+
HITES Net Profit Surges 31%
ECONOMY & POLICY

HITES Net Profit Surges 31%

HLL Infra Tech Services Ltd. (HITES) has announced a significant 31% rise in net profit for the fiscal year 2024, reaching Rs 3.286 billion. This impressive growth reflects the company's strong performance and effective execution of strategic initiatives amidst challenging market conditions.

HITES, a subsidiary of Hindustan Lifecare Limited (HLL), operates in the infrastructure and healthcare sectors, providing a wide range of services including consultancy, engineering, and procurement. The company's robust financial results underscore its resilience and ability to capitalise on emerging opportunities in its target markets.

The surge in net profit is attributed to HITES' focus on delivering value-added solutions and services to its clients, combined with prudent financial management practices. The company's ability to adapt to changing market dynamics and leverage its expertise in infrastructure and healthcare sectors has contributed to its sustained growth and profitability.

HITES' strong financial performance in FY24 is expected to bolster investor confidence and support the company's continued expansion and diversification efforts. With a solid foundation and a track record of success, HITES is well-positioned to capitalise on future growth prospects and deliver sustainable value to its stakeholders.

The announcement of a 31% increase in net profit reinforces HITES' position as a leading player in the infrastructure and healthcare services sectors. It reflects the company's commitment to excellence and its ability to generate value for shareholders even in challenging operating environments.

HLL Infra Tech Services Ltd. (HITES) has announced a significant 31% rise in net profit for the fiscal year 2024, reaching Rs 3.286 billion. This impressive growth reflects the company's strong performance and effective execution of strategic initiatives amidst challenging market conditions. HITES, a subsidiary of Hindustan Lifecare Limited (HLL), operates in the infrastructure and healthcare sectors, providing a wide range of services including consultancy, engineering, and procurement. The company's robust financial results underscore its resilience and ability to capitalise on emerging opportunities in its target markets. The surge in net profit is attributed to HITES' focus on delivering value-added solutions and services to its clients, combined with prudent financial management practices. The company's ability to adapt to changing market dynamics and leverage its expertise in infrastructure and healthcare sectors has contributed to its sustained growth and profitability. HITES' strong financial performance in FY24 is expected to bolster investor confidence and support the company's continued expansion and diversification efforts. With a solid foundation and a track record of success, HITES is well-positioned to capitalise on future growth prospects and deliver sustainable value to its stakeholders. The announcement of a 31% increase in net profit reinforces HITES' position as a leading player in the infrastructure and healthcare services sectors. It reflects the company's commitment to excellence and its ability to generate value for shareholders even in challenging operating environments.

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?