Indiabulls Real Estate reports over 38-fold surge in Q4 net profit

25 Apr 2013

Indiabulls Real Estate has reported results for the fourth quarter and year ended March 31, 2013

The company has reported 37.82-fold jump in its net profit at Rs 121.04 crore for the quarter ended March 31, 2013 as compared to Rs 3.20 crore for the same quarter in the previous year. Total income has increased 3.09-fold at Rs 191.18 crore for quarter under review as compared to Rs 61.88 crore for the quarter ended March 31, 2012.

On the consolidated basis, the company has posted a fall of 7.28% in its net profit at Rs 51.94 crore for the quarter ended March 31, 2013 as compared to Rs 56.02 crore for the same quarter in the previous year.  Total income of the company has decreased by 6.75% at Rs 422.53 crore for quarter under review as compared to Rs 453.14 crore for the quarter ended March 31, 2012.

For the year ended March 31, 2013, the company has reported 18.58-fold jump in its net profit at Rs 268.56 crore as compared to Rs 14.45 crore for the same period in the previous year. Total income has increased 2.64-fold at Rs 588.66 crore for year under review as compared to Rs 222.49 crore for the period ended March 31, 2012.

For the year ended March 31, 2013, on the consolidated basis, the company has posted a rise of 5.05% in its net profit at Rs 174.19 crore as compared to Rs  165.81 crore for the same period in the previous year. However, total income decreased by 9.45% at Rs 1346.28 crore for year under review as compared to Rs 1486.74 crore for the period ended March 31, 2012.

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