Indiabulls Real Estate reports many fold jump in Q3 consolidated net profit

Indiabulls Real Estate has reported results for third quarter ended December 31, 2018.

The company has reported a net loss of Rs 36.78 crore for the quarter as compared to net loss of Rs 20.80 crore for the same quarter in the previous year. Total income of the company decreased by 29.26% at Rs 54.94 crore for Q3FY19 as compared Rs 77.66 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported many fold jump in its net profit at Rs 202.45 crore for the quarter under review as compared to Rs 6.00 crore for the same quarter in the previous year. Total income of the company increased by 4-fold jump at Rs 1287.60 crore for Q3FY19 as compared Rs 306.39 crore for the corresponding quarter previous year.