level in five quarters. Additionally, the earnings per share (EPS) for the quarter was reported at Rs 0.14, the highest in the last five quarters, indicating improved profitability for shareholders.

The quarterly results also show a significant quarter-on-quarter growth in net sales of 3,330.95% compared to the previous quarter, along with a standalone net profit growth of 373.86%. The operating profit margin, although showing a change, reflects a notable performance improvement.

Overall, HDIL's latest financial results suggest a strong operational recovery and a positive shift in its financial health, leading to an adjustment in its evaluation.