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Indiabulls Real Estate zooms on reporting two fold jump in Q1 consolidated net profit

04 Aug 2015 Evaluate

Indiabulls Real Estate is currently trading at Rs 65.00, up by 3.20 points or 5.18% from its previous closing of Rs. 61.80 on the BSE.

The scrip opened at Rs. 66.00 and has touched a high and low of Rs. 66.80 and Rs. 64.35 respectively. So far 1016069 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 86.90 on 02-Feb-2015 and a 52 week low of Rs. 41.00 on 18-Jun-2015.

Last one week high and low of the scrip stood at Rs. 66.80 and Rs. 58.30 respectively. The current market cap of the company is Rs. 2993.98 crore.

The promoters holding in the company stood at 37.73% while Institutions and Non-Institutions held 27.91% and 34.25% respectively.

Indiabulls Real Estate has reported 13.30% fall in its net profit at Rs 2.02 crore for the quarter ended June 30, 2015 as compared to Rs 2.33 crore for the same quarter in the previous year. The company’s total income has increased by 49.80% to Rs 94.18 crore for the quarter under review from Rs 62.87 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported over two fold jump in its net profit after taxes and minority interest and Share of Profit/(Loss) of Associates at Rs 90.68 crore for the quarter ended June 30, 2015 as compared to Rs 38.85 crore for the same quarter in the previous year. Total income of the company has increased by 20.51% at Rs 751.35 crore for quarter under review as compared to Rs 623.48 crore for the quarter ended June 30, 2014.

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