Indiabulls Real Estate has reported results for its third quarter ended December 31, 2011.
The company has posted a 65.80% contraction in net profit of Rs 6.68 crore for the quarter ended December 31, 2011 as compared to Rs 19.53 crore for the same quarter in the previous year. Total income has increased by 3.20% from Rs 54.96 crore for Q3FY11 to Rs 56.72 crore in the quarter under review.
On the consolidated basis the group has posted a net profit fall of 45.46% to Rs 41.78 crore for the quarter ended December 31, 2011 as compared to Rs 76.61 crore in the same quarter last year. Total Income of the company declined by 9.70% to Rs 377.32 crore for the quarter compared to Rs 417.83 crore in the quarter, year ago.