HDIL's profitability margin hurt in Q1FY17

Housing Development and Infrastructure (HDIL) has declared its Q1FY17 results on Saturday. The company’s revenue has declined by 2.31 per cent to Rs 261 crore in Q1FY1 as compared to same period in previous financial year. Its EBITDA too has reduced by 17.37 per cent to Rs 157 crore in Q1FY17 on a yearly basis. HDIL’s EBITDA margin has contracted by 1101 basis points to 60.15 per cent in Q1FY17 as compared to same period in previous fiscal. The company’s net profit has declined by 29.98 per cent to Rs 40.96 crore in Q1FY17 on a yearly basis. Its net profit margin has contracted by 622 basis points to 15.71 per cent in Q1FY17 as compared to same period in previous financial year.

The share price of HDIL has decreased by 7.88 per cent on bourses in early trades; and is trading at Rs 94 on an intraday basis.

HDIL is engaged in real estate development and construction of residential and commercial properties, infrastructure facilities and other related activities. The company's residential projects range from apartment complexes to towers to townships. Its commercial projects comprise premium office spaces, as well as multiplex cinemas. It also has a multiplex business, which operates under the brand name Kulraj Broadway. HDIL has around five operational multiplexes.