Housing Development & Infrastructure News

HDIL Board Meeting Set for March 13, 2026

Housing Development and Infrastructure Limited announces board meeting to consider Q3 FY26 standalone unaudited financial results for quarter ended December 31, 2025.

HDIL Reports Q2 FY26 Loss of ₹489.74 Cr Under CIRP

Housing Development and Infrastructure Limited posted a net loss of ₹489.74 crores for H1 FY26 while undergoing Corporate Insolvency Resolution Process. Revenue declined significantly to ₹158.36 crores from ₹2,028.96 crores in the previous year.

HDIL Board Meeting Set for January 13, 2026

Housing Development and Infrastructure Limited announces board meeting to consider Q1FY26 and Q2FY26 unaudited financial results. Company remains under Corporate Insolvency Resolution Process since August 2019.

HDIL Appoints New Statutory Auditors for 5-Year Term

Housing Development and Infrastructure Limited's Committee of Creditors approves appointment of M/s. Dayal Lohia as statutory auditors for FY2025-26 to FY2029-30 during corporate insolvency proceedings.

HDIL Reports Sharp Quarterly Decline with ₹259.69 Lakh Loss Despite Annual Revenue Growth

Housing Development and Infrastructure Limited (HDIL) submitted its audited financial results for the quarter and year ended March 31, 2025. The company reported a net loss of ₹259.69 lakhs in Q4 FY2025, a significant decline from the ₹659.81 lakh profit in the previous quarter. Net sales dropped dramatically to ₹40.62 lakhs from ₹1,440.64 lakhs in Q3 FY2025. For the full year, HDIL showed improved performance with net sales rising to ₹3,395.61 lakhs from ₹204.59 lakhs in FY2024, while annual net loss reduced to ₹1.13 lakhs from ₹1,031.65 lakhs in the previous year. The company maintains negative net worth with total liabilities of ₹6,24,249.88 lakhs against total assets of ₹3,94,756.39 lakhs. HDIL continues under Corporate Insolvency Resolution Process since August 20, 2019, with Resolution Professional Mr. Abhay Narayan Manudhane managing affairs. Resolution plans have been approved for 6 verticals, with NCLT approving plans for 2 verticals. Auditors issued a disclaimer of opinion citing insufficient evidence due to ongoing insolvency proceedings and various compliance issues.