Indiabulls Real Estate’s Q1 consolidated net up over three folds

23 Jul 2011

Indiabulls Real Estate has reported unaudited results for the quarter ended June 30, 2011.

The company‘s net profit after extraordinary items for the quarter has declined by 33.79% at Rs 1.97 crore as compared to Rs 2.98 crore for the quarter ended June 30, 2010. Its total income has zoomed by 622.09% at Rs 49.13 crore for the quarter under review from Rs 6.80 crore for the corresponding quarter of the previous year.

On consolidated basis, the group’s net profit after minority interest has soared by 221.03% at Rs 65.99 crore for the Q1FY12 as compared to Rs 20.55 crore for the Q1FY11. Its total income has registered growth of 99.48% at Rs 383.46 crore for the quarter from Rs 192.23 crore for the June quarter of the previous fiscal.

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