Indiabulls Real Estate reports marginal rise in Q3 consolidated net profit

Indiabulls Real Estate has reported results for third quarter ended December 31, 2015.

The company has registered 159.21% rise in its net profit at Rs 8.03 crore for the quarter under review, as compared to Rs 3.10 crore for the same quarter in the previous year. However, total income of the company has decreased 8.93% at Rs 81.15 crore for Q3FY16 as compared Rs 89.11 crore for the corresponding quarter previous year.

On the consolidated basis, the company’s net profit rose 2.14% to Rs 80.44 crore for the Q3 FY16 as compared to Rs 78.76 crore in Q3 FY15. However, total income declined 6.49% to Rs 681.49 crore in the quarter under review as compared to Rs 728.79 crore in the corresponding quarter previous year.