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Indiabulls Real Estate registers 51% rise in sales bookings for FY13

29 Apr 2013 Evaluate

Indiabulls Real Estate has registered 51% jump in its sales bookings to Rs 3,002 crore during the last fiscal as against Rs 1,982 crore for the year FY12, while the annual rental income grew by 37% to Rs 486 crore in FY-13 versus Rs 354 crore in FY-12.

The company has recognized revenue of only Rs 1,110 crore during 2012-13 fiscal out of total sales of Rs 3,002 crore. The company has acquired 220 acres in Gurgaon and Panvel in the last fiscal, taking the company's total land bank to 3,592 acres including 2,588 acres of Special Economic Zone (SEZ) in Nashik.

The company’s total saleable area under construction is 19.44 million sq ft as on March 31, 2013. Of that 11.98 million sq ft has been sold for sales value of Rs 8,370 crore while, 7.46 million sq ft remains to be sold with an estimated value of Rs 12,215 crore at ongoing rates.

Meanwhile, the company’s net debt has increased to Rs 1,195 crore as on March 31, 2013 as against Rs 1,134 crore at the end of 2011-12 fiscal. Gross debt rose to Rs 1,633 crore from Rs 1,351 crore.

Embassy Developments Share Price

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Company Name CMP
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