Mumbai, July 29 - Housing Development and Infrastructure Ltd (HDIL) Wednesday reported a 66.19 percent fall in its net profit to Rs.107.47 crore in the quarter ended June 30, compared to Rs.317.94 crore in the same period last fiscal.

The total income of the company dipped 88.66 percent to Rs.318.62 crore during the period under review from Rs.601.13 crore in the April-June quarter last year.

The HDIL scrip fell sharply by 7.3 percent and was ruling at Rs.267.35, compared to its previous close of Rs.288.40.

The company also said it would issue securities worth $450 million.