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Indiabulls Real Estate reports 23% rise in Q2 consolidated net profit

25 Oct 2018 Evaluate

Indiabulls Real Estate has reported results for second quarter ended September 30, 2018.

The company has reported a rise of 16.63% in its net profit at Rs 43.84 crore for the quarter under review as compared to Rs 37.59 crore for the same quarter in the previous year. Total income of the company increased by 5.10% at Rs 156.51 crore for Q2FY19 as compared Rs 148.92 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 23.17% in its net profit at Rs 75.92 crore for the quarter under review as compared to Rs 61.64 crore for the same quarter in the previous year. Total consolidated income of the company increased by 84.11% at Rs 1,059.72 crore for Q2FY19 as compared Rs 575.58 crore for the corresponding quarter previous year.

Peers
Company Name CMP
Lodha Developers 1102.05
Prestige EstatesProj 1444.95
Dilip Buildcon 408.35
DLF 641.65
Oberoi Realty 1738.80
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