Indiabulls Real Estate reports 4-fold jump in Q2 consolidated net profit

11 Nov 2019

Indiabulls Real Estate has reported results for second quarter ended September 30, 2019.

The company has reported a net loss of Rs 100.48 crore for the quarter under review against net profit of Rs 43.84 crore for the same quarter in the previous year. Total income of the company decreased by 70.42% at Rs 46.30 crore for Q2FY20 as compared Rs 156.51 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported around 4-fold jump in its net profit at Rs 301.12 crore for the quarter under review as compared to Rs 75.89 crore for the same quarter in the previous year. Total income of the company marginally increased by 3.98% at Rs 1,101.90 crore for Q2FY20 as compared Rs 1059.72 crore for the corresponding quarter previous year.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
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