Indiabulls Real Estate reports over two fold rise in Q2 consolidated net profit

Indiabulls Real Estate has reported results for second quarter ended September 30, 2016.   

The company has reported 92.55% fall in its net profit at Rs 3.53 crore for the quarter under review as compared to Rs 47.34 crore for the same quarter in the previous year. Total income of the company decreased by 23.29% at Rs 107.75 crore for the quarter under review as compared Rs 140.46 crore for the corresponding quarter previous year.     

On the consolidated basis, the company has reported over two fold rise in its net profit after taxes, minority interest and share of profit/(Loss) of associates at Rs 141.61 crore for the quarter ended September 30, 2016 as compared to Rs 70.64 crore for the same quarter in the previous year. Total Income of the company has increased by 15.35% to Rs 911.92 crore for quarter under review from Rs 790.58 crore for the quarter ended September 30, 2015.