Indiabulls Real Estate reports 20% fall in Q4 consolidated net profit

23 Apr 2014

Indiabulls Real Estate has reported results for fourth quarter and year ended March 31, 2014

The company has posted a sharp decline of 91.05% in its net profit at Rs 10.83 crore for the quarter ended March 31, 2014 as compared to Rs 121.05 crore for the same quarter in the previous year. Total income from operations of the company has decreased by 63.35% at Rs 70.07 crore for quarter under review as compared to Rs 191.18 crore for the quarter ended March 31, 2013.

On consolidated basis, the company has reported 19.79% fall in its net profit at Rs 41.67 crore for the quarter ended March 31, 2014 as compared to Rs 51.95 crore for the same quarter in the previous year. Total income from operations of the company went down by 19.09% at Rs 341.85 crore for quarter under review as compared to Rs 422.53 crore for the quarter ended March 31, 2013.

For the year ended March 31, 2014, the company has posted a fall of 46.18% in its net profit at Rs 144.55 crore as compared to Rs 268.56 crore for the same period in the previous year. Total income from operations of company has declined by 34.16% at Rs 387.59 crore for year under review as compared to Rs 588.66 crore for the period ended March 31, 2013.

For the year ended March 31, 2014, on the consolidated basis, the company has posted a rise of 28.50% in its net profit at Rs 223.84 crore as compared to Rs 174.20 crore in FY13. Total income from operations of company has increased by 33.70% at Rs 1799.97 crore for year under review as compared to Rs 1346.28 crore for the period ended March 31, 2013.

 

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