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Edited Transcript of HDIL.NSE earnings conference call or presentation 14-Aug-19 11:30am GMT

Q1 2020 Housing Development and Infrastructure Ltd Earnings Call

Mumbai Sep 3, 2019 (Thomson StreetEvents) -- Edited Transcript of Housing Development and Infrastructure Ltd earnings conference call or presentation Wednesday, August 14, 2019 at 11:30:00am GMT

TEXT version of Transcript

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Corporate Participants

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* Darshan Majmudar

Housing Development and Infrastructure Limited - Company Secretary & CFO

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Presentation

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Operator [1]

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Ladies and gentlemen, good day, and welcome to the HDIL Q1 FY '20 Earnings Conference Call. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Darshan Majmudar, CFO and Company Secretary. Thank you, and over to you.

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Darshan Majmudar, Housing Development and Infrastructure Limited - Company Secretary & CFO [2]

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Thanks, Stephen. Good evening, everybody. For the results of HDIL for the quarter -- first quarter ended June 30, 2019, the total income of the company for this quarter on standalone basis is INR 96.50 crores. And PBT before tax, it is INR 10.51 crores, and profit after tax is INR 8.42 crores.

On a consolidated basis, the turnover is same, INR 96.50 crores; and the EBITDA is INR 15.39 crores; and the net profit after tax is INR 8.42 crores. Basically, this has come about from the sale of FSI, significantly sizable amount of this from the sale of FSI, and the INR 11 crores and odd amount from the sale of residential units. Else, Mr. Sarang Wadhawan has been maintaining throughout that our focus is only on debt reduction. And so far, this quarter, we have done the same. We have reduced PAT -- reduction of debt, and we'll continue to do so. And hopefully, for the next 3 quarters, we will see that coming as -- trend down or kind of sizeable amount of debt. Thank you. I'm open to questions for this call now.

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Questions and Answers

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Operator [1]

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(Operator Instructions)

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Darshan Majmudar, Housing Development and Infrastructure Limited - Company Secretary & CFO [2]

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Stephen, I think there are no questions on the queue as of now.

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Operator [3]

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No, sir. No questions as of now.

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Darshan Majmudar, Housing Development and Infrastructure Limited - Company Secretary & CFO [4]

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Okay.

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Operator [5]

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(Operator Instructions)

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Darshan Majmudar, Housing Development and Infrastructure Limited - Company Secretary & CFO [6]

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Stephen, I think there are no questions and not likely that participants have any questions. So we'll call it a day then?

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Operator [7]

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Sure, sir. I mean as of now, there are no questions. Do you want me to give more reminders?

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Darshan Majmudar, Housing Development and Infrastructure Limited - Company Secretary & CFO [8]

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I mean we have waited for more than 5-10 minutes.

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Operator [9]

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All right. So any closing comments, sir?

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Darshan Majmudar, Housing Development and Infrastructure Limited - Company Secretary & CFO [10]

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So I mean there are no participants. I mean they are in listening mode. So I wish just on behalf of Sarang Wadhawan here. Excuse him because of a sudden (inaudible) He couldn't attend this call. But on behalf of the company and Sarang Wadhawan, I would only add that we have over-endeavored to reduce debt. That is our primary focus. And we will ensure that there is a program for monetization of assets and liquidation of our (inaudible). That is full concern. And as far as the projects are concerned, to whatever projects are on hand, we are making it sure -- ensuring that we are completing on time. We should be able to do that. And our all efforts are there for all the stakeholders to maximize our resources. That's all. Thank you so much, everybody.

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Operator [11]

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Thank you. Ladies and gentlemen, on behalf of HDIL, that concludes this conference. Thank you for joining us, and you may now disconnect your lines.