Indiabulls Real Estate has reported results for fourth quarter and year ended March 31, 2021.
The company has reported net loss of Rs 3.76 crore for the quarter under review against net profit of Rs 101.51 crore for the same quarter in the previous year. Total income of the company decreased by 94.68% at Rs 15.25 crore for Q4FY21 as compared Rs 286.54 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported net profit attributable to owners at Rs 94.42 crore for the quarter under review as compared to net loss at Rs 109.79 crore for the same quarter in the previous year. Total income of the company reported 5-fold jump at Rs 759.51 crore for Q4FY21 as compared Rs 151.69 crore for the corresponding quarter previous year.
For the year ended March 31, 2021, the company has reported net loss at Rs 139.63 crore as compared to net loss of Rs 85.36 crore for the previous year. Total income of the company decreased by 92.57% at Rs 47.18 crore for year under review as compared to Rs 635.02 crore for year ended March 31, 2020.
For the year ended March 31, 2021, on the consolidated basis, the company has reported a fall of 96.44% in its net profit attributable to owners at Rs 4.30 crore as compared to Rs 120.69 crore for the previous year. Total income of the company decreased by 51.69% at Rs 1662.06 crore for year under review as compared to Rs 3440.64 crore for year ended March 31, 2020.
