Indiabulls Real Estate Q2 net dips 76% at Rs7.99 cr

Indiabulls Real Estate Q2 net dips 76% at Rs7.99 cr

PTI

Mumbai: Indiabulls Real Estate today announced a consolidated net profit of Rs7.99 crore for the second quarter ended 30 September, a 76.60% decline over the corresponding period a year-ago.

The company had a consolidated net profit of 34.15 crore in the second quarter ended 30 September 2007, Indiabulls Real Estate said in a filing to the Bombay Stock Exchange.

The consolidated total income of the company rose to Rs143.82 crore in the quarter under review from Rs78.21 crore of the corresponding period last fiscal, it said.

On a standalone basis, Indiabulls Real Estate posted a net profit of Rs6.87 crore in the quarter ended 30 September, a 69.82% decline over the corresponding period a year-ago.

The company had posted a standalone net profit of Rs22.77 crore in the second quarter ended 30 September in 2007-08.

The standalone total income of Indiabulls Real Estate rose to 9.61 crore in the latest quarter from 37.34 crore of corresponding period last fiscal.

Shares of the company were trading at Rs106, down 19.21% in the afternoon trade on the BSE.

Close