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Indiabulls Real Estate gains on reporting two and half fold jump in its Q2 consolidated net profit

22 Oct 2013

Indiabulls Real Estate is currently trading at Rs 69.10, up by 3.15 points or 4.78% from its previous closing of Rs 65.95 on the BSE.

The scrip opened at Rs 66.20 and has touched a high and low of Rs 70.70 and Rs 65.75 respectively. So far 2506978 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 87.30 on 17-May-2013 and a 52 week low of Rs 50.15 on 10-Apr-2013.

Last one week high and low of the scrip stood at Rs 66.70 and Rs 60.50 respectively. The current market cap of the company is Rs 2934.15 crore.

The promoters holding in the company stood at 49.30% while Institutions and Non-Institutions held 25.87% and 24.67% respectively.

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.

Related Indiabulls Real Estate Ltd. Links:

Indiabulls Real Est. Share Price

167.95 2.15 (1.30%) Nov 30, 18:01
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323