Indiabulls Real Estate reports 92.35% rise in Q1 consolidated net profit

24 Jul 2013

Indiabulls Real Estate has reported results for first quarter ended June 30, 2013.

The company has reported 42.85% fall in its net profit at Rs 51.08 crore for the quarter as compared to Rs 89.38 crore for the same quarter in the previous year. Total income of the company has decreased by 48.82% at Rs 108.73 crore for quarter under review as compared to Rs 212.46 crore for the quarter ended June 30, 2012.

On the consolidated basis, the group registered a rise of 92.35% in its net profit after taxes, minority interest and share of profit of associates at Rs 72.61 crore for the quarter as compared to Rs 37.75 crore for the same quarter in the previous year. Total income of the company, on consolidated basis, has increased by 136.55% at Rs 524.79 crore for quarter under review as compared to Rs 221.85 crore for the quarter ended June 30, 2012.

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