Hindusthan Urban Infrastructure Reports Narrowed Losses in Q1
Hindusthan Urban Infra reported a reduced net loss of Rs 17.85 lacs in Q1, down from Rs 145.55 lacs year-over-year. Revenue from operations grew 4.37% to Rs 6,379.20 lacs. The company signed a Share Purchase Agreement with DCM Shriram Limited to sell its material subsidiary, Hindusthan Speciality Chemicals Limited. On a consolidated basis, including the subsidiary, the company reported a total revenue of Rs 11,522.12 lacs and a net loss of Rs 2,337.07 lacs. The company also appointed new Secretarial Auditors and re-appointed Cost Auditors.