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Indiabulls Power reports stellar Q1 numbers

22 Jul 2011 Evaluate

Indiabulls Power has reported results for its first quarter ended June 30, 2011.

The company’s net profit after extraordinary items for the quarter has zoomed by 444.20% at Rs 31.89 crore as compared to Rs 5.86 crore for the same quarter last year. Its total income has soared by 230.23% to Rs 42.50 crore for the quarter under review from Rs 12.87 crore for the corresponding quarter of the previous year.

On consolidated basis, the Group’s net profit after minority interest has registered a growth of 2445.30% at Rs 75.85 crore for the corresponding quarter previous year as compared to Rs 2.98 crore for the quarter ended June 30, 2010. Its total revenue has increased by 585.77% to Rs 100.74 crore for the quarter from Rs 14.69 crore for the similar quarter of the previous year.

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