Indiabulls Real Estate has reported results for fourth quarter ended March 31, 2012.

On the standalone basis, the company has reported net profit of Rs 3.20 crore for the quarter ended March 31, 2012, against net loss of Rs 8.15 crore for the corresponding period last fiscal.  However, total income decreased by 41.75% at Rs 31.53 crore during the quarter under review from Rs 54.13 crore in the year-ago period.

On the consolidated basis, the company has posted a rise of 159.83% in its net profit at Rs 56.02 crore for the quarter ended March 31, 2012 as compared to Rs 21.56 crore for the same quarter in the previous year.  However, total income has decreased by 26.52% at Rs 445.24 crore for quarter under review as compared to Rs 605.96 crore for the quarter ended March 31, 2011

For the full year ended March 31, 2012, on the standalone basis, the company has posted a fall of 68.45% in its net profit at Rs 14.45 crore for the year ended March 31, 2012 as compared to Rs 45.80 crore for the same period in the previous year. Total income has decreased by 10.71% at Rs 142.05 crore for year under review as compared to Rs 159.09 crore for the period ended March 31, 2011.

On the consolidated basis, the company has posted a rise of 3.79% in its net profit at Rs 165.81 crore for the year ended March 31, 2012 as compared to Rs 159.75 crore for the same period in the previous year. However, total income has decreased by 3.22% at Rs 1391.59 crore for year under review as compared to Rs 1437.89 crore for the period ended March 31, 2011.

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