Housing Development & Infrastructure Reports Strong Financial Performance for December 2024
Housing Development & Infrastructure (HDIL) announced its financial results for the quarter ending December 2024, highlighting significant growth in net sales, profit before tax, and profit after tax. The operating profit reached a five-quarter high, and earnings per share also peaked, indicating improved operational efficiency and profitability.
Housing Development & Infrastructure (HDIL) has recently reported its financial results for the quarter ending December 2024, revealing notable developments in its performance metrics. The company declared its financial results on February 14, 2025, showcasing a significant adjustment in its evaluation.For the half-yearly period, net sales reached Rs 14.83 crore, reflecting a substantial year-on-year growth. The profit before tax less other income (PBT) for the quarter stood at Rs 6.31 crore, marking a considerable increase compared to the average of the previous four quarters. Similarly, the profit after tax (PAT) was reported at Rs 6.60 crore, also showing a marked improvement over prior averages.
Additionally, the operating profit (PBDIT) reached its highest level in the last five quarters at Rs 6.96 crore, indicating a positive trend in operational efficiency. The earnings per share (EPS) also hit a peak of Rs 0.14, suggesting enhanced profitability for shareholders.
These results have led to a revision in the stock's score, reflecting the underlying positive trends in HDIL's financial performance.
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