Indiabulls Real Estate reports two and half fold jump in its Q2 consolidated net profit

22 Oct 2013

Indiabulls Real Estate has reported results for the second quarter ended September 30, 2013.

The company has reported over two fold jump in its net profit after tax at Rs 82.11 crore for the quarter as compared to Rs 39.26 crore for the same quarter in the previous year. However, total income from operation of the company has decreased by 75.14% at Rs 18.00 crore for quarter under review as compared to Rs 72.41 crore for the quarter ended September 30, 2012.

On consolidated basis, the company’s net profit after taxes and minority interest for the quarter under review rose over two and half fold at Rs 81.20 crore against Rs 32.24 crore in the second quarter of previous fiscal. The group’s total income from operation rose by 31.64% at Rs 450.62 crore for the quarter from Rs 342.30 crore in the similar quarter of previous year.

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