Indiabulls Real Estate zooms on reporting many fold jump in Q3 consolidated net profit

18 Feb 2019

Indiabulls Real Estate is currently trading at Rs. 72.50, up by 1.25 points or 1.75 % from its previous closing of Rs. 71.25 on the BSE.

The scrip opened at Rs. 72.00 and has touched a high and low of Rs. 73.80 and Rs. 70.40 respectively. So far 174507 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 234.50 on 16-Feb-2018 and a 52 week low of Rs. 63.05 on 06-Feb-2019.

Last one week high and low of the scrip stood at Rs. 73.80 and Rs. 64.55 respectively. The current market cap of the company is Rs. 3276.45 crore.

The promoters holding in the company stood at 38.90%, while Institutions and Non-Institutions held 25.98% and 35.13% respectively.

Indiabulls Real Estate has reported a net loss of Rs 36.78 crore for the quarter ended December 31, 2018 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.

Related Indiabulls Real Estate Ltd. Links:

Indiabulls Real Est. Share Price

89.25 0.00 (0.00%) Feb 26, 18:55
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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