Indiabulls Real Estate reports over 45 fold jump in Q1 net profit

26 Jul 2012

Indiabulls Real Estate has reported results for first quarter ended June 30, 2012.

The company has registered over 45 fold jump in its net profit at Rs 89.39 crore for the quarter under review as compared to Rs 1.97 crore for the same quarter in the previous year. The total income of the company has increased over four fold at Rs 212.46 crore for Q1FY13 as compared Rs 49.13 crore for the corresponding quarter previous year.

On the consolidated basis, the group’s net profit after taxes, minority interest and share of profit / (loss) of associate declined by 42.79% to Rs 37.75 crore for the Q1FY13 as compared to Rs 65.99 crore in Q1 FY12. The total income dropped by 42.14% to Rs 221.86 crore in the quarter under review as compared to Rs 383.46 crore in the corresponding previous quarter.

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