27 May 2019 | 12:19 AM

News

COMPANYNEWS
Indiabulls Housing F Q4 net profit down 8.08% at Rs 875.39 cr
  |
Published on 04-24-2019
The company reported standalone net profit of Rs 875.39 crore for the quarter ended March 31 2019 as compared to Rs 952.36 crore in the same period last year registering a year-on-year decline of 8.08 per cent.


Net revenue of the company rose moderately by 9.03 per cent at Rs 3707.91 crore in January-March quarter of this fiscal as against Rs 3400.84 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 56.43 per cent to Rs 246.39 crore from Rs 565.56 crore in year ago period.


Other Income dipped by 99.44 per cent at Rs 1.59 crore versus (Mar`18 Rs 281.93 crore).


Operating Profit surged by 22.09 per cent to Rs 3461.52 crore as against Rs 2835.28 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 11.98 per cent in March quarter.


Interest grew by 11.27 per cent y-o-y to Rs 2199.83 crore while Taxation increased by 109.02 per cent at Rs 377.41 crore (Mar`18 Rs 180.56 crore).