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Indiabulls Real Estate strengthens on reporting marginal rise in Q3 consolidated net profit

22 Jan 2016 Evaluate

Indiabulls Real Estate is currently trading at Rs 52.95, up by 1.60 points or 3.12% from its previous closing of Rs 51.35 on the BSE.

The scrip opened at Rs 52.90 and has touched a high and low of Rs 53.60 and Rs 52.00 respectively. So far 450214 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. 56.60 and Rs. 48.30 respectively. The current market cap of the company is Rs. 2433.04 crore.

The promoters holding in the company stood at 42.68% while Institutions and Non-Institutions held 15.47% and 41.72% respectively.

Indiabulls Real Estate has registered 159.21% rise in its net profit at Rs 8.03 crore for third quarter ended December 31, 2015, as compared to Rs 3.10 crore for the same quarter in the previous year. However, total income of the company has decreased 8.93% at Rs 81.15 crore for Q3FY16 as compared Rs 89.11 crore for the corresponding quarter previous year.

On the consolidated basis, the company’s net profit rose 2.14% to Rs 80.44 crore for the Q3 FY16 as compared to Rs 78.76 crore in Q3 FY15. However, total income declined 6.49% to Rs 681.49 crore in the quarter under review as compared to Rs 728.79 crore in the corresponding quarter previous year.

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